Neighborhood Economic Development Fund (NEDF)

Program funded by the City of Hartford and Private Entities

The NEDF assists start-up and small business with emphasis on some towns of Connecticut such as but not limited to Hartford, New Haven, Meriden, New Britain and Willimantic.

  • Type of Loan: Term and Line of Credit
  • Amount: Up to $50,000
  • Interest Rate: Fixed 6%
  • Loan Maturity: Up to 5 years

Pre-Requirements to obtain a loan through this program:

  1. The business is officially registered as such and operates legally.
  2. The business is physically located and operates in CT.
  3. The business owner has invested their own time or money into the business.
  4. Must be a For-Profit type of business.
  5. Principals with 50% or more ownership must not be more than 60 days delinquent on child support.
  6. The business cannot get funds from any other financial lender.
To apply for this program, please click here.