EXP Revolving Loan Fund (Connecticut)

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Last modified on February 12, 2015.

EZFeed Policy

Place Connecticut


   
Applies to States or Provinces Connecticut
Name EXP Revolving Loan Fund (Connecticut)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator Connecticut Department of Economic and Community Development
Primary Website http://www.cga.ct.gov/2012/fc/2012SB-00001-R000400-FC.htm



Last Review 2014-09-15


Information Source http://www.ct.gov/ecd/cwp/view.asp?a=3931&q=489792, http://www.ct.gov/ecd/lib/ecd/EXP_Revolving_Loan_Slipsheet_%28Web%29_2012.pdf


Summary

The EXP Revolving Loan Fund provides loans between $10,000 and $100,000 with a 4% interest rate for a maximum ten-year term. The loans may be used to purchase machinery and equipment, for construction or relocation costs, working capital, or other business-related expenses authorized by the Connecticut Department of Economic and Community Development.



Policy Contact

Contact Name Michelle Peters
Department Connecticut Department of Economic and Community Development





Phone (860) 270-8052


Email Michelle.Peters@ct.gov

     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Conn. Gen. Stat. 32-7g

Date Enacted 2012


















References