Small Business Loan Programs
I. Micro Loan Program
The Town offers low interest loans of up to $50,000 for the purchase of machinery and equipment, interior and / or exterior renovations and property improvements. The program is available in all areas of Hamden.
Interest rates for loans up to a maximum of 5 years (60 months) will float based on the Wall Street Journal Prime rate.
II. Down-payment Assistance Program
The Town offers loans for the purchase of commercial and mixed-use properties in all areas of Town. The maximum loan is $50,000 and can be used for down-payment and/or related closing costs. The loan rate is prime rate plus one percentage point. Each loan will be amortized for a 15 year period.
For additional information on either program, call Dale Kroop, Hamden's Economic Development Director, at 203-287-7030 or email. He will be happy to walk you through the application process to apply.
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Hamden Economic & Community Development
2750 Dixwell Ave.,
Hamden, CT, 06518
(203) 287-7030
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