Remove Bankruptcy Remove Cash Flow Remove Connecticut Remove Lien
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State by State Incentives Guide

Buisness Facilities Contributed Content

CONNECTICUT – updated for 2014. Small Business Express Program (EXP): An innovative business assistance program created in October 2011 that provides funding and technical assistance to Connecticut’s small businesses to spur job creation and economic growth. For a list of state economic development agencies, click this link.

Income 108
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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

Income 75