The Northeast Alliance presently provides business loans from two funds: a Regional Revolving Loan Fund that is devoted to economic development in northeastern Connecticut, and a Small Cities Loan Fund managed by the Alliance.

Generally, the business loans range in size from $5,000 to $50,000, and targeted businesses are small to medium in size, having 50 or fewer employees. We have the risk tolerance to do business with start-ups and applicants for business loans may have been declined financing by banks and/or other financing entities.

 

To determine if you may qualify for a business loan, and how to apply, click for our information on applying for a loan.

 

For larger loans, click for information on custom financing packages.

 

Businesses in need of financing are encouraged to contact us, to develop a loan application package with the assistance of the Northeast Alliance’s staff.

 

The initial consultation is free.

 

A nonrefundable fee of $250.00 is required when a complete loan application package is presented for underwriting. Other fees may apply.