CT Opportunity Fund

* The CT Opportunity Fund provides flexible, low-interest loans to small businesses in Connecticut, with loan amounts ranging from $10,000 to $500,000 and interest rates capped at 4%. * The fund supports businesses that operate or reside in concentrated poverty census tracts, have adjusted gross income at or below the annual adjusted median household income, or are first-time business owners or enterprises that lack access to traditional commercial lending. * Eligible uses for the loan include: + Purchasing machinery and equipment + Renovation of building or leasehold improvements + Relocation or working capital needs + Marketing and advertising + Other expenses approved by the lender * The fund is administered by HEDCO, a Connecticut-based, mission-driven lender that specializes in serving underserved borrowers. * Applications are considered in priority order, with businesses located in concentrated poverty census tracts and those meeting the HUD income eligibility threshold given priority.