Frequently Asked Questions for Small Business Loans

What kind of businesses are eligible for Community Capital Fund loans?

Any small or medium-sized business located in the Greater Bridgeport area is eligible to receive a Community Capital loan.

Does Community Capital Fund loan for startup businesses?

Yes, any new company with a business plan is eligible for a loan.

What is the minimum loan amount for a small business?

The minimum loan amount is $30,000.

Do I have to personally guarantee my business loan?

Yes, all loans are personally guaranteed by the principles.

Are there any loan fees?

For for-profit businesses, there is a $250 application fee and a 2% commitment fee. For nonprofit organizations, the application fee is $125 and the commitment fee is 1%.