Capital Investments Loan Program
CHEFA launched the Capital Investment Loan Program to address the financing gap for Connecticut nonprofits undertaking small-scale capital projects. By offering attractive interest rates and appropriate loan sizes, the program makes essential funding more accessible and affordable, directly supporting the missions of these organizations.
This program provides direct lending from CHEFA to eligible 501(c)(3) organizations in CT in order to finance the acquisition of personal property and/or make renovations/improvements to real-estate property at low fixed cost.
CT-based 501(c)3 organizations
Fixed 2.99% Interest
$500k max. loans
Up to 72 months
Loan Parameters
Uses: Exclusively for capital projects, equipment purchases and facility renovations
Repayment Terms: Fixed monthly payments ~ approx. $7,600/month for $500k loan
Eligibility: Organization must have a minimum 3-year operational history
Financial Health: Approval is based on ability to service debt through pro forma DSCR
Timeline: Loans can close in less than 45 days
No hidden costs or additional fees, loans can be repaid anytime