CHEFA Revolving Loan Fund Program
CHEFA Is Now Accepting Loan Applications for Affordable Capital Financing
The CHEFA Revolving Loan Fund Program was created to expand our available financing products and provide financial assistance to CHEFA clients. The program was created in 2020, with an initial funding of $1 million.
CHEFA is proud to announce that the CHEFA Board of Directors has approved the Annual Funding Cycle Notice 2022A and has made $375,000 available to eligible Connecticut based 501(c)(3) organizations. Eligible organizations can apply for up to $50,000 in financing for capital projects, including the acquisition of personal property and renovations/improvements to real property. The loans may have a term up to sixty (60) months, at a fixed rate of 3.75% per annum and are unsecured.
Please refer to the Annual Funding Cycle Notice 2023A, found below, for more information on the term of the loan, eligible borrowers and eligible uses of the loan proceeds.
Interested Clients must submit a Loan Application to Dan Kurowski, which can be found below. Applications will be accepted beginning on October 5, 2022.
Contact Michael Morris for More Information
Contact Dan Kurowski for More Information