Working Capital Program
Working Capital is a line of credit secured by ongoing cash flow, project finance, and accounts receivable (your customers).
CEFIA’s Working Capital program
- Borrow up to 50% of project costs for CEFIA program projects
- Any Smart-E, Cozy Home, or CT Solar Lease eligible contractors can apply
- Interest rate = Webster Bank Prime Rate + 2%, floating (today = 5.25%)
- Webster Bank will confirm project with CEFIA
- Contact Frank Mac Hugh, VP of Business Banking at (860) 692-1607 or firstname.lastname@example.org
- Any Smart-E or Cozy Home Loan eligible contractors can apply
- Contact Joe Giaccone, Sr. Relationship Manager for Business Banking at (203) 225 -5863 or email@example.com
CEFIA also offers the HOPBI Working Capital Loan to help contractors get projects done before the HOPBI incentive is paid. Click here for information.