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

Webster Bank

  • 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 fmachugh@websterbank.com 

Wells Fargo

  • 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 joseph.giaccone@wellsfargo.com 

Program Materials


CEFIA also offers the HOPBI Working Capital Loan to help contractors get projects done before the HOPBI incentive is paid.  Click here for information.