State of Connecticut Department of Banking

Martin Luther King, Jr. Corridor Designation - Request for Information The Department of Banking is seeking applications for the designation of "Martin Luther King, Jr. (MLK) Corridors" to promote secured and unsecured lending in the state with the intention of stimulating economic development within those corridors. More information may be found here. Apply via the DAS CTSouce Bid Board, type DOB-24084 in the search field.

Business And Industrial Development Corporations

Persons engaged in the business of a business and industrial development corporation as a participating lender under the loan guarantee programs of the federal Small Business Administration in Connecticut must be licensed by the Banking Commissioner. Any person licensed by the Small Business Administration as a small business investment company or a small business lending company; banks or credit unions; and any person not approved or not seeking approval by the Small Business Administration as a participating lender under one or more of its loan guarantee programs is exempt from the provisions of the Connecticut Business and Industrial Development Corporation Act.

Contact key personnel from the Financial Institutions Division for questions concerning business and industrial development corporations.