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.

The following corporation(s) is/are licensed by the Department of Banking, pursuant to Connecticut General Statutes Section 36a-625 to 36a-633:

Capital Business Lenders, Inc.
151 New Park Avenue
Hartford, CT 06106

Better Local Capital, LLC
900 Chapell Street
Floor 10
New Haven, CT 06510