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West Haven Firm Expands Biomedical Disposal Program with Community Economic Development Fund
Date:5/14/2010

class="xn-location">Bridgeport and West Haven, created the program to mitigate the risk of eligible small businesses. The cities support the small loans with 30 percent guarantees. The program is also partially funded by the Small Business Administration.

Pathacura is using the loan to expand its medical hazardous remediation work for local businesses and public facilities.

"The guarantee programs with our partners enhance CEDF's ability to support small business, particularly start-up or at-risk business and those with little or no collateral," says Donna Wertenbach, CEDF President and CEO. She noted that CEDF can make these loans because 21 banks and other institutions have invested in CEDF's small business, high-risk loan pool.

CEDF was created in 1994 to revitalize Connecticut's distressed neighborhoods by providing greater access to capital, technical assistance to small businesses and support for community economic development. Since then CEDF has provided millions of dollars in loans to small businesses, created and retained thousands of jobs for the state's residents, and funded numerous community planning efforts. Joining forces with the state, leading lenders and representatives from low and moderate income communities, CEDF is helping Connecticut's small businesses and neighborhoods.


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