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Venture Debt
Pre-Seed Fund
Seed Fund
Eli Whitney Equity Fund
Angel Investor Tax Credit Program

Venture Debt

Helping innovative Connecticut-based businesses grow through debt financing that falls outside traditional lending guidelines.

What It Is

CI’s venture debt financing helps business leaders like you grow your eligible early- or later-stage company by offering you funding for capital expenditures and working capital. The interest rate will typically be fixed between 5% and 10% for the life of the debt. Warrants are part of the overall pricing and range from 5% to 25% of the loan amount. The maturity of the debt will typically extend from 3–5 years. Collateral will include a priority lien or, occasionally, a subordinated lien on the borrower’s assets.

Who It’s For

Any Connecticut-based business that has proprietary intellectual property, deep technical knowledge or a significant first-mover advantage can apply for venture debt provided the company is in the following stages of development:

  • early-stage (lack of positive cash flow)
  • later-stage (positive cash flow but lack of significant assets to use as collateral)

Selected early-stage businesses will typically receive between $150,000 and $500,000 for expansion, while selected later-stage companies will typically receive between $500,000 and $2,000,000.

For more information, contact:

Ted Murphy