Hedco
Hedco, founded in 1975, provides financial assistance and business support services to small businesses and non-profit organizations in Hartford, Connecticut.
History
Hedco was founded in 1975. Since its inception, the company has dedicated itself to providing various financial assistance programs for small businesses and non-profit organizations. With decades of experience, Hedco has established a strong presence in the financial support sector, operating out of its main office located at 207 Main Street, 4th Floor, Hartford, CT 06106.
Services
Hedco offers a range of financial services designed to assist small businesses and non-profit organizations. The company provides term loans, lines of credit, and access to capital with loan amounts up to $500,000 and competitive interest rates from 4% to 6%. Through its Business Resource Center (BRC), Hedco also offers various business support services.
Financial Assistance Programs
Hedco administers several key financial assistance programs. The Connecticut Small Business Boost Fund provides flexible financing options for small businesses, allowing for capital expenditures and working capital. Additionally, the Non-Profit Revolving Loan Fund (NPRLF) offers short-term working capital specifically to certified 501(c)(3) non-profit organizations.
Partnerships
Hedco collaborates with several partners to enhance its service offerings. Notably, the company partners with the Department of Energy and Environmental Protection to administer the Beverage Container Recycling Grant Program. This program aims to support recycling initiatives within the community.
Business Resource Center
Hedco's Business Resource Center (BRC) serves as a comprehensive support hub for small businesses and non-profits. The BRC provides resources and services aimed at helping organizations manage and grow their operations. The center is an integral part of Hedco's commitment to supporting its clients beyond mere financial assistance.