Connecticut Small Business Boost Fund

About this funding opportunity

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With a heat wave approaching, Connecticut's Extreme Hot Weather Protocol will be activated from Tuesday, June 30, until Sunday, July 5. Cooling centers are opening statewide. To find the nearest location, visit www.211ct.org or call 2-1-1. \ [READ THE UPDATE] Connecticut Small Business Boost Fund Overview

Supported by the Connecticut Department of Economic & Community Development, the Connecticut Small Business Boost Fund is more than a financial assistance program. It’s a one stop shop for business owners and nonprofits to get support and guidance before, during and after the loan application process.

Working capital loans are provided between $5,000 and $500,000 (subject to eligibility) with no origination fees, fixed 4.5% interest rate, and 60- and 72-month payback terms depending on loan size.

During the loan process, applicants receive support from a network of community lenders and technical assistance providers with decades of experience working with small businesses. This program has an equity-minded approach focused on communities that have historically experienced barriers to accessing working capital.

Learn more about the Connecticut Small Business Boost Fund.

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Topic areas: Workforce Development, Social Innovation and Community Development.

Funding amount

This grant provides Varies in funding.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• Not specified by the program.

Eligibility

The program did not publish a separate eligibility statement. See the official opportunity page for the full eligibility criteria.

Agency

Connecticut Small Business Boost Fund is administered by Connecticut Department of Economic and Community Development (CT DECD), listed via Connecticut Department of Economic and Community Development.