Connecticut Small Business Boost Fund
Connecticut Small Business Boost Fund offers low-interest loans and ongoing support to help underserved small businesses and nonprofits access capital and grow.
Funder: Connecticut Department of Economic and Community Development
Due Dates: Rolling (Applications accepted on an ongoing basis)
Funding Amounts: $5,000–$500,000 per loan; fixed 4.5% interest; 60- or 72-month repayment terms; not forgivable.
Summary: Flexible, low-interest loans and ongoing business support for Connecticut small businesses and nonprofits, with a focus on equitable access.
Key Information: Limited funds available; not all applicants will be funded—apply early.
Description
The Connecticut Small Business Boost Fund provides flexible, low-interest loans to small businesses and nonprofits operating in Connecticut. Supported by the Connecticut Department of Economic and Community Development, the program aims to reduce barriers to capital for historically underserved communities, including women, minorities, veterans, and people with disabilities. In addition to financial assistance, applicants receive personalized support and guidance before, during, and after the application process, connecting them with experienced community lenders and technical assistance providers.
