Connecticut Small Business Boost Fund
The Connecticut Small Business Boost Fund provides loans and business support to help Connecticut small businesses and nonprofits grow, with a focus on equitable access, through the Department of Economic and Community Development.
Funder: Connecticut Department of Economic and Community Development
Due Dates: Rolling
Funding Amounts: Loans from $5,000–$500,000; fixed 4.5% interest; 60 months (<$150k) or 72 months (>$150k) terms; not forgivable.
Summary: Provides working capital loans and business support to Connecticut small businesses and nonprofits, prioritizing equitable access.
Key Information: Applications are reviewed on a rolling basis; funding is limited and not all eligible applicants will receive a loan.
Description
The Connecticut Small Business Boost Fund, established by the Connecticut Department of Economic and Community Development, offers low-interest loans and technical assistance to small businesses and nonprofits operating in Connecticut. The program aims to increase equitable access to working capital, especially for organizations in communities that have faced barriers to traditional financing. In addition to financial support, applicants can receive free business guidance before, during, and after the loan process from a network of community lenders and business support organizations.
