CT Opportunity Fund
The CT Opportunity Fund offers flexible, low-interest loans to help Connecticut small businesses—especially those in underserved areas—grow and sustain their operations.
Funder: Connecticut Department of Economic and Community Development
Due Dates (Anticipated): June 2027 (Full application deadline, projected)
Funding Amounts: Loans from $10,000 to $500,000; interest rates capped at 4%; terms up to 10 years.
Summary: Provides flexible, low-interest loans to Connecticut small businesses—especially in underserved communities—to support growth and sustainability.
Key Information: This is a forecasted opportunity; program details and application dates are subject to change.
Description
The program offers affordable, flexible financing to help small businesses in Connecticut—particularly those in high-poverty areas, first-time entrepreneurs, or businesses lacking access to traditional bank loans—overcome financial barriers to growth. Loans can be used for purchasing equipment, renovations, working capital, marketing, or other approved expenses. The fund is administered by HEDCO, a mission-driven lender specializing in underserved borrowers, and is part of Connecticut’s broader effort to expand economic opportunity and support long-term business sustainability.
