What to expect
Complete the pre-application questionnaire above to help us get to know your business.
Eligible borrowers will be matched with a community lender after completing the pre-application.
Community lenders will assist with every step of the application and can connect you with additional support services if needed.
We offer free business support services.
If you need more help completing your pre-application, or if you were not matched with a lender or approved for a loan, business support counselors can help answer questions, identify issues with your application, provide business guidance and credit help, and more.
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Loans can be spent on:
Utilities & Rent
Marketing & Advertising
No origination fees
Streamlined application process
Quick application approval timelines
Support in multiple languages
Borrow between $5,000 and $500,000 (subject to eligibility)
Fixed 4.5% interest rate
60-month repayment terms for loans less than $150,000; 72-month repayment terms for loans over $150,000
Business and nonprofits must have operations in Connecticut
Have no more than 100 full-time employees
Have annual revenues of less than $8 million
Businesses and nonprofits must have been in operation for at least 1 year prior to the date of application. A small amount of financing is available for start-up businesses
Due to a limited amount of funding availability and the high volume of applications expected, it is anticipated that not all applicants will be able to receive a loan. Applications will be reviewed on a rolling basis and will be managed to support the program’s goals. The time it takes to process an application will depend on the volume of applications received by the matched community lender. Please note that submitting an application is not an indication of eligibility and does not mean that a loan will be approved or funded. Additional information will be requested in your application that will determine your eligibility for a loan. We recommend applying as soon as possible. All rates and loan terms may be subject to change. Loans available via this program are business loans only and not loans for personal, family or household purposes.
As part of the Connecticut Small Business Boost Fund loan process, information associated with your funded loan will be submitted to the State of Connecticut. This includes your business name, business location and the dollar amount associated with your loan.