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Loans can be spent on:

Equipment

Payroll

Utilities & Rent

Eligible refinancing

Supplies

Marketing & Advertising

Building Renovations

Other Expenses

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No origination fees

Streamlined application process

Quick application approval timelines

Support in multiple languages

Loan Terms

Loan Terms

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

Eligibility

ELIGIBILITY REQUIREMENTS

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

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What to expect

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Pre-Apply

Complete the pre-application questionnaire above to help us get to know your business.

Loan Terms

Get Matched

Eligible borrowers will be matched with a community lender after completing the pre-application.

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Be Supported

Community lenders will assist with every step of the application and can connect you with additional support services if needed.

Disclaimer

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.