Supported by the Connecticut Department of Economic & Community Development, the Connecticut Small Business Boost Fund is more than a financial assistance program. It’s a one stop shop for business owners and nonprofits to get support and guidance before, during and after the loan application process.
Working capital loans are provided between $5,000 and $500,000 (subject to eligibility) with no origination fees, fixed 4.5% interest rate, and 60- and 72-month payback terms depending on loan size.
During the loan process, applicants receive support from a network of community lenders and technical assistance providers with decades of experience working with small businesses. This program has an equity-minded approach focused on communities that have historically experienced barriers to accessing working capital.