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Governor Ned Lamont

03/16/2020

Governor Lamont Announces Connecticut Businesses Approved to Receive Disaster Assistance Due to COVID-19

(HARTFORD, CT) – Governor Ned Lamont today announced that small businesses and nonprofit organizations in Connecticut that have been negatively impacted by the global COVID-19 outbreak are now eligible for disaster relief loans of up to $2 million from the U.S. Small Business Administration (SBA).

On Sunday, the governor submitted a request to the federal agency for expedited approval of the disaster relief to immediately provide aid to businesses in Connecticut. Over the past several days, the Connecticut Department of Economic and Community Development (DECD) has been working diligently to survey companies statewide to assess the impact of COVID-19 on the small business community and the local economy.

“Small businesses and nonprofits of all types are experiencing large, sudden drops in revenue while trying to do the right thing and give employees the flexibility they need to take care of themselves and their families,” Governor Lamont said. “One of our priorities is to help them as much we can. SBA disaster relief loans are an important tool that can help Connecticut businesses.”

“The availability of SBA loans is another key piece of a broader set of relief measures the Lamont administration continues to put into place for individuals and our business community,” DECD Commissioner David Lehman said. “Their ability to successfully navigate this health crisis is of vital importance to our economy in the short and long-term. The DECD team will remain proactive and continue to assess the impact of this pandemic and assist small businesses navigate this unprecedented economic climate.”

Small businesses can learn more about the program and apply for financial assistance at www.sba.gov/disaster or call the SBA at 1-800-659-2955.

Small businesses with questions about this SBA loan program or other assistance provided at the state-level can call 860-500-2333 to speak directly with a DECD representative. Businesses can also stay informed on news and guidance related to COVID-19 and its impact on Connecticut by visiting the state’s dedicated coronavirus website at ct.gov/coronavirus.

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