Connecticut Small Business Boost Fund

requirements for the Connecticut Small Business Boost Fund


Complete the pre-application questionnaire 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.


Loans can be spent on:

  • Equipment
  • Payroll
  • Utilities
  • Rent
  • Eligible refinancing
  • Supplies
  • Marketing
  • Advertising
  • Building renovations
  • Other expenses


  • Borrow between $5,000 and $150,000 (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
  • Note: The information presented above refers to the program in general. Depending on the type of business and time operating, you will be eligible with us.

I started off with a food truck. Now I have two restaurants and another on the way. All because Ascendus gave me that first loan.

Because of Ascendus we were able to continue operations. Ascendus gave us an affordable interest rate, allowed us to offer competitive pay packages, and overall, helped us grow our business.

Ascendus gave me resources, helped me build credit, and helped me prove that I could pay back a loan.

sign up for our newsletters