This program supports small businesses and nonprofits operating in Connecticut that need affordable capital to strengthen operations or invest in growth.

To qualify, organizations must:

• Operate in Connecticut
• Have been in operation for at least 1 year
• Generate less than $8 million in annual revenue
• Have 100 or fewer full-time employees

• Loan amounts: $5,000–$150,000
• Interest rate: 4.5% fixed
• Term: 60 months
• Interest-only period: First 3 months require interest-only payments
• Predictable payments with a fixed rate

Funds may be used for:

• Working capital: Payroll, utilities, rent, and supplies
• Equipment purchases
• Leasehold improvements

This fund is designed to provide stability early on and flexibility as the business grows.

To be eligible, applicants must meet the following criteria:

• Credit score: Minimum FICO score of 575
• Debt history:
  • No more than $3,000 in unpaid or past-due debt
• Bankruptcy history:
  • Up to one prior bankruptcy is allowed
  • Bankruptcy must be fully discharged
  • The bankruptcy must not have involved the business applying for funding

We believe in transparency. Here are the costs associated with this loan:

• $190 processing fee
• $30 direct deposit fee
• $80 UCC filing fee
• No application fee.
• Florida clients only: State stamp tax of $0.35 per $100 borrowed (or portion thereof)

No cost to apply online. These fees are included in the loan and only apply if the loan is approved and disbursed. There are no out-of-pocket expenses during the application process.