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Connecticut Small Business Boost Fund

requirements for the Connecticut Small Business Boost Fund

PRE APPLY

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

 

GET MATCHED

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

 

BE SUPPORTED

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

LOAN TERMS

  • 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

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

The process was easy and very convenient, it was perfect.

The experience of working with Ascendus was awesome, particularly the excitement they showed in my progress and in my business.

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