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The Connecticut Small Business Boost Fund is a loan program custom designed for Connecticut’s small businesses and nonprofits. Capital for Change is proud to be a trusted lending partner for this new loan program.

 

Supported by the Connecticut Department of Economic & Community Development, the Connecticut Small Business Boost Fund is a one-stop shop for business owners to access flexible working capital and get support and guidance before, during and after the loan application process.

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With the Connecticut Small Business Boost Fund, you’ll experience low-interest rates, longer payback timelines and no origination fees.

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Qualifying Businesses and Nonprofits Must Have

• Operations in Connecticut

• No more than 100 full-time equivalent (FTE) employees

• Annual revenues of less than $8 million

• Been in operation for at least one year prior to the date of application (A small amount of financing is available for start-up businesses)

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Loan Terms

• Borrow between $5,000 and $100,000 (subject to eligibility)

• Fixed 4.5% interest rate

• 60 month loan terms depending on loan size

• Origination fees $300

 

Loan Use Is Flexible

• Equipment

• Payroll

• Utilities & rent

• Supplies

• Marketing & advertising

• Building renovations

• Eligible refinancing

• Other expenses

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