The CT Small Business Boost Fund is a new resource to help small downtown & Main Street businesses move forward.
Supported by the Connecticut Department of Economic & Community Development (DECD), the Connecticut Small Business Boost Fund links small businesses and non-profits to the financial support they need to thrive.
The CT Small Business Boost Fund gives small business owners access to flexible funding for capital expenditures and working capital and connects them with support services.
- Small businesses and non-profits can borrow between $5,000 – $500,000 depending on eligibility and need.
- Businesses can choose how they spend the money — on equipment, payroll, utilities & rent, supplies, marketing & advertising, eligible refinancing, building renovations and other expenses.
- Loans are not forgivable. Businesses will need to pay back the full amount of the loan with interest over a 60- or 72-month term.