The state’s Department of Economic and Community Development (DECD) has created a $25 million short-term loan program for Connecticut businesses that are struggling as a result of the COVID-19 crisis. These interest-free loans of up to $75,000 are available to businesses that employ no more than 100 people, and they must be repaid within a year. A six month extension may be granted upon request.
For more information on the program, eligibilty requirements, the application process, and a Q&A document, click here.
To complete an application, click here.
As always, I will provide more updates as I receive new information. Please contact me if you have questions or concerns about the statewide response to COVID-19, or any state government matter. I am here to speak with you directly, provide more information if possible, and to serve as a resource for you and your families.
Email: [email protected]
State Representative, District 143