Areas Served: Statewide Connecticut
The State of Connecticut Small Business Express Program (EXP) provides loans and grants to Connecticut’s small business to spur job creation and growth.
Small businesses with operations in Connecticut, registered to conduct business for not less than twelve months, in good standing with all state agencies and with the payment of all state taxes, and employing not more than 100 employees, are eligible to apply.
Priority for available funding will be given to those eligible applicants who (1) are creating new jobs and (2) are within Connecticut’s economic base industries, as defined in Connecticut General Statutes 32-222, including but not limited to: precision manufacturing, business services, green and sustainable technology, bioscience, and information technology sectors.
Loans are available from $10,000 to $100,000, up to a 4% interest rate and up to a 10 year term.
Funds can be used for: – Equipment and machinery – Construction or leasehold improvements – Relocation costs – Working capital – Other business related expenses as approved by DCED
Contact InformationDepartment of Economic and Community Development
Address: 505 Hudson Street
City: Hartford
State: Connecticut
Website:
http://www.ct.gov/ecd/lib/ecd/EXP_Revolving_Loan_Slipsheet_%28Web%29.pdf
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