Posted on March 26, 2020 by admin
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 in the program, eligibility requirements, the application process, and a Q&A document,…