Coronavirus (COVID-19) Relief Center
Coronavirus (COVID-19) Relief Center
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Connecticut
These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on August 31, 2020.
For more up-to-date information on the relief programs available in Connecticut, we recommend that you visit the state's COVID-19 Response website.
Description of Program and Relief
Emergency No-Interest Loan Program for Connecticut Small Businesses and Nonprofits Impacted by COVID-19
To provide emergency cash flow relief to small businesses and nonprofits negatively impacted by the coronavirus, Connecticut is now offering qualifying organizations with 100 or fewer employees access to no-interest loans. Under the Connecticut Recovery Bridge Loan program, a qualifying business or nonprofit organization can apply for a loan of up to the lesser of $75,000 or three months of operating expenses.
Government or Lead Agency
Connecticut Department of Economic and Community Development (DECD)
Dates Available
Effective Immediately.
Eligibility Requirements/Restrictions
To be considered for this program, a business or nonprofit must:
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Have no more than 100 employees
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Be in good standing with the Department of Revenue Services (DRS) & DECD
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Have been profitable prior to March 10, 2020 — with no adverse personal credit reports 60 days past due the past six months
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Not be involved in real estate, multi-level marketing, adult entertainment, cannabis or firearms; nor be a state elected public official or state employee
Application Deadlines (If Applicable)
N/A
Contact for More Information
List of Additional Information
© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.