[Update April 14: The SBA has notified Applicants that Despite prior promises of $10,000 per applicant, they are only advancing $1,000 per employee as of the January 31, 2020 Payroll.] The first $10,000 of funds advanced under Economic Injury Disaster…
EIDL – Economic Injury Disaster Loan
Eligible Small Businesses may borrow up to $2 million, with a fixed interest rate not to exceed 3.750 percent (2.750% for nonprofits) with loan terms of up to thirty (30) years under the Economic Income Disaster Loan (EIDL) Program. We…
State of Connecticut Emergency Bridge Loans
The State of Connecticut announced last week that it was making $50 million (doubled from the original $25 million) available for a short-term emergency small business loan program. Businesses with under 100 employees that were profitable before March 10,…