SBA Microlending Program

Program funded by the Small Business Administration. State Wide Funding

The SBA Microloan Program assists women, low income, veteran, minority entrepreneurs and other small businesses in need of financing and/or technical assistance.

  • Type of Loan: Term
  • Amount: Up to $50,000
  • Interest Rate: Fixed - starts at 4%
  • Loan Maturity: Up to 6 years

Pre-Requirements to obtain a loan through this program:

  1. The business is officially registered as such and operates legally.
  2. The business is physically located and operates in CT.
  3. The business owner has invested their own time or money into the business.
  4. The business cannot get funds from any other financial lender.
  5. Must be a For-Profit type of business.
  6. Principals with 50% or more ownership must not be more than 60 days delinquent on child support.
To apply for this program, please click here.