Business Assistance and Relief
Find several options here to help your business grow and recover from the impacts of the COVID-19 pandemic in Connecticut.
Paycheck protection program loan forgiveness
Are you a PPP borrower? You may qualify for loan forgiveness if you used 60% of your funds on payroll expenses and 40% on non-payroll expenses.
CT Manufacturing Innovation Fund Voucher Program
To help keep pace with state-of-the art product development and manufacturing technology, the Manufacturing Innovation Fund Voucher Program provides companies with access to capital to help them obtain new equipment and the expertise they need to become more efficient, productive, and competitive.
- SBA Loan Types for Disasters
- Tax help for your business, provided by DRS
- Business interruption insurance
- Medical leave cost reimbursement
- CT Next Resource Wizard
- CT Innovations
- CIC Lending
Learn about the different types of SBA loans for disaster relief such as EIDL (Economic Injury Disaster Loans) for small businesses and non-profits, physical damage loans, mitigation assistance loans (i.e. for operating expenses), the military reservist loan (i.e. to compensate for employees who leave for active duty) as well as SBA guaranteed business loans (e.g. 7(a), 504 loans and micro loans).
Learn more about tax fillings for your business, deadlines, your rights as a taxpayer, forms you will need and more
You don't actually need business interruption insurance to help your business recover during the COVID-19 pandemic. Learn more about this insurance which covers physical property damage that upsets and interrupts your normal business operations.
Learn more about IR-2020-57 and how you can earn valuable tax credits for providing sick and family medical leave. during the COVID-19 pandemic, including paid time off for receiving or recovering from COVID-19.
Explore more funding options using the CT Next Resource tool. Learn if you qualify for angel investments provided by private, accredited investors and more for scalable companies. Also learn how your business can receive help at different phases (e.g. Idea, Planning, Build, Validated, Invest and Scale)
Does your business qualify for help from CT Innovations? Learn more about this support resource for financing through flexible loan options and more, connecting entrepreneurs with venture capitalists and angel investors.
From micro loans to multi-million dollar commercial loans, CIC Lending provides guidance and financial expertise to help promising startups fund their ideas