Private-Sector Loan and Grant Opportunities

This resource provides an extensive, aggregate, but not necessarily comprehensive, list of funding sources that may be available to small business owners. Of note, the list flags where a grant program may be targeted at specific historically disadvantaged groups including e.g. Black, Immigrant, Person of Color, or Woman owned businesses.

This information should not be considered comprehensive. This information should not be construed as an endorsement of any specific financial program.

To apply for assistance for your small business, click here.

HEDCO - Minority Business Revolving Loan Fund (MBRLF)

Provides opportunities for minority-owned and/or women-owned entrepreneurs/businesses to gain access to capital in order to start or grow their businesses. Term and line of credit from $10,000 to $100,000.

Site Type
Loan
Tags
Start-ups
BIPOC
Latinx
Women
Eligibility

In operation for at least one year and/or officially registered for at least a year;Physically located and operates in CT;For-profit type of business;Principal(s) and Business current with both, State and Federal Taxes;Principals with 50% or more ownership must not be more than 60 days delinquent on child support

External URL
https://www.hedcoinc.com/hedco-loan-programs
Target Geography
Connecticut

HEDCO - SBA Microlending Program

Assists women, low income, veteran, minority entrepreneurs and other small businesses in need of financing and/or technical assistance. Term loan up to $50,000

Site Type
Loan
Tags
Start-ups
BIPOC
Latinx
Low-Moderate Income
Veterans
Women
Eligibility

Business is officially registered and operates legally;Physically located and operates in CT;Business owner has invested their own time or money into the business;Business cannot get funds from any other financial lender;For-profit type of business;Principals with 50% or more ownership not be more than 60 days delinquent on child support

External URL
https://www.hedcoinc.com/hedco-loan-programs
Target Geography
Connecticut

HEDCO - The Partnership Loan Program for Minority- and Women-Owned Small Businesses in New Haven, Ansonia and Derby

A qualifying small business may apply for a four percent term loan for up to $25,000. This $1.5 million program will be initially allocated to minority-owned and women-owned small businesses based in New Haven and to minority-owned and women-owned businesses located in the Valley.

Site Type
Loan
Tags
BIPOC
Latinx
Women
Eligibility

For-profit business with no more than 20 (full or part-time) employees;Minority-owned and/or women-owned small business (minimum 51% of minority/woman ownership required);Located in the city of New Haven, Ansonia and Derby;In good standing with the Department of Revenue Services (DRS);Conducted business for a minimum of one year

External URL
https://www.hedcoinc.com/hedco-loan-programs
Target Geography
Connecticut

Honeycomb Crowdfunded Small Business Relief Loan

Two types of small business loan relief:
Option 1: Borrow $15,000-$75,000+ in working capital;45 day payment-free period;3.75% interest rate over an initial 6-month interest-only payment period;5% interest rate over a 3-year fully amortizing loan after the interest-only period;No pre-payment penalties.

Option 2: Borrow $15,000-$50,000 in working capital;45 day payment-free period;3.75% interest rate over an initial 6-month interest-only payment period;7.5% interest rate over a 3-year fully amortizing loan after the interest only period.

No pre-payment penalties

External URL
https://www.honeycombcredit.com/relief
Resource Type
Individual Programs (Federal/National and Global)
Target Geography
National