Connecticut's economy is largely based on the financial services industry, which employs about 12% of the state's workforce. Other important sectors include manufacturing, wholesale and retail trade, transportation, education, healthcare, and government.
This makes Connecticut a great state to do business in. It has a strong economy, with a low unemployment rate and plenty of opportunities for businesses of all sizes. The state also offers a number of incentives for businesses, including tax breaks and funding opportunities.
However, new businesses often have a hard time getting started, and that's where Advancepoint Capital can help. We offer business loans of up to $1,000,000 to help new businesses get off the ground.
How Do I Get A
Small Business Loan in Connecticut?
If you're thinking of starting a business in Connecticut, the first step is to get a small business loan. This will give you the capital you need to get your business up and running. But if you don't have good credit, it can be difficult to get a loan. That's where Advancepoint Capital comes in.
We specialize in helping businesses of all sizes get the financing they need. We offer loans of up to $1,000,000, and we work with businesses of all credit levels. So if you're looking for a small business loan in Connecticut, we can help.
Get in touch with us today to learn more about our business loans and how we can help you get the funding you need to build your business.
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U.S. Small Business Administration
Start, Grow, and Expand your Business
View the Connecticut Small Business Resource Guide for information and assistance in growing your local business, exploring funding options, and contracting in Connecticut.
U.S. (SBA) U.S. Small Business Administration
Hartford District Office
Find local assistance
The List of the Most Common Reasons Why Connecticut Businesses Need Small Business Loans
The most common reasons Connecticut business owners use a loan:
- Working Capital Needs
- Equipment Purchase and Repair
- Access Capital for Inventory
- Business Development and Growth
- Cash Flow Shortages
- Emergencies
- Advertising/Marketing/Customer Acquisition Resources
- Create jobs, Recruitment of Employees and Training Resources
- General Business Needs
Initiatives, Government Financing Programs, Coronavirus (Covid-19) Relief Options, Information, Updates, Resources, and Grants in Connecticut for Small Business
Connecticut Department of Economic and Community Development (DECD) – The Office of Small Business Affairs connects business owners with resources that can help spark growth or ease relocation. So whether you’re looking for financing, technical assistance, or just a single point of contact to help you navigate the breadth of services available from federal, state, public/private, and nonprofit organizations, we encourage you to contact the DECD Office of Small Business Affairs.
Connecticut Department of Economic and Community Development – Small Business Express – The Small Business Express program provides an array of financing options and resources to fuel your progress, whether you need an equity investment, capital purchase, or working capital. Through state programs, small businesses can access direct funding from the Department of Economic and Community Development (DECD) and Connecticut Innovations (CI). In addition, Connecticut has a network of local and regional revolving loan funds and a host of business development services.
Types of financial assistance and business development:
Revolving Loan Fund (from $10,000 to a maximum of $100,000)
Job Creation Loan Fund (from $10,000 to a maximum of $300,000)
Community Economic Development Fund (CEDF) – Business Loans – The Community Economic Development Fund or CEDF is a mission-driven, nonprofit, Connecticut economic development organization that provides business loans in disadvantaged communities defined by the state. In other Connecticut municipalities, we lend to business borrowers with household incomes below the state median. CEDF provides term loans up to $250 000, owner-occupied commercial real estate loans up to $500,000, and credit lines up to $250 000. We understand that the needs of each business are unique. CEDF’s goal is to help structure the best funding solution for your business. CEDF also offers business education workshops and seminars.
Get Started Today
AdvancePoint Capital makes the loan application process a simple, straightforward experience.
