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    The Connecticut Small Business Boost Fund gives small business owners access to flexible funding for capital expenditures and working capital and connects them with support services. It’s a personal, equitable approach to lending, because business owners are more than just numbers on a spreadsheet. Small businesses and nonprofits can borrow between $5,000 and $500,000 depending on eligibility and need, and can choose how they spend the money — on equipment, payroll, utilities & rent, supplies, marketing & advertising, eligible refinancing, building renovations and other expenses. Loans are not forgivable. Businesses will need to pay back the full amount of the loan with interest over a 60- or 72-month term.

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    Other Services from HEDCO Inc

    Business Development Technical Assistance Business Development Services from HEDCO - Free!
    Business Development Technical Assistance Starting a new business in Connecticut can seem like a daunting task. HEDCO is here to help walk you through it with our step-by-step guide. We go into even more detail for each step with tutorials and examples of all the forms and documents you may need to supply. Overwhelmed? Give us a call. We’re here for you!
    HEDCO DECD Small Business Grant The Partnership Loan Program for Minority- and Women-Owned Small Businesses in the cities of New Haven, Ansonia, Bethany, Branford, Cheshire, Derby, East Haven, Guilford, Hamden, Madison, Milford, North Branford, North Haven, Orange, Oxford, Seymour, Shelton, Wallingford, West Haven, Woodbridge​HEDCO, Inc.