Coronavirus Update: Recovery Bridge Loans for CT Businesses

Coronavirus Update:

Recovery Bridge Loans for CT businesses

The state's Department of Economic and Community Development (DECD) has created a $25 million short-term loan program for Connecticut businesses that are struggling as a result of the COVID-19 crisis. These interest-free loans of up to $75,000 are available to businesses that employ no more than 100 people, and they must be repaid within a year. A six month extension may be granted upon request.

For more information on the program, eligibility requirements, the application process, and a Q&A document, click here.

To complete an application, click here.

Resources
As a reminder, these are the best resource pages from our federal, state and local governments, which are updated regularly:

Centers for Disease Control & Prevention (CDC): Click Here
State of Connecticut Web-Portal: Click Here
FAQ Document from the Governor's Office: Click Here
Borough of Naugatuck: Click Here

As always, I will provide more updates as I receive new information. Please reach out to me if you have questions or concerns about our state and local response to the novel coronavirus (COVID-19), or any state government matter. I am more than happy to speak with you directly, provide more information if possible, and to serve as a resource for you and your families.

Email: Rosa.Rebimbas@housegop.ct.gov

Warm regards,

State Representative Rosa C. Rebimbas
70th General Assembly District
Naugatuck