| DECD Announces Connecticut Recovery Bridge Loan Program |
The emergency relief funding for nonprofits and small businesses impacted by the Coronavirus has been launched. The Connecticut Recovery Bridge Loan Program will provide short-term loans to businesses and nonprofits with fewer than 100 employees. 0% interest for up to 12 months. Under this $25 million program, they can borrow up to $75,000.
DECD will administer the program with administrative and underwriting support from Connecticut Innovations. The one-page application, as well as the approval criteria and other important information, can be found on the DECD website.