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The original item was published from 4/9/2020 1:13:07 PM to 5/24/2020 12:00:03 AM.

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Economic & Community Development News

Posted on: April 9, 2020

[ARCHIVED] 04/09/20: Important Update from WBDC: Announcing COVID-19 Business Line of Credit

Trumbull Economic Development

Women’s Business Development Council is here to help you assemble your application package.

Introducing Connecticut’s newest initiative to support women-owned and minority-owned small businesses impacted by COVID-19

The Hartford Economic Development Corporation (HEDCO) in partnership with the State of Connecticut and the CT Department of Economic & Community Development (DECD) are offering minority-owned and women-owned small businesses negatively impacted by the coronavirus pandemic a zero-interest Line of Credit of up to $20,000 that is potentially forgivable.

Eligibility:

  • A for-profit business with no more than 20 employees (full time or part time)
  • A minority-owned and/or woman-owned small business (minimum 51% of minority/woman ownership required)
  • Conducting business for at least 6 months
  • In good standing with the Department of Revenue Services

Application Details:

  • 1-Page Application
  • 2019 Profit and Loss Statement
  • 2020 Year-to-Date Profit and Loss Statement
  • 3-month Projected Cash Flow Statement

Contact Kenyétta Banks at 203-751-9877 or kbanks@ctwbdc.org to learn more about the program and book a no-cost, 1:1 counseling session to work on your application.  - Download Application   

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