Mortgage Payment Relief for Individuals & Businesses Impacted by COVID 19
Governor Lamont and Banking Commissioner Perez announce a 90 day mortgage grace period for those impacted. More details are located here.
 New SBA Application
If you applied to SBA prior to Friday, 3/27/20, please call the SBA hotline to verify whether you will need to fill out a new application under the EIDL to access the $10,000 loan advance/grant.
Who do I contact?

Trained professionals are available to guide you through both the SBA Disaster Loan Assistance and State of Connecticut Bridge Loan (when available). They are:






What is available to me right now?
FAQ
Can I apply for both SBA and CT Bridge Loan?
Yes, they were meant to work in tandem. However, due to overwhelming response, the State of CT Bridge Loan program is not accepting new applications at this time.

If I am self employed can I apply for unemployment?
Yes! It is a case by case situation, but please apply as the federal proposals will soon go into effect.

What banks are SBA lenders in Connecticut?

Do I have to apply for the SBA loan in order to access the grant?
Yes.

Can I apply for everything?
Yes, but you can not double dip. If you use SBA for payroll then you cannot access PPP and vice versa.

Can I roll SBA into PPP?
Yes.

If I am denied the SBA loan can I still keep the $10,000 loan advance/grant?
Yes.

Additional Resources

DECD's COVID-19 Business Emergency Response Unit

The Connecticut Department of Economic and Community Development (DECD) has created a COVID-19 Business Emergency Response Unit dedicated to assisting businesses navigate resources and develop new resources. A dedicated phone line is available at 860-500-2333 to provide assistance to Connecticut's small businesses for this purpose.



Please reach out with additional questions and concerns. Stay safe, healthy and wash your hands!

Best,

Julie Nash
Director of Economic and Community Development
70 West River Street
Milford, CT 06460
Phone 203-783-3230
Fax 203-878-7394