What’s New

As you know, the SBA has stepped up in a big way to assist small business owners (and their employees) impacted by the COVID-19 shutdown. Many in CT and RI have taken advantage of SBA loan programs funded through the CARES Act (EIDL and PPP). Despite best efforts to get cash into the hands of […]

 The programs and initiatives in the Coronavirus Aid, Relief, and Economic Security (CARES) Act that was just passed by Congress are intended to assist business owners with whatever needs they have right now. When implemented, there will be many new resources available for small businesses, as well as certain non-profits and other employers. This guide […]

BRIDGE LOANS AVAILABLEThe Connecticut Department of Economic and Community Development (DECD) has finalized their Connecticut Recovery Bridge Loan Program to provide emergency cash flow relief to small businesses and nonprofits that are negatively impacted by the coronavirus. The state has several programs and initiatives in place to assist businesses during this difficult period.For more information, […]

Microloans are ideal for small food businesses, especially start-ups. In the case of Olive & Henry, a microloan from CIC was used to launch the brick and mortar shop that serves as host to an ahhhhmazing list of fine foods, cheeses, baked goods, jams, and more. (Are you hungry yet?!) Olive & Henry will be […]

Many thanks to Congressman Jim Langevin (RI) for the wonderful summer reception at Proclamation Ale Company last night! Congressman Langevin’s office hosted a thank-you reception for the folks who participate in his congressional advisory committees. These committees are made up of Rhode Island business leaders, community groups, and constituents with expertise in each area: veterans, seniors, housing, the food […]

SBA lending in Connecticut increased 8% in total dollars loaned for the fiscal year that ended September 30th. The SBA approved 776 loans consisting of 661guaranteed loans, 64 – 504 loans and 51 microloans for a total of $314 million! (Source: CT SBA) This is great news for small-to-medium sized businesses throughout the state. As banks continue to work with […]

We are super proud to announce that our very own Buck Harris has won the 2018 New England Financial Services Champion award from the regional SBA district office. Read all about it in the Rhode Island Small Business Journal.

“In May of 2017, I attended the National Association of Development Company’s Mid-Year Conference in Washington, DC. Connecticut’s own Linda McMahon had just been confirmed as the Administrator of the SBA, and this was her first appearance before the NADCO membership. As the conference keynote speaker, Administrator McMahon announced that the SBA had plans to […]