|Mar 26 2020||
CT Recovery Bridge Loan Program for Small Business
By: Rob Lynn
UPDATE FOR EMPLOYERS WITH EMPLOYEES IN CONNECTICUT
Connecticut just passed a Recovery Bridge Loan Program for small businesses, providing three months of operating expenses up to $75,000. These loans will be interest free and have a 12-month term, with a 6-month extension available upon request.
To be eligible, the small business must meet the following requirements:
To apply click on go to the DECD website (see URL below) and access the application on line.
The following information will be required for the application
Once completed, the application may be emailed to firstname.lastname@example.org
We hope that you found this information beneficial. If you have any specific questions on the Recovery Bridge Loan Program, please utilize the information on the DECD website or contact your CPA for guidance. As always, if you have any questions regarding state and federal changes to employee payroll and benefit administration, please call John Morlock at 800-836-9678, ext. 5.
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