seCTer has recently received a new allocation of $2 million from the US Economic Development Administration for its Equity Revolving Loan Fund.
Loans up to $500,000 are available and are intended to help those who face challenges securing traditional financing. Businesses owned by veterans, women, minorities, and those who identify as part of the LGBTQ community are given priority consideration during the Equity Loan Fund application review process.
Loan funds issued through this program can be used for a wide variety of needs. Board members and seCTer partners are urged to refer business owners to this program by sharing contact information for seCTer’s Joseph Violette, Business Retention and Expansion Specialist, who can be reached at 860-437-4659 ext. 7 or jviolette@secter.org
