COVID-19 Disaster Assist
GOVERNOR LAMONT ANNOUNCES CONNECTICUT BUSINESSES APPROVED TO RECEIVE DISASTER ASSISTANCE DUE TO COVID-19
March 17, 2020 (HARTFORD, CT) – Governor Ned Lamont today announced that small businesses and nonprofit organizations in Connecticut that have been negatively impacted by the global COVID-19 outbreak are now eligible for disaster relief loans of up to $2 million from the U.S. Small Business Administration (SBA).
On Sunday, the governor submitted a request to the federal agency for expedited approval of the disaster relief to immediately provide aid to businesses in Connecticut. Over the past several days, the Connecticut Department of Economic and Community Development (DECD) has been working diligently to survey companies statewide to assess the impact of COVID-19 on the small business community and the local economy.
“Small businesses and nonprofits of all types are experiencing large, sudden drops in revenue while trying to do the right thing and give employees the flexibility they need to take care of themselves and their families,” Governor Lamont said. “One of our priorities is to help them as much we can. SBA disaster relief loans are an important tool that can help Connecticut businesses.”
“The availability of SBA loans is another key piece of a broader set of relief measures the Lamont administration continues to put into place for individuals and our business community,” DECD Commissioner David Lehman said. “Their ability to successfully navigate this health crisis is of vital importance to our economy in the short and long-term. The DECD team will remain proactive and continue to assess the impact of this pandemic and assist small businesses navigate this unprecedented economic climate.”
Small businesses can learn more about the program and apply for financial assistance at www.sba.gov/disaster or call the SBA at 1-800-659-2955.
Small businesses with questions about this SBA loan program or other assistance provided at the state-level can call 860-500-2333 to speak directly with a DECD representative. Businesses can also stay informed on news and guidance related to COVID-19 and its impact on Connecticut by visiting the state’s dedicated coronavirus website at ct.gov/coronavirus.
SBA announces Connecticut businesses now have access to the Economic Injury Disaster Loan program
Click here for Guidance for Businesses and Employers to Plan and Respond to COVID-19
Information for Businesses & Non-Profits Affected by Coronavirus
Loan Assistance: Businesses and non-profits experiencing hardship as a result of COVID-19 can now apply for Small Business Administration (SBA) low-interest loans for working capital of up to $2 million. Log on to https://disasterloan.sba.gov/ela to apply and for additional disaster assistance information. For help with applying call the SBA Customer Service Center at (800) 659-2955, call the CT DECD Business Hotline at 860-500-2333, or email firstname.lastname@example.org. Individuals who are deaf or hard-of-hearing may call (800) 877-8339.
Unemployment Assistance: Employers who are furloughing workers can use the Department of Labor’s shared work program, which allows businesses to reduce working hours and have those wages supplemented with unemployment insurance. For more information click https://www.ctdol.state.ct.us/DOLCOVIDFAQ.PDF
CT Filing Extensions: The Department of Revenue Services has extended deadlines for filing and payments associated with certain state business tax returns. Details are at https://portal.ct.gov/drs