Assistance for Small BusinessesNovember 9, 2020
In the coming days, small businesses and nonprofits impacted by the COVID-19 pandemic will be able to apply for a one-time $5,000 grant through the Connecticut CARES Small Business Grant Program.
Eligible businesses include:
- No more than $1.5 million in annual payroll
- 20 or fewer employees
- Home-based businesses
- For-profit businesses using any type of incorporation, and 501(c)(3), 501(c)(4), 501(c)(6), 501(c)(7), and 501(c)(19) nonprofits
- Sole proprietorships
Funds can be used for payroll, rent/mortgage, utilities, inventory, equipment purchases, and more. Approved applicants are expected to receive funds by the end of the year.
What documents are needed to complete the application?
The goal of the CT CARES grant application is to be straightforward and easy. It is not a loan that needs to be paid back. All applicants will receive funding by December 30, 2020.
Minimally applicants will need, if applicable:
- Social Security number
- Federal EIN number
- State TAX ID number
- Bank Routing Number
Answers to frequently asked questions are available here.
Click here for additional information about the program, including funding priorities, full eligibility guidelines, and office hours for applicants to access assistance with the application process.