July 20, 2023
Since January, seCTer has approved $1,969,000 in loans to seven businesses from Stonington to Moosup and Old Saybrook that provide a wide variety of goods and services including seafood, metal fabrication, craft beer, HVAC equipment, hobby supplies, home heating oil delivery, survival training, and personal training/fitness.
These include five Boost Loans funded by the Connecticut Small Business Boost Fund, which provides working capital primarily to women-owned and minority-owned businesses and those located in low-income areas. Two of the loans are internal seCTer loans. We have closed five of the seven loans, totaling $1,394,000.