Posted by & filed under Connecticut's Small Business Express Lending Program, Small Business Loans and Business Credit.

The Small Business Express Program (EXP) provides loans and grants to Connecticut’s small business to spur job creation and growth and awareness about small business lines of credit.

Small Business Express Program Fact Sheet

Small businesses with operations in Connecticut, registered to conduct business for not less than twelve months, in good standing with all state agencies and with the payment of all state taxes, and employing not more than 100 employees, are eligible to apply.  Priority for available funding will be given to those eligible applicants who (1) are creating new jobs and (2) are within Connecticut’s economic base industries, as defined in Connecticut General Statutes 32-222, including but not limited to: precision manufacturing, business services, green and sustainable technology, bioscience, and information technology sectors.

Effective for new applications received after October 1, 2015: Each eligible small business applicant receiving financial assistance under the Small Business Express Program will be required to retain its contracted employment obligations for a period of twenty-four (24) consecutive months.

Click here to view Frequently Asked Questions

The EXP/Hurricane Sandy Business Relief Program provides grants to Connecticut’s small businesses adversely affected by Hurricane Sandy.

Applying for Financial Assistance

If you need assistance with a business plan, cash flow projections, marketing plan or other business planning documents in order to complete your Small Business Express application, the Connecticut Small Business Development Center (CTSBDC) is available to help. For no-cost confidential business advising services provided to small businesses located throughout the state, visit CTSBDC.com or contact CTSBDC at (855) 4CT-SBDC or CTSBDC@uconn.edu.

The EXP Procedures and Guidelines will assist you in the application process and will answer many of your questions.

To apply to the EXP program, each applicant must complete and submit:

Applicants must be in good standing with the payment of state and local taxes and state agencies. If the applicant has outstanding obligations, these issues must be resolved prior to the submission of the application. The Connecticut Department of Revenue Services can be reached at (860) 297-5962 and the Connecticut Department of Labor can be reached at (860) 263-6000.

Each application package may be transmitted either by

  1. completing the EXP application online and then transmitting the required supporting documents transmitted separately via email, U.S. mail, courier or hand delivery to the DECD, or
  2. completing and including the one-page EXP application with the required supporting documents and transmitting via email, U.S. mail, courier or hand delivery to the DECD.
  3. If your business exports internationally, please fill out the Strategic Export Plan.

All documents and information related to each application should be sent to the attention of:

Michelle Peters
505 Hudson Street
Hartford, CT  06106

If you have any questions, please contact Michelle Peters at 860-270-8052 or via email at Michelle.Peters@ct.gov.

Once all completed materials are submitted, DECD is required to follow a comprehensive due diligence process.

Please note: Applicants who have been denied for substantive issues, excluding DRS and DOL issues, will need to wait at least 12 months before reapplying to the Small Business Express Program. All outstanding concerns identified in the denial must be addressed prior to reapplying to the Program.

Statutory Reference: Connecticut General Statutes Sec. 32-7g, as amended by the June 12 Special Session, 2012, HB-6001

If the Small Business Express Program is not the right fit for you BitX Funding has many funding sources who will compete for your business.

Our loan options are based on the health of your business cash flow not just a credit score. We care about small business and it’s our mission to help you get the funding you need!

Applying is quick and simple, so apply now!



Types of Assistance

  • Revolving Loan Fund, Job Creation Loan Fund, Matching Grant Fund

Eligible Applicants

  • Employ not more than 100 employees
  • Have operations in Connecticut or planning to relocate operations to Connecticut
  • Have been registered to conduct business for not less than 12 months
  • Be in good standing with the payment of all state and local taxes and with all state agencies


  • Economic-based industries
  • Businesses creating jobs
  • Exporting activities

Eligible Expenditures

  • Purchase of machinery and equipment
  • Construction
  • Leasehold improvements
  • Training
  • Working capital
  • Other business-related expenses approved by DECD’s Commissioner

Terms and Conditions

  • Revolving Loan Fund amounts from $10,000 to a maximum of $100,000
  • Job Creation Loan Fund amounts from $10,000 to a maximum of $300,000
  • Matching Grant Fund amounts from $10,000 to a maximum of $100,000
  • Up to 4% interest and maximum 10-year term
  • DECD determines loan terms, conditions, and collateral requirements in a manner that prioritizes job
  • growth and retention
  • Approved applicants will be responsible for all closing costs before state funds are disbursed.

More information here>>

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