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Connecticut’s Small Business Express Lending Program

Small Business Express Lending Program

The Small Business Express Program (EXP) provides loans. And grants to Connecticut’s small businesses. To increase job creation, 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 paying all state taxes. Employing not more than 100 employees are, therefore, eligible to apply. 

In other words, eligible applicants who (1) are creating new jobs. (2) are within Connecticut’s economic base industries. 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 are given the funding.  

Effective for new applications received after October 1, 2015. Each eligible minor business. An applicant receiving financial assistance. Under the Small Business Express Program. Therefore, it is required to retain its contracted employment obligations for twenty-four (24) months. 

Click here to view Frequently Asked Questions.

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

Applying for Financial Assistance 

Suppose you need assistance with a business plan. Then, cash flow projections and marketing plan. Or other business planning documents to complete for application. The CTSBDC is here to help.

For accessible, confidential business advising services. Visit You can also contact CTSBDC at (855) 4CT-SBDC or [email protected].

To apply to the EXP program. Each applicant must complete and submit:

    • First, a Small Business Express Program application form.
    • Second, a Financing Plan and Budget form.
    • Third, a Schedule of Existing Employees and DOL Release.

Applicants must be in good standing with the payment of the state. And local taxes and state agencies. However, if the applicant has obligations, he must resolve these first before applying. 

Call, the Connecticut Department of Revenue Services at (860) 297-5962. To reach the Connecticut Department of Labor. Call at (860) 263-6000.

In Addition, each application package may be transmitted either by:

  1. Completing the EXP application online. Then transmitting, the required supporting documents are sent separately via email. U.S. mail, courier, or hand delivery to the DECD.
  2. Completing and including the one-page EXP application. With the required supporting documents. Transmitting via email, and options above.
  3. If your business exports internationally. Please fill out the Strategic Export Plan.

If you have any questions, please contact Michelle Peters at 860-270-8052. Email at [email protected]. Next, after the completed materials are submitted. DECD is required to follow a comprehensive due diligence process.

However, all denied Applicants who have substantive issues will need to wait at least 12 months before reapplying to the Small Business Express Program. Address all concerns before reapplying to the Program; however, if the applicant has obligations. Then he must resolve these first before applying.

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

Suppose the Small Business Express Program is not the right fit for you.

In that case, BitX Funding has many funding sources that will compete with your business.

In conclusion, we base our loan options on the health of your business cash flow, not just a credit score. However, if the applicant has obligations, these must be resolved before applying. We care about small businesses. It’s our mission to help you get the funding you need!

Applying is quick and straightforward, so apply now



Types of Assistance

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

Eligible Applicants

The employer should have less than one hundred employees.

Second, they have operations in Connecticut. Or currently planning to relocate operations to Connecticut.

Third, they recently registered to conduct business for not less than 12 months.

Fourth Should be in good standing with the payment of all state and local taxes and with all state agencies


1. Economic-based industries

2. Businesses creating jobs

3. Exporting activities

Eligible Expenditures

1. Purchase of machinery and equipment

2. Construction

3. Leasehold improvements

4. Training

5. Working capital

6. Other business-related expenses approved by DECD’s Commissioner

Terms and Conditions

1. Revolving Loan Fund amounts from $10,000 to a maximum of $100,000

2. Job Creation Loan Fund amounts from $10,000 to a maximum of $300,000

3. Matching Grant Fund amounts from $10,000 to a maximum of $100,000

4. Up to 4% interest and a maximum 10-year term

5. However, if the applicant has obligations, he must resolve these before applying. 

For more information on mid- and long-term loans. Contact BitX Funding by phone, email, or by filling out the form below.


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