COVID-19 Business Assistance and Recovery Resources

What assistance is available for local businesses? The Town of Groton Economic Development staff created this list of resources for our local businesses.

 

 

Important Links

Feedback & Questions
digital questionnaire was created by AdvanceCT for all Connecticut small businesses to tell the governor what issues are your greatest challenges today.

CT Recovery Bridge Loan Program
To provide emergency cash flow relief to small businesses and nonprofits negatively impacted by the coronavirus, Connecticut is now offering qualifying organizations with 100 or fewer employees access to no-interest loans. (Due to high demand, acceptance of applications may be temporarily suspended on a periodic basis - see the website for the current status.)
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CT Small Business Development Center (CTSBDC) Business Assistance
CTSBDC Business Resource Center provides continuously updated information relevant to small businesses. Business advisors can help you apply for emergency loans or provide no-cost advice.
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Mentoring & Counseling
Remote business assistance is available from the following organizations:
Women's Business Development Council of Southeastern CT
Southeastern CT SCORE Chapter

Business Resources
The State of Connecticut provides updated information at ct.gov/coronavirus. A dedicated phone line, 860-500-2333, can be used for direct assistance and guidance, or you can send an e-mail to covid19.jic@ct.gov.

CARES Act Financial Assistance
The U. S. Chamber of Commerce created a guide for small businesses describing what they need to know about the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The US Senate Committee on Small Business also created a one-page summary.

U.S. SBA Disaster Loans
Loans of up to $2 million, loan advances of up to $10,000 and Express Bridge Loans up to $25,000 are available from the US Small Business Administration.
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SBA Economic Injury Disaster Loan (EIDL)
To apply for the EIDL, consult with a business mentor (WBDC/SCORE) or you can complete the online application. Applying for SBA's Economic Injury Disaster Loan (EIDL) does not disqualify you from applying for the Paycheck Protection Program (PPP).

Paycheck Protection Program (PPP)
The U.S. Chamber of Commerce created a Small Business Guide and Checklist for this program. To apply for the PPP, contact your business lender or one of Connecticut's participating lenders, or click here to begin an application.

Loan Application Instructions
CT's Community Economic Development Fund has put together a video and detailed instructions showing how to complete the SBA Disaster Loan application.
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Employee Assistance
The CT Department of Labor offers guidance for your employees if you need to temporarily close your business, including how to file for unemployment benefitsFMLA, as well as a reduction-in-work alternative to layoffs, called SharedWork.

Homeowner Mortgage Relief
Participating financial institutions are now offering mortgage-payment forbearances of up to 90 days, which will allow homeowners to reduce or delay monthly mortgage payments.
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Industry-Specific Resources
Connecticut Restaurant Association
Connecticut Lodging Association

CT Manufacturing Innovation Fund Voucher Program
Grants for manufacturers adapting capabilities to respond to shortages of critical medical equipment and supplies.
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U.S. Treasury Department Announces Refundable Tax Credits for Small and Midsize EmployersCT Executive Order 7H Details
Definition of 'essential businesses' exempted from in-person restrictions
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Medical Leave Reimbursement
IRS to provide immediate reimbursement for medical leave costs, including health insurance
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Tax Deadline Extension
For some annual tax returns, filing deadlines have been extended by the Department of Revenue Services by 30 days or more.