The Black Business Alliance is committed to standing with our community. We are grateful for the minority-owned businesses and individuals who are combating COVID-19 – the healthcare workers or emergency responders as well as those in essential services such as mail delivery, grocery stores, laundry services, and many others.
We understand that minority communities and businesses have been particularly hurt and continue to face enormous challenges due to COVID-19. Many of these are small businesses and sole proprietorships that now, more than ever, need access to the available resources.
More PPP Funds Available
LISC (Local Initiatives Support Corporation), a national nonprofit Community Development Financial Institution with an office in Hartford, is now accepting applications for Paycheck Protection Program (PPP) loans.LISC is offering these loans through its affiliate, immito, a licensed 7a lender, and has capacity to serve minority- and women-owned businesses, veteran-owned businesses and nonprofits in LISC’s service area, including all of Connecticut.
To apply, fill out the following survey. If a business has applied through another lender or if it or an affiliated entity engages in real estate development, lending or other SBA ineligible activities, it is not eligible to receive a loan through immito at this time.
PPP is designed to keep businesses’ workers on payroll and their doors open. If employees are kept on payroll for eight weeks, the SBA will forgive the portion of the loan used for payroll, rent, mortgage interest and utilities. Loans can be up to $10 million and up to 100 percent forgivable.
LISC’s goal is to ensure that all small businesses, especially nonprofits and MWBEs and VBEs, that want and qualify for a PPP loan receive it. Businesses that fill out the survey and meet eligibility criteria will receive technical assistance from LISC/immito. Filling out the survey is not a guarantee of financing, and loans will be available on a first come first served basis. Each applicant is responsible for reviewing the program and eligibility criteria with their board and counsel prior to applying. Additional information on the program will be updated as available at lisc.org/ppp and through email.
Below is a list of resources and loans:
IMPORTANT UPDATES for businesses affected by COVID-1
1. Small Business Administration – COVID-19 Funding (link:)
2. US Chamber of Commerce – Coronavirus Emergency Loans – Small Business Guide and Checklist (Download):
3. Greater New Haven Chamber of Commerce – Grant Assistance for Small Businesses (Up to $5,000) (link:)
4. State of Connecticut Resource Center – Updates (link:)
5. CT Small Business Development Center – Updates (link:)
6. CT Department of Banking – Resources & Updates (link:)
Mortgage Relief (link:):