Mayor Michael Pavia has announced a follow up workshop in his current Small Business Advantage Series will take place this Wednesday, May 16th at the Stamford Government Center. The City of Stamford together with the Stamford Chamber of Commerce, The Fairfield County Business Council and the Community Economic Development Fund (CEDF) will present the State's new Small Business Loan Program.
This program is administered by the Department of Economic and Community development. It provides up to $250,000 in loans for businesses with 50 or fewer employees.
"In today's economy, many small business owners lack access to capital to start and/or grow their businesses," stated Donna Wertenbach, President and CEO of CEDF. "This program provides the flexibility and very reasonable 4% interest rates that are critical to small businesses."
The workshop will take place form 5:30-9:00 p.m. on the 4th floor. Loan officers will be on hand to answer questions and help those interested with filling out applications.
Mayor Pavia held a press conference in January to announce how the city planned to promote Governor Dannel Malloy's $100 million loan pool. To read more about the loan program or watch footage of the press conference click here.