Grants and Loans for Your Business
Learn about the variety of grants and loans available for your business, through WBDC and beyond. We provide free counseling to help you apply for these funding opportunities.
The Office of Early Childhood (OEC) Child Care Program Stabilization Funding
Stabilization funding will support COVID-19 related expenses and continued operations of licensed child care programs (DCCC, DCGH, DCFH) and licensed-exempt programs serving Care 4 Kids families (DCEX). WBDC is partnering with the OEC to offer business training and counseling to help providers apply for funding and manage the funds effectively once received.
WBDC Emergency Relief Grant
This grant program is designed to help licensed child care providers cover operating expenses to keep their business open through the pandemic.
WBDC, in partnership with the Connecticut Office of Early Childhood (OEC) and the Connecticut Governor’s Workforce Council (GWC), provided emergency relief grants between $6,500 and $50,000 to qualified OEC-licensed child care providers suffering severe revenue shortages as a direct result of the COVID-19 pandemic. Grants were designed to help cover immediate business expenses for businesses most in jeopardy of closing in the next 60 days.
This program is now closed, but stay tuned for additional grant opportunities coming this summer!
Learn about the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program.
The Paycheck Protection Program (PPP) provides loans to help businesses keep their workforce employed during COVID-19 by covering payroll costs and other expenses. This PPP loan may be forgivable if you spend at least 60% of the funds you receive on payroll, and if you received PPP in 2020, you may still be eligible. The deadline to apply for this program is May 31, 2021, but only a few Community Financial Institutions serving underserved communities are still accepting applications! These lenders are: The Enterprise Center, and Leader Bank.
The Economic Injury Disaster Loan (EIDL) program provides economic relief to small businesses and non-profit organizations that are currently experiencing a temporary loss of revenue due to COVID-19. Funds can be used to cover working capital and normal operating expenses, such as continuation of health care benefits, rent, utilities, and fixed debt payments. We provide counseling to help you understand and apply for both of these programs.
Schedule an Appointment
Or call (203) 751-9550 option 4 to book your session.