The U.S. Small Business Administration has always played an important role helping employers in Connecticut access capital.
But the federal agency arguably had its most significant impact over the last year, unveiling several new or expanded programs that provided financial lifelines for companies hit hard by the pandemic.
In Connecticut alone, for example, more than 64,000 businesses last year received $6.7 billion in potentially forgivable loans from the Paycheck Protection Program. That number only continues to rise in 2021 as the program enters its last month in operation.
Amid all that flurry of activity, the SBA’s Connecticut District Office quietly got a new leader.