Small Business Loans in New Haven, CT
Build your entrepreneurial legacy in New Haven, CT with funding from Pursuit.
A Bright Future for Connecticut's Business Landscape
Starting or growing your business in New Haven, CT is a smart choice. With the city’s Ivy League reputation, its diverse workforce, and its access to major highways, train lines, and the Long Island Sound, there are many opportunities for success.
You can start an online application with Pursuit today to begin funding your ambition!
Pursuit is approved to offer SBA loan products in New Haven, CT under SBA’s Preferred Lenders Program & SBA Express Program.
New Haven, CT businesses with funding from Pursuit since FY2023.
Funding Businesses in New Haven, CT and Beyond
Pursuit entered the New Haven community in 2022 through the Connecticut Small Business Boost Loan Program, but you’ll find decades of small business lending experience when you work with our expert team. From working capital to equipment financing and more, Pursuit offers a range of loan options to support nearly any business need.
Whether you’re starting a restaurant to enter the famous New Haven pizza scene, opening a gallery to support the local art community, or joining the growing ranks of healthcare and tech companies, you’ll find support from Pursuit to keep reaching higher.
- "The loan process was seamless and easy, and my Pursuit team was great."
- "We wanted to invest in the business and the Boost Fund offered a loan with a good rate, so we went for it.”
- "The financing terms were great, but it was our Pursuit team that made the experience excellent, from start to finish.”
Business Loan Programs in New Haven, CT
Frequently Asked Questions
There are a wide variety of business loans available in New Haven! If you already have a business banking relationship, that’s the best place to start your search. Conventional bank financing offers great rates and terms for your business! If you need some other options, look at SBA lenders in New Haven, like Pursuit, and Community Development Financial Institutions (CDFIS) with affordable, responsible financing options that will keep your business growing. One program you should explore if the Connecticut Small Business Boost Fund, which offers up to $500,000 at a fixed, 4.5% interest rate.
Each lender and program has its own qualification criteria, but there are some pieces that are fairly standard across the board. For one, lenders look for a good personal credit score, so it’s important to review your credit report before you apply to check for any errors. It’s also helpful to show that you have experience in your business’s industry and positive or break-even cashflow. Depending on your lender and the program that fits your needs, you may also need to meet requirements for your location and number of employees.
It depends! Depending on how complex your financing project is, it may take more time to get approval. Simpler requests might take as little as a week or a few days. Ask your lender what the typical timeline is during the application process so you know what to expect. The best way to keep your application moving forward is to submit complete and accurate information, and to be responsive to any additional questions from your lending team.
Yes! New Haven is a great place for startups and there are small business loan options available to support startup expenses. The SBA 7(a) loan program is a great and popular option for startups and you can apply for up to $350,000 through the program with Pursuit.
Yes! Lenders in New Haven and through Connecticut offer programs like the SBA 504, SBA 7(a), and SBA Microloan programs. At Pursuit, you can access SBA financing through the SBA 7(a) and SBA Microloan programs, and you may be eligible for Pursuit’s no-cost Business Advisory Services, too!
