# Small Business Loans in Connecticut

> Connecticut packs a dense, high-value economy into a small footprint, from Hartford's insurance and financial-services cluster to the bioscience and shipbuilding corridors around New Haven and the southeastern coast. Hoss Capital connects Connecticut owners in Bridgeport, New Haven, and Hartford with funding partners that actively lend across the state.

## Key takeaways
- Connecticut's Public Act 23-201 (effective July 1, 2024) requires state-prescribed disclosures on sales-based financing of $250,000 or less and requires providers and brokers to register with the Department of Banking.
- The law also bars prejudgment-remedy waivers and gives recipients a three-day window to review a specific offer before it can be pulled or changed.
- The high-value economy spans insurance and finance, advanced manufacturing and aerospace, biosciences, and defense shipbuilding across all eight counties.

## Funding the Connecticut economy

Connecticut may be small, but it is one of the wealthiest and most
productive states per capita in the country. Hartford anchors a globally
significant insurance and financial-services cluster, New Haven blends a
world-class university with a growing bioscience scene, and the southeastern
coast and Naugatuck Valley support advanced manufacturing, aerospace, and
defense shipbuilding. That mix creates steady demand for capital — to buy
equipment, bridge contract timelines, and manage some of the highest operating
costs in the Northeast.

### Industries we fund across Connecticut

- **Advanced manufacturing & aerospace** — equipment loans and lines of credit
  for precision shops and suppliers in the Naugatuck Valley and Greater Hartford.
- **Healthcare & biosciences** — practice financing and build-outs in New Haven
  and Fairfield County.
- **Construction & trades** — lines of credit and equipment financing to manage
  project timelines and material costs across dense, expensive metros.
- **Restaurants & hospitality** — working capital and revenue-based financing
  for Main Street businesses in Bridgeport, Hartford, and along the shoreline.
- **Professional services** — short-term working capital for the state's large
  base of consulting, legal, and financial firms.

### What Public Act 23-201 means for you

If you're weighing a merchant cash advance or other sales-based financing in
Connecticut, the state now requires providers to hand you a standardized
disclosure form for offers of $250,000 or less — making it far easier to
compare the real cost of competing offers. Providers and brokers also have to
register with the Connecticut Department of Banking, and the law gives you a
three-day window to review a specific offer before it can be pulled or changed.
Hoss Capital only works with partners who operate transparently.

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Canonical: https://hoss-capital.pages.dev/locations/connecticut/

Sources:
- https://www.cga.ct.gov/2024/sup/title_36a.htm
- https://portal.ct.gov/dob/legislation/legislation/2023-banking-and-related-legislation
- https://portal.ct.gov/-/media/dob/consumer-credit-division/commercial-financing-guidance-8-1.pdf
- https://www.sba.gov/district/connecticut
- https://www.mayerbrown.com/en/insights/publications/2023/07/connecticut-and-florida-join-the-fray-enact-commercial-finance-disclosure-laws