CT HB06767

Establishes a disabled veteran business revolving loan fund within Connecticut's Small Business Express program, with $2 million allocated annually from fiscal years 2026 through 2030

Defines eligible businesses as small businesses where more than 50% is owned by veterans with a VA disability rating of at least 30%, and businesses must have been formed for at least 3 years

Loans range from $10,000 to $500,000, with a maximum 4% interest rate and terms up to 10 years, for purposes including equipment, construction, leasehold improvements, relocation, and working capital

Priority given to applicants creating new jobs that will be maintained for at least 12 consecutive months

Department of Economic and Community Development administers the fund, with up to 10% of moneys allowed for administrative costs, and the fund must become self-sustaining within 5 years of establishment