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Brightpoint Development Fund Offers Relief for New Haven Small Businesses

New Haven – Mayor McMichael has worked with the City Council and Brightpoint Development Fund to offer relief loans, creating working capital for New Haven small business owners impacted by COVID-19. “I am excited to be able to partner with Brightpoint to offer this loan product to New Haven businesses,” states Mayor McMichael.

Businesses in New Haven are eligible for loan funds up to $2,500 with a 3% interest rate.

Businesses interested in applying should submit a New Haven Revolving Loan application available at mybdf.org, along with the required documents listed on the website. For additional help, call (260) 423-3546 ext. 215 or email bdf@mybrightpoint.org.

Founded in 2010, the Brightpoint Development Fund provides affordable business loans, financial education and housing development services. BDF is a U.S. Small Business Administration (SBA) micro lender and a U.S. Department of the Treasury Community Development Financial Institution (CDFI.)