Microloan Committee

The Town of Stonington has a micro-enterprise loan program. This program provides financial assistance to qualifying micro-businesses (companies that employ five or fewer employees, one of whom is the business owner).  A micro-loan may be used for a variety of projects, including the purchasing of materials, product packaging, upgrading equipment, improved facilities, and other projects that will help expand or upgrade a business.  Once the town receives your micro-loan application, the form will be reviewed by the Stonington Micro-Loan Committee, who will inform you of their decision within 30 days. For more information, contact the Stonington Town Office at 207-367-2351.