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Connecticut Community Investment Corporation (CIC)

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CIC Lending Logo
  • Economic development small business lender
  • SBA, Community Advantage, and micro-loans
  • Focused on small business success

About

The Connecticut Community Investment Corporation works to support both startups and existing businesses by lending money, both independently and in conjunction with banks. CIC provides loans of up to $250,000, encourages partners to join their effort to foster the growth of small businesses, and assists borrowers with free planning tools.

Who’s it for?

Entrepreneurs and small businesses looking to start or expand in Connecticut and Rhode Island.

Mission

CIC is an engine for economic growth in Connecticut and Rhode Island. Because we are mission-based, we continually reinvest excess income from our SBA 504 Program to support our Community Lending programs that provide opportunity to small businesses, create jobs, and build our local economies.

Resources & Services

Loan Programs

CIC oversees three loan programs: MicroNOW for amounts of up to $15,000, MicroLoans or $15,000 to $50,000, and a Community Advantage program for loans up to $250,000. The organization also offers SBA 504 loans, which have a cap of $5 million.

Planning Tools

Borrowers can take advantage of free planning tools, including templates for business plans, profit and loss, and cash flow projection.

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