SBA 504 Loans
LONG-TERM, FIXED-RATE LOANS FOR MAJOR ASSETS AND REAL ESTATE (CT and RI)
Get up to 90% financing with a minimum of 10% down.
Found that perfect building, but your banker says you need 20% percent down? Can’t afford the down payment, renovation expenses, soft costs and still have enough working capital? Conserve capital with an SBA 504 loan and enjoy up to 90% financing.
Community Advantage Loans
LOANS UP TO $250,000 FOR UNDERSERVED COMMUNITIES & START-UPS (CT and RI)
Community Advantage borrowers are not quite ready for traditional financing for a variety of reasons, but have the character and experience needed to be successful. This loan program focuses on providing opportunity where opportunity may be limited.
SMALLER LOANS WITH MORE FLEXIBility (CT and RI)
-A great low cost alternative to on-line lending sources!
MicroLoans may be the only reasonable option for the borrower with few assets or the borrower looking for start-up financing. MicroLoans also fill the gap for businesses looking for a loan that’s just too small to interest a traditional lender.
A SPECIAL OPTION FOR QUALIFIED BORROWERS (CT only)
Defense Loans were created in response to cutbacks in the defense industry in the 1990’s. To qualify, a business must meet specific criteria and be located in:
All CIC programs are extended to the public on a non-discriminatory basis. Reasonable accomodations for persons with disabilities will be made if requested one week in advance by calling 203.776.6172 ext 120.
CIC is an economic development lender contributing financial expertise and practical guidance to small business entrepreneurs in Connecticut and Rhode Island who have powerful ideas and need more power to grow them.