Lending Power | Loan Programs & Leadership for small business


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CIC provides expertise in every step of the MicroLoan process:



CIC business counselors review the borrower's business plan, analyze the assumptions and offer feedback for improvement. There are helpful tools available to create a business plan.


CIC business counselors walk borrowers through the application to ensure that the paperwork is accurate and complete.  The loan application for our Community Lending Programs, including MicroLoan, is available online.


CIC in-house underwriters assess the risks to help a borrower decide whether to move forward with a business plan.


CIC loan officers present the loan to our Board of Directors for approval. Once approved, the borrower is typically only a few weeks from closing on the loan.

Borrowers can minimize delays by providing the following information:

  • Application Package
  • Business Plan for a start-up business
  • Marketing Plan for an existing business
  • Statement on the use of funds (Sources & Uses)
  • Business Tax Returns for the past 2 years
  • Interim Financial Statement no older than 90 days (can be done in-house)
  • 12-Month Cash Flow and Profit & Loss Projections
  • Personal Financial Statements and Personal Tax Returns for the past 2 years for principals with 20% or more ownership

Download the helpful planning tools that can get you started.

Leadership After The Loan

With CIC’s loan expertise and leadership, borrowers get the tools they need for long-term business success and stability. After a borrower receives a MicroLoan, CIC business counselors provide:

  • Ongoing assessment of the financial health of the business
  • Guidance in the formulation of a three-year plan
  • Support in the creation and execution of an action plan to reach business goals

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.