The financing equation FOR OWNER-OCCUPIED REAL ESTATE (MACHINERY AND EQUIPMENT TOO).
A bank or other third party lender finances 50% of the transaction, CIC finances an additional 40% of the transaction through the SBA 504 Program and the borrower injects the final 10% to make the deal work. Available in both Connecticut and Rhode Island.
A NATIONAL ASSOCIATION OF
DEVELOPMENT COMPANIES INITIATIVE
The VetLoan Advantage Program complements the Small Business Administration's efforts to increase SBA 504 loans to veterans by 5% each year for the next 5 years by offering financial assistance.
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.