Frequently Asked Questions (FAQs)

504 loans provided by CIC:

• Require a lower down payment (as low as 10%)
• Offer a fixed, below-market interest rate
• Enable a client to afford the financing they need to buy or build
• Allow a client to keep more cash for business expansion and cycles
• Offer a lower, more predictable occupancy cost with a real estate purchase

• CIC is the #1 SBA 504 Lender in Connecticut
• Makes more than twice as many loans each year than the closest competitor
• Has a strong reputation for putting the customer first and getting the deal done, quickly and efficiently
• Works closely with real estate and finance professionals to help borrowers receive long-term, fixed-rate financing
• Believes in growing small businesses to create new jobs and build communities across Connecticut and Rhode Island

CIC is a liaison with the SBA, helping lenders and borrowers navigate the paperwork and approval process by:

• working alongside the borrower and his/her team of professionals in structuring the project
• preparing the small business loan application while monitoring and managing the process through closing
• servicing all aspects of the SBA 504 loan for the entire term of the loan
• positioning CIC as the partner's specialized small business lending division