$445,976,506
Total $ Lent to Date
1,904
Total # of Loans
8,442
New Jobs Created
CIC is an economic development lender providing financing and practical guidance to small business owners in Connecticut, Rhode Island, and Massachusetts who have powerful ideas and need more power to grow them.
CIC was founded in 1973 with a simple mission: provide small businesses with the financing and practical guidance they need to succeed. Over the years, we have made over 1,900 loans totaling more than 445,000,000 dollars and helped to create over 8,400 jobs.
We are proud to be a part of the fabric of the communities we serve, and are committed to making a positive impact on the economy.
Powerful Loan Programs
SBA 504 Loans
Whether it is time to buy the building, renovate, invest in large equipment, or build from the ground up, the SBA's 504 loan package is the smartest financing program for entrepreneurs today.
Community Advantage Loans
The missing piece of the puzzle is right here in the CIC Community Advantage loan program. With a maximum loan amount of $350,000, a CA loan is ideal for start-ups as well as existing businesses.
Microloans
Microloans up to $25,000 are just the right size for small business owners looking to start up or expand. This program includes a fast-tracked MicroNOW loan, offering up to $25k in two weeks!
More Borrower Success
Rug Pad USA Partners with CIC and Webster Bank for $10M Purchase
Rug Pad USA manufactures custom-cut pads for carpet, laminate, tile, and other types of flooring. Their products are sold worldwide through their website, as well as through powerhouse e-commerce channels like Amazon and Wayfair. The company had their eye on a 200k square-foot facility in Suffield, Connecticut for their new corporate headquarters and primary manufacturing […]
Now Playing in Guilford!
Congratulations to Deke Haylon on the opening of his second Deke’s Bagels shop! Deke’s first location, in Niantic, opened in 2015 as the very first business to leverage the CIC Community Advantage program. With a business vision as sharp as his talent in the kitchen, it is no surprise that Deke’s business is growing. His […]
Minority-Owned Small Business of the Year
Congratulations to Juan Lantigua, owner and founder of The Family Cake in Providence, Rhode Island, for winning the 2020 Minority-Owned Small Business of the Year award! From the Rhode Island district office of the U.S. Small Business Administration: Juan Lantigua’s path to opening the Family Cake is an uncommon one. Born in the Dominican Republic, […]