2019 Was a Great Year for Connecticut Businesses
SBA lending in Connecticut increased 8% in total dollars loaned for the fiscal year that ended September 30th. The SBA approved 776 loans consisting of 661guaranteed loans, 64 – 504 loans and 51 microloans for a total of $314 million! (Source: CT SBA)
This is great news for small-to-medium sized businesses throughout the state. As banks continue to work with their commercial customers, alternative lenders like Community Investment Corporation, play a key role in the kind of ‘partnership loan programs’ that offer reduced risk to banks while increasing growth opportunities for entrepreneurs.