SBA Extends the Community Advantage Loan Program
Big news coming from Washington today! U.S. Vice President, Kamala Harris, and SBA Administrator, Isabella Casillas Guzman, have announced the renewal and expansion of the Community Advantage loan program, making it effective through September 30, 2024. That’s an additional two years beyond the pilot program’s initial schedule. “America’s mission-driven lenders have been a critical partner […]
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So Much More Than 504
The 2021 SBA Award Results are In! #1 Community Advantage Lender in Connecticut #1 Microlender in Rhode Island CIC is proud to announce that we’re the recipient of two hard-earned awards in Community Lending for 2021. While our SBA 504 loan portfolio is one of the largest in New England, Community Lending goes hand-in-hand with […]
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Welcome, Jamie Welch!
Assistant Vice President, Loan Officer Jamie Welch, our newest Loan Officer, joined Community Investment Corporation in September 2021. Prior to joining our team, Jamie was with Newtown Savings Bank, where she served as a Credit Analyst II. During her time with Newtown Savings, she helped analyze, prepare, and present key loan information to senior management and […]
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Community Investment Corporation Selects Louis Silva to Succeed Mark Cousineau as President
JULY 30, 2021 HAMDEN, CONNECTICUT – CIC Board of Directors has named Louis Silva to succeed Mark Cousineau as leader of the multi-state economic development lending organization. Mr. Silva will assume the role as President on August 2, 2021, having served as Vice President in the organization for the past three years. “Louis showed leadership […]
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Career Opportunity
Commercial Loan Officer CIC has an opening for an energetic self-starter with commercial lending experience who is willing to learn the intricacies of U.S. Small Business Administration (SBA) loan programs and other loan programs offered by CIC; is focused on quality customer service; and is flexible in his/her approach to working with lending partners and […]
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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 […]
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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 […]
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$3.5 Million EDA Fund for COVID19 Relief
Community Investment Corporation is pleased to announce the availability of a new loan program targeted for small businesses. CIC received a nearly $3.5 million grant to provide loans to assist in the recovery of Connecticut businesses in Fairfield, New Haven, Litchfield, and Hartford counties. These funds, from the Economic Development Administration (EDA) at the U.S. […]
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