1. Seek financing through a local financial institution
CIC Microloans are an alternative source of lending. We encourage all entrepreneurs to seek financing from their bank. A relationship with a local bank has many advantages for your business. If you need assistance with this, please contact us.
2. Contact us for a consultation
If the bank is not an option for you at this time, please contact us to schedule a consultation.
3. Complete a loan application
A complete loan application will include:
4. Complete the application with this PDF.
Need help? CIC staff is here to help you with your application – contact us.
5. Complete the review process
Once your application is submitted, a loan officer (CIC Staff) will review it and meet with you get questions answered. A loan review committee will review the proposal and make the formal recommendation to CIC’s Board of Directors on the loan. Assuming a complete loan application is received and all questions are answered in a timely manner, a decision on the loan will be made in 4-6 weeks.
6. Loan approval and closing
If your loan is approved, you’ll receive a commitment letter with any conditions attached to the loan. Once you met those conditions, a closing will be scheduled where you’re sign loan documents and receive funds.
CIC staff is available for assistance throughout the process. Please contact us if you have questions or need assistance.