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.
Contact us for a consultation
If the bank is not an option for you at this time, please contact us to schedule a consultation.
Complete a loan application
A complete loan application will include:
Complete the application with this PDF.
Need help? CIC staff is here to help you with your application.
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.
Kiva Zip Loans: Kiva Zip Loan endorsements are made in the same time period and then the borrower begins the crowd-funding process on the Kiva Zip platform. CIC will work with entrepreneurs to plan their crowd-funding campaign during the review process.
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 to get started.