Creative Financing for Small Business
Posted on by Erron Smith
Small business entrepreneurs are the engine that powers economic development across Connecticut’s communities. In this episode of CERCONOMY, Mark Cousineau, the president of Community Investment Corporation, joins CERC’s Erron Smith to share how CIC Lending provides creative financing options to small business borrowers, and is an agent for economic development in Connecticut.
Mark provides an outline of the various funding sources available - what they can be used for - and how CIC Lending partners with traditional lenders to support small businesses across the state with long term, fixed rate loans for business expansions through real estate purchase and improvements, as well as, machinery and equipment purchases.