Hamden-based Community Investment Corp. has been recognized as the top lender in Connecticut for Small Business Administration 504 loans for the 15th consecutive year.
CIC totaled $24.3 million in combined SBA program activity during the fiscal year ending Sept. 30. The organization provides small businesses with access to capital and business expansion loan programs, along with counseling, training and technical assistance.
The 504 program provides financing for owner-occupied real estate, including renovation or ground up construction, and for machinery and equipment.
In addition to the 504 program, CIC manages the community advantage loan program for borrowers who would not qualify for traditional financing, and microloans up to $50,000 for businesses coupled with consulting services.
“We are grateful for the SBA’s recognition and the faith they have put in our organization to fulfill their mission of providing critical funding to small businesses,” Mark Cousineau, president of CIC, said in a statement.





