CIC COVID-19 Emergency Loan Success Story!
In mid-March, as our country was facing the unprecedented reality of rapid closure to ensure public safety the Community Investment Corporation loan team understood exactly what that meant for small businesses, revenue loss that could potentially lead to permanent closure.
Within days the CIC team developed the COVID-19 Emergency Microloan product and began offering access to two community-backed loan products, one from Kiva Tucson and one from Wefunder, each designed to bridge small businesses through the unknown future.
In addition, CIC invested $200,000 of our loan portfolio to support these small businesses either for the $10,000 microloan product or the help businesses reach a time-sensitive community-backed loan goal.
5 Points Market received a CIC COVID-19 Emergency Microloan and we are thrilled to have had this offering make all the difference to the business.
5 Points Market
"Emergency funding from CIC gave us a chance to breathe for just a moment and decide which direction we should go with 5 Points at the onset of the pandemic. The emergency loan ensured we could afford payroll and keep our staff insured while we formulated a plan to navigate this crisis and keep our community safe and healthy." Brian Haskins, Owner 5 Points
“Our local food systems are important. Each dollar that restaurants take in supports farmers, producers, growers, employees, servers, dishwashers, cooks, and chefs. During this crisis, we are trying to move it into the hands of the people in our community who are really important to us.”
About 5 Points Market:
Innovative Food Locally Sourced Beyond Delicious
5 Points Restaurant & Market serves innovative, made-from-scratch cuisine using fresh, locally sourced ingredients. Their globally inspired menu offers fresh, healthy options for breakfast and lunch, as well as delightful sweet treats and coffee drinks.
5 Points Restaurant & Market supports our community by sourcing local, organic meats and vegetables for all of their dishes. Juices are made fresh to order, in season fruit is certified organic and grown in Arizona, famous Huevos Rancheros are made with local eggs and local corn tortillas.
Every dish is a masterpiece of good healthy quality ingredients, a masterpiece of presentation, and a masterpiece of flavor. Brian and his team welcome you to savor Tucson farm to table with a flare.
LEARN MORE ABOUT 5 POINTS RESTAURANT & MARKET:
https://www.5pointstucson.com/
https://www.facebook.com/5pointstucson/
