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.
Film Creations received a CIC COVID-19 Emergency Microloan and we are thrilled to have had this offering make all the difference to the business.
Film Creations, Ltd.
"CIC came through with some funding which gave us some breathing room, and just knowing there were local people who were willing to help me get through this incredibly challenging time was a real validation." Rick Rose, Founder and CEO, Film Creations, Ltd.
“After 40 years in business, the pandemic shutdown made me feel like I was running 60 miles an hour toward a brick wall. I didn’t know which way to turn and felt like I had no brakes. Normally I can see my way out of a difficult situation, but this was something I’d never faced before, and I didn’t know where to turn… then I heard about CIC. I filled out an online application, and Nick called me almost immediately to let me know that he thought he could help… just hearing that made all the difference in my outlook.”
About Film Creations, Ltd.:
Established in 1978, Film Creations is Southern Arizona’s oldest and most experienced company for Arizona video production. An award-winning, full- service video production company, specializing in corporate videos, promotional videos, and commercials, politicals and government, educational and training videos, documentaries, fundraisers and event videos, and creative video editing.
Whether you have a finished script or just an idea, Film Creations offers a wide variety of services for video production in Tucson to help take your project from development to delivery. Their corporate video production services include creative development and scriptwriting, film and digital video production, non-linear editing, motion graphics, and multimedia design.
Founder and CEO Rick Rose is firmly entrenched in the Tucson arts community, serving on the boards of numerous non-profit organizations, is a member of AOPA and was most recently honored by the American Advertising Federation as Tucson’s “Advertising Professional of the Year.”
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