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.
Originate Natural Building Materials received a CIC COVID-19 Emergency Microloan and we are thrilled to have had this offering make all the difference to the business.
Originate Natural Building Materials
"Working with CIC to provide a loan for Originate to bridge the gap during COVID was extremely easy." Natasha Winnik, Owner/Founder “Originate started off 2020 with our 4th best 1st quarter in our 16-year history as a company. Then COVID hit with stay at home orders and our revenue for April and May dropped by almost 50%."
“That was scary and we were trying to figure out how to navigate uncharted territories. Knowing we have money in our bank account is such a relief, I can now concentrate on running my business instead of worrying about how I will pay my employees, my rent, and my vendors. I feel a sense of calm now.”
About Originate Natural Building Materials:
Originate Natural Building Materials provides Tucson with healthy, unique, sustainable materials for the design and build process. For 16 years, Originate has specialized in interior finishes that are environmentally friendly, non-toxic, durable, and made from natural, renewable, and recycled resources. Their innovative and unique materials rival the aesthetics and performance of more traditional interior finishes.
Much more than a showroom Originate, and owner/founder Natasha Winnik and team are a community resource to educate, source, and support environmentally aware building choices.
During these changing times with health and safety guiding every decision, Originate is open for appointment only and is venturing on a new path: e-commerce. Clients can now shop directly on Originate’s website and then conveniently pick up their order from custom made lockers using their own security code.
Natasha says, “It truly takes the whole community to thrive. We are in this together and hope to come out the other side stronger, more resilient, and rooted here in our Tucson community.” CIC is proud to support Originate Natural Building Materials and owner/founder Natasha Winnik.
LEARN MORE ABOUT ORIGINATE NATURAL BUILDING MATERIALS