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.
Safegaurd received a CIC COVID-19 Emergency Microloan and we are thrilled to happy to know that is made a difference.
"It was timely, not burdensome - a real quick and easy process. Nick (on the loan team) was amazing to work with." Ben Korn, Owner Safeguard Tucson about his CIC COVID-19 Emergency Loan
“Our ability to continue to be in business and to keep our valued employees is certainly helped by funding through CIC. ”
Safeguard is locally owned and has served Tucson for over 35 years. Safeguard provides the best in promotional strategies, services, and products that help promote, brand, and grow businesses. Ben has always said Tucsonans are determined to succeed. Today, Ben and the Safeguard Team continue to find solutions through these changing times.
“We’re here for you, says it all. Safeguard has quickly become proficient in sourcing the types of Personal Protective Equipment (PPE) necessary to help businesses keep their employees and clients safe.
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