Social Impact Lending

CIC’s Revolving Loan Program – “Paying back to Pay it Forward”

Community Investment Corporation (CIC) manages a Revolving Loan Program which lends funds to businesses and nonprofit organizations throughout Arizona.  As nonprofit organization ourselves, we operate differently than traditional banks. Our loan portfolio is relatively small, and we rely on each and every borrower’s payments to fund future loans.  Our loan clients aren’t simply paying us back when they make a payment, but they are paying it forward to the next loan recipient.  Therefore, we look for qualities in borrowers that many traditional institutions may not.  For example, we place a high value on the character of our loan recipients, the social impact of our lending, and the integrity of those we work with.

With every loan we make, our goal is to improve the lives and livelihoods of those in our community while strengthening our local economy.

If you own a business, manage a nonprofit, or are interested in supporting our efforts, please explore our website or contact us directly at 520-529-1766.

Loan Programs

Home Ownership Assistance

According to the U.S. Center for Housing and Urban Development…

  • Families who pay more than 30 percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care.
  • An estimated 12 million renter and homeowner households now pay more than 50 percent of their annual incomes for housing.
  • A family with one full-time worker earning the minimum wage cannot afford the local fair-market rent for a two-bedroom apartment anywhere in the United States.

CIC participates in a variety of programs to help Arizona families secure safe, affordable homes.

Charter School Services

Charter schools were authorized by Arizona legislature in 1994, and since have become a large and growing presence in our education system.  According to the Arizona Charter Schools Association, a record 185,900 students attended 556 Arizona charter schools in the 2016-2017 academic year, an increase of over 10,000 students – or 5.9 percent – over the the previous year.

Charter schools create more options for parents when deciding on the path for their child’s education.  At CIC, we support the financial stability and solvency of charter schools through our bond compliance and lending programs.