Late Payments: From April-June, we are allowing borrowers affected by COVID-19 an option of no payments and no accrual of interest. Borrowers must be in good standing with CIC and notify us they’d like this option. We will work with borrowers to figure out repayment schedules after the pandemic subsides.
COVID-19 Emergency Loans
: We are currently offering two loan programs in response to the economic crisis caused by COVID-19. CIC provides direct support for Kiva
, two community-backed loan platforms offering flexible terms and loan amounts. Click here
for details on these community-backed loan products. Click here
to see all loan offerings from CIC.
Historic Fourth Avenue Coalition COVID-19 Response Project: We are working collaboratively to deploy a team of highly skilled innovators and entrepreneurs to deeply understand the needs of coalition businesses, identify patterns and most importantly, support these businesses in the rapid execution of fund acquisition, business model experiments, and other activities relevant to helping these business owners and their employees thrive long after COVID-19.