Late Payments: From April-June of 2020, CIC are allowed borrowers affected by COVID-19 an option of no payments and no accrual of interest. Borrowers were required to be in good standing with CIC and notify the loan team if they’d like the option. The loan team will work with borrowers to figure out repayment schedules after the pandemic subsides.
COVID-19 Emergency Loans
: CIC offered two loan programs in response to the economic crisis caused by COVID-19. CIC provides direct support for Kiva
, two community-backed loan platforms that continue to offer flexible terms and loan amounts. Click here
for details on these community-backed loan products. Click here
to see all current loan offerings from CIC.
Historic Fourth Avenue Coalition COVID-19 Response Project: CIC worked 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 the businesses in the rapid execution of fund acquisition, business model experiments, and other activities relevant to helping the business owners and their employees thrive long after COVID-19.
Tucson Helping Tucson
: CIC was honored to have had the opportunity to partner with Tucson Helping Tucson
a local movement that worked to sustain local businesses and connect the community with safe and engaging local entertainment. Please read our blog post on this topic
to learn more.