Contact Community Investment Collaborative
- Address
- 300 Preston Avenue, Suite 206 Charlottesville, VA 22902
- Phone
- 434-260-5165
- Website
- cicville.org
- [email protected]
Where they lend
Community Investment Collaborative is an SBA-approved microloan intermediary serving Virginia.
What an SBA microloan is
The SBA does not lend directly. It funds intermediaries like Community Investment Collaborative, who lend up to $50,000 to small businesses and start-ups that banks usually turn down. The average loan is around $13,000, terms run up to seven years, and decisions rest with the intermediary rather than the SBA.
Almost every intermediary asks for the same things: a written business plan, financial projections, what the money is for, and your credit history. The plan is where most applications stall.
Before you apply
Community Investment Collaborative will ask for a business plan with your application. We write SBA-ready plans built for microloan applications, with the financial projections lenders expect.
