COMMUNITY INVESTMENT COLLABORATIVE

Cic has two core financing programs including a microloan program that provides loans up to 50,000, a micro grants program that helps under- resourced entrepreneurs test their product or services. In 2024, 29 businesses received 1,050,855 in loans and 26 businesses received 35,996 in microgrants. Cic's lifetime total lending to date includes 5.075 million in loans. Additionally, cic partners with local governments and other entities to manage grant programs that provide access to capital to businesses in the region. In 2024, we partnered with entities to provide capital to businesses through grants including 12 businesses received 179,248 in grants through these partnerships. Cic provides loan servicing to loans not on our balance sheet. At the end of 2024, cic managed 48 loans totalling 1,4052,526 for other organizations. This includes 568,704 in loans for partners who participated on cic client loans. Cic also provides loan servicing to another mission driven lender, bridging virginia based out of richmond, va. Cic leverages its capacity as lender to support bridging virginia by managing its loan payments, helping bridging virginia manage 286,413 in new loans in 2024 and supports 483,795 in outstanding balances to to under-resourced entrepreneurs in the richmond area.