Connecticut and Rhode Island share more than a border. They share intertwined economies and resources, both natural (coastline) and manmade (skilled workforce).
Serving the Local Economy
In 2004 the SBA’s territory rules changed and CTCIC expanded into Rhode Island as part of a plan to better serve the Conn-RI region. We do business in Rhode Island under the trade name Rhode Island Community Investment Corporation (“RICIC”). Through our partnership with Commercial Resources, RICIC provides Rhode Island’s small businesses with the same streamlined, customer friendly approach to SBA 504 lending that made CTCIC the highest volume SBA 504 lender in Connecticut for the last eight years.
Why Use RICIC as Your 504 Lending Partner?
We use a local credit committee that understands the RI small business community.
We have the knowledge, expertise and staff to get your 504 loan approved and closed fast!
We do the paperwork for you and we are available to meet with your prospective 504 borrowers on demand!
Additionally, CTCIC is the #1 SBA 504 Lender in Connecticut; simply put, we make more than twice as many loans each year than our closest competitor. CTCIC has built a strong reputation for putting the customer first and getting the deal done, quickly and efficiently. And that reputation extends across state lines.
About Commercial Resources
Our partner, Commercial Resources, brings more than just 504 expertise to the table. Commercial Resources works with small businesses throughout RI, providing opportunities outside the scope of RICIC and the 504 Loan Program to our lending partners. Commercial Resources also provides valuable resources for your customers who are not quite ready for traditional financing.
Commercial Resources provides business and commercial financing solutions as well as management advisory services to the small business community. In partnering with RICIC to assist lenders with RICIC/SBA 504 loans, Commercial Resources will not only be able to source potential borrowers for its lending partners but also make it seamless for them to process those requests.
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