Civic Communities offers tailored capital programs to non-profits, businesses, projects, and community facilities that may not have access to traditional financing. Priority is given to businesses that are located in low-income communities in San Diego County and have been in business for at least two years. Business Owners must be at least 18 years of age and demonstrate good character including current on bills and debts and no unpaid tax liens within the last five years. Use of the proceeds must be for the business and business collateral and personal guarantees may be required.
Contact us if you’d like to speak with our team before applying.
New Markets Tax Credit Program
The New Markets Tax Credit (NMTC) Program is a federal tax credit program that promotes investment in businesses and community facilities located in low-income communities. In exchange for a qualified equity investment, pursuant to the NMTC program requirements, an investor is provided a tax credit. The proceeds of the equity investment are utilized to fund low-income community businesses located in qualified low-income census tracts.
For more information about our New Market Tax Credit program or to see if you might qualify, please contact:
Joanna Whitley Broussard | 619-533-7177 | whitley@civiccommunities.com
Community Development Loans
Civic’s Community Impact loans are targeted towards real estate development or community projects that provide community benefits such as health clinics or youth facilities. The loans typically range from $50,000 to $1 million with market interest rates and flexible terms and underwriting for businesses and nonprofits that can’t qualify for standard bank financing.
For more information about our Community Development Loan program or to see if you might qualify, please contact:
Michael Lengyel | 619-533-7158 | lengyel@civiccommunities.com
Housing and Commercial Loans
Civic’s Housing Impact loans and equity investments provide
financing for affordable and middle-income housing with a focus on low-income
communities. The loans and investments typically range from $250,000 to $1
million and have flexible rates and terms.
For more information about our Community Development Loan program or to see if you might qualify, please contact:
Michael Lengyel | 619-533-7158 | lengyel@civiccommunities.com
Building Business Success Program
The Civic Communities “Building Business Success Program” focuses on building the capacity of small businesses to competitively bid on procurement opportunities with public, private, and government institutions in San Diego County. The program provides working capital business loans to Minority Owned Businesses (MBEs) and Disadvantaged Businesses (DBEs) with flexible underwriting terms that are sensitive to the limited net-worth, collateral, and credit histories generally prevalent among MBEs/DBEs.
For more information about our Building Business Success program or to see if you might qualify, please contact:
Gustavo Bidart | 619-838-6611 | bidart@civiccommunities.com
