At a glance
From its website, read 2 Nov 2026Community Investment Collaborative is a loan fund based in Charlottesville, Virginia. Its website describes microloans and small-business loans. Stated loan amounts run up to $50,000. Business loan rates stated on its site range from 6.75% to 9.75%.
Each point is backed by a quote further down this page. Terms change: confirm with the lender.
How to reach them and apply
| Phone | (434) 218-3481 source |
|---|---|
| Website | cicville.org |
| Office (official list) | PO Box 2976, Charlottesville, VA 22902 |
What their website says about applying
Signed and complete Microloan Application
sourceCopy of Business Plan with Cash Flow Projections, Balance Sheet and Income Statement.
sourcePersonal and Business Bank Statements for the most recent 3 months
sourcePersonal and Business Tax Returns for most recent 2 years
source
Phone numbers and addresses are the ones on the lender's own site and the CDFI Fund list. CDFI Atlas does not take applications.
Rates and terms they state
Read 2 Nov 2026| Loan | Stated | Text on the lender's site (verbatim) | Page |
|---|---|---|---|
| Microloans | Rate: 6.75%–9.75% | 9.75% interest rate (7.75% if you are a long-term SBDC client, 6.75% if you are a CIC graduate) | source |
| Microloans | Rate: from 9.75% | Our starting interest rate is currently 9.75%. | source |
| Loans (general) | Term: see their wording | Terms range from 1 to 5 years based on the history of the business and size and purpose of the loan. | source |
| Microloans | Term: 3 mo–6 mo | Repayment within 3-6 months | source |
As published on the lender's website on that date, not an offer or a quote. Your rate depends on the lender's review. A missing rate means the pages we read did not state one. For consumer loans we repeat a rate only when the lender states it as an APR (annual percentage rate, which includes fees); otherwise read the lender's own wording and ask for the APR.
Who qualifies, in their words
- Business plan required
Copy of Business Plan with Cash Flow Projections, Balance Sheet and Income Statement.
source
Only rules the lender's own pages state. Other requirements may apply.
Official record
CDFI Fund list, 21 Oct 2026| Institution type | Loan fund |
|---|---|
| Native CDFI | No |
| Date certified (as listed) | 26 Jun 2026 |
| RSSD ID | — (none listed) |
| Address | PO Box 2976, Charlottesville, VA 22902 |
| Website | cicville.org |
Head officeBranch or officeApproximate (ZIP code area)
Map data © OpenStreetMap contributors, © OpenMapTiles, tiles OpenFreeMap. Head-office points: U.S. Census Bureau geocoder.
Loans and eligibility
Verified from lender site on 2 Nov 2026Read from 7 pages of the lender's website on 2 Nov 2026. Quotes are verbatim. Extracted with AI help from the pages listed below and checked automatically against them. Not reviewed by a person. Confidence: high. The pages do not state that loans can be started online. Terms change — confirm with the lender before applying.
| Product | Amount stated | Text on the lender's site (verbatim, incl. menu labels) | Page |
|---|---|---|---|
| Microloans | up to $50,000 | We offer micro loans of up to $50,000 to both graduates of our 16-week Entrepreneur Workshop and to existing businesses. | source |
| Small-business loans | — | We offer various types of loans to meet the needs of your start-up or small business: | source |
Loan sizes
I can borrow capital for the value of my contract at a maximum of $15k
sourceI can borrow 2.5 months worth of my current annual revenue up to $10k
sourceWe offer micro loans of up to $50,000 to both graduates of our 16-week Entrepreneur Workshop and to existing businesses.
source
Range used for the size filter: not stated to $50,000
Service area
Not stated on the pages we read.
Borrower focus
- Not stated on the pages we read.
Languages
- No non-English service found on the pages we read.
Online application
No online application link found on the pages we read.
Pages read (7)
- https://cicville.org/
- https://cicville.org/loan-products/
- https://cicville.org/finance-your-business/
- https://cicville.org/financial-management-program/
- https://cicville.org/finance-your-business-workshop/
- https://cicville.org/cic-facilitates-nearly-12-million-dollars-in-grants-and-680000-in-loans-to-small-businesses-throughout-region/
- https://cicville.org/financing/
Questions to ask when you contact them
Based on what their website said when we read it on 2 Nov 2026, and what it left out. Something missing here does not mean they don't offer it: ask.
- Do you lend where I live, or where my business is?
Their website does not say which area they serve. - Is there a minimum loan amount?
Their website gives a maximum ($50,000) but no minimum. - Can I apply online, or do I need to call or visit?
We found no online application on their website. - Do you offer free coaching or help preparing my application?
CDFI certification requires development services, such as training or advice, alongside lending. - What documents will you need from me, and how long does a decision usually take?
Their website describes some application steps (above); ask for the full document list.
Write down the answers, who you spoke to and the date, and ask for the terms in writing before you sign.
CDFI Fund awards
CDFI Fund database, 3 Nov 2026$1.2 million in 2 awards from the U.S. Treasury's CDFI Fund, 2021–2024 (CDFI Program, Financial Assistance; CDFI Rapid Response Program).
| Round year | Program | Amount |
|---|---|---|
| 2024 | CDFI Program, Financial Assistance | $813,000 |
| 2021 | CDFI Rapid Response Program | $360,000 |
These are awards and investments made to the institution itself to build its capital and capacity. They are not loans to borrowers, and an award does not mean the lender has money available for a particular loan today.
Source: CDFI Fund Searchable Awards Database, all 12,628 award records (1996–2025), read 3 Nov 2026. Years are the award round as the database lists it. Matched to the official CDFI list by exact name and state; see the method on the About page.
Size of the fund (IRS Form 990)
Fiscal year ending Dec 2023| Total assets | $2.8M |
|---|---|
| Total liabilities | $526,768 |
| Net assets | $2.3M |
| Total revenue | $2.1M |
End-of-year figures from the Form 990 this organisation filed with the IRS for the fiscal year ending December 2023 (tax year 2023; EIN 45-4105820, filed as “COMMUNITY INVESTMENT COLLABORATIVE”), taken from the IRS Annual Extract of Tax-Exempt Organization Financial Data (returns processed in 2024). Figures are self-reported to the IRS, not audited by us, and lag one to two years behind today. The filing shows no amount on the notes-and-loans line; a loan fund can report its loans on other balance-sheet lines, so this is not a loan figure. The lender’s own annual report may show newer numbers. This organisation’s filings on ProPublica Nonprofit Explorer
Filings over time
| Fiscal year ending | Total assets | Net assets | Revenue |
|---|---|---|---|
| Dec 2021 (990) | $2.3M | $2M | $2.8M |
| Dec 2022 (990) | $2.6M | $2.2M | $2.2M |
| Dec 2023 (990) | $2.8M | $2.3M | $2.1M |
Total assets grew 20% from Dec 2021 to Dec 2023. One row per fiscal year in the IRS extracts of returns processed in 2022, 2023, 2024; “—” = the line was empty or zero on that return (a fund can book its loans on other lines).
How it compares
Computed from public data| Measure | This lender | Compared with |
|---|---|---|
| Largest loan its website states | $50,000 | Other loan funds whose website states a maximum: median $275,000. Higher than the stated maximum of 7% of these 184. |
| Total assets, latest IRS Form 990 | $2.8M | Larger than 23% of the 13 other certified loan funds and venture funds in Virginia with a matched Form 990 (median $11.1M). |
| Business loan rate its website stated (2 Nov 2026) | 6.75% to 9.75% | Prime rate that day: 7.00% (FRED DPRIME), so the lowest stated rate is 0.25 pts below prime. For an SBA 7(a) variable-rate loan the legal maximum is prime plus 3 to 6.5 points, by loan size. |
How these comparisons were worked out
| Measure | Peer group (this lender left out) | Peers | Where this lender sits |
|---|---|---|---|
| Largest stated loan | other loan funds stating a maximum, nationwide | 184 | higher than 7% |
| Form 990 total assets | certified loan and venture funds with a Form 990, in Virginia | 13 | larger than 23% |
“Larger than X%” = the share of the peer group with a smaller value. Ranks count from the largest. Peer groups use the lender's home state when it has at least 5 peers, otherwise the whole country. Full definitions: methodology.
For comparison, not an offer and not a rating. Past records show what this lender did, not what you would be offered; your rate depends on the loan and on the lender's review. Peer groups and sources: methodology. Form 990 figures: IRS annual extracts (see the Form 990 section). Prime rate: FRED DPRIME.
Other certified CDFIs in Charlottesville and Virginia
- Foodshed CapitalLoan fund · Charlottesville, VAAgriculture / farm loans, Small-business loansVerified
- Piedmont Housing AllianceLoan fund · Charlottesville, VAHome mortgagesVerified
- Virginia Affordable Housing Loan FundLoan fund · Charlottesville, VAHome repair / improvement loans, Affordable housing development loansVerified
- Appalachian Community Capital CorporationLoan fund · Christiansburg, VAVerified
- Bridging Virginia IncLoan fund · Richmond, VASmall-business loansVerified
- Business Seed Capital, Inc.Loan fund · Roanoke, VASmall-dollar / emergency loansVerified
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