Arizona business owners, listen up! If you’re looking for funding for your business, you’ve come to the right place. Employers who own and operate a business (or multiple businesses) in Arizona may have access to state-specific funding. These grants and loans are only available to Arizona businesses. Keep reading to discover if one of these is right for you.
Department or Agency: Growth Partners Arizona
Loan or Grant title: Small Business Success Loans
Growth Partners Arizona makes loans to small businesses in an effort to provide access to affordable financing and drive economic development in underserved areas. Loans range from $10,000 to $100,000 and can be used toward equipment, working capital, business expansion, and consolidation of more expensive debt. To be eligible, borrowers must have been in business for at least two years, operate in the state of Arizona, and have annual revenue of at least $50,000.
Department or Agency: Growth Partners Arizona
Loan or Grant title: Kiva Tucson Small Business Success Loans
Kiva Tucson loans are available for small businesses in Southern Arizona at zero percent interest. These community-backed loans range from $1,000 to $15,000.
Department or Agency: Local First Arizona
Loan or Grant title: Southeastern Arizona Microloans
Businesses and startups located in Graham, Greenlee, or Cochise counties may be eligible for a Southeastern Arizona Microloan. The maximum loan amount is $25,000.
Department or Agency: Local First Arizona
Loan or Grant title: Green Loan Fund
Graduates of Local First Arizona’s Green Business Bootcamp who wish to decrease their environmental impact may be eligible for the Green Loan Fund, which is part of Local First Arizona’s Green Microloan program. Eligible businesses must be located in Yavapai or Maricopa counties. Loans are made up to $10,000 at 3 percent interest for up to three years. Need more info about Green Business Bootcamp? Check out Local First Arizona’s SCALE UP program.
Department or Agency: Local First Arizona
Loan or Grant title: Green Community Fund
Graduates of Local First Arizona’s Green Business Bootcamp who wish to decrease their environmental impact may be eligible for the Green Community Fund, which is part of Local First Arizona’s Green Microloan program. Eligible businesses must be located in Pima County. Loans are made up to $15,000 at 0 to 5 percent interest for up to three years.
Department or Agency: PPEP Microbusiness and Housing Development
Loan or Grant title: Microloan Program
The size of these microloans ranges from $500 to $50,000. The funds can be used for working capital, equipment, construction, and other business assets. Businesses that are registered in Arizona and in good standing with the State of Arizona Corporation Commission may be eligible.
Department or Agency: PPEP Microbusiness and Housing Development
Loan or Grant title: Small Business Loan Program
These loans range from $1,000 to $225,000. The funds can be used for working capital, equipment, construction, business real estate, and expansion. Businesses that are registered in Arizona and in good standing with the State of Arizona Corporation Commission may be eligible.
Department or Agency: Verde Valley Regional Economic Organization (VVREO)
Loan or Grant title: VVREO Revolving Loan Program
VVREO Revolving Loans are for business owners starting or expanding a business in the Verde Valley region, as well as those relocating a business to the region. Loans are made in amounts up to $25,000 and can be used for working capital, supplies, inventory, renovations, and more.
