This regularly-updated guide gives an overview of funding resources available to small business owners in Arizona.
Arizona Microcredit Initiative Microloans
Arizona Microcredit Initiative (AMI) is a 501(c)(3) nonprofit that empowers underserved entrepreneurs to start or expand businesses through low-interest microloans that are tailored to fit your business needs.
Loan funds must be used to purchase revenue-generating assets
Agree to AMI’s loan schedule
Person of good character
Fill out a loan interest form with your basic contact information and business details
Meet with an AMI staff member to discuss your business and its needs
Fill out a loan application with your personal and business information
Include required documents in your application submission
Personal Federal Tax Return (2016 and 2017)
Last 6 months bank statements (personal and business accounts)
Active tradeline (utility bill or landlord reference)
Employer ID Number or Tax ID Number for business
Planned loan budget
Complete authorization to pull a credit report form from our partner Marisol (Phase II only)
Desert Financial Credit Union Small Business Emergency Loan
This loan program is designed to help cover operational expenses such as payroll, utilities, rent, and taxes for businesses negatively affected by the pandemic.
Business must be physically located within Desert Financial’s field of membership.
Business must be independently owned and operated.
Business must have been established for a minimum of 3 years.
A personal guarantee is required
Fill out a loan information request with your basic contact information.
A representative will reach out to discuss your options.
Walkthrough the loan application process with the representative.
Information is not available to the public
Kiva Crowdfunding Loans
Kiva is an international nonprofit, founded in 2005 in San Francisco, with a mission to expand financial access to help underserved communities thrive by crowdfunding loans.
Business be based in the United States
Must be over 18 years old
Loan must be used for business purposes
Business must not be engaged in multi-level marketing/direct sales, illegal activities (e.g. gambling, scams), or pure financial investing (e.g. stocks)
Cannot currently be in foreclosure, bankruptcy, or under any liens
Must be willing to demonstrate your social capital by having a small number of friends and family make a loan
Fill out a loan application
If your application is approved, prove your creditworthiness by inviting friends and family to donate to you
Go public on Kiva for 30 days, lenders crowdfund in increments of $25 or more
Borrower repays the loan based on the repayment schedule and the borrower’s ability
Approximate credit score
Major monthly payments
Growth Partners Arizona Small Business Success Loans