We support economic development by providing affordable and flexible financing to small businesses that currently don’t have access to traditional sources of loan capital. By focusing on underserved areas, we can help drive positive change through thoughtful and collaborative approaches to community development.

Our loan experts work one-on-one with your business to customize a loan based on your individual needs. We make the process as easy as possible and ensure that you are involved every step of the way.

Growth Partners Arizona can also help your business during the loan term to develop effective financial and other business practices so your business can grow.

When you borrow from GPAz and pay the loan back on time, you improve the credit history of your business, making it easier in the future to borrow from a bank. And, you also “pay it forward” by making our loan funds available for other borrowers.

Small Business Success Loan

PURPOSE

  • Business growth and expansion
  • Equipment purchases
  • Long-term working capital
  • Tenant improvements and property renovations
  • Consolidation of more expensive debt

ELIGIBILITY

GPAz will consider loans to businesses that have at least two tax years of operation with annual revenues of at least $50,000; start-up businesses will not be considered.

The business must also:

  • Do business in Arizona.
  • Be registered, and certified as in Good Standing, with the State of Arizona Office of the Corporation Commission.
  • Owner(s) FICO score of 660.
  • Note: preference will be given to businesses and/or owners located in a CDFI Investment Area.

TERMS

  • $10,000 – $100,000 loan range.
  • Terms from six months to five years (loan amortization may be longer).
  • 9.25% interest rate + 3% fee (fixed for entire term)
  • no prepayment penalty
  • $100 application fee; other fees may apply

APPLICATION

To obtain an application please email [email protected] or call 520.382.9218 ext 4

To process your application please submit the following:

  • Completed GPAz Loan Application and $100 application fee.
  • Two years of company federal tax returns.
  • Two years of historical company financial statements (balance sheets and profit & loss statements).
  • Company year-to-date balance sheet and profit & loss statement.
  • Company debt schedule (as of the YTD financial statement) (form provided).
  • Projected profit & loss statement for the coming year.
  • Personal financial statement dated within 45 days of application for anyone owning 20% or more of the company (form provided).
  • Two years of personal federal income tax returns for anyone owning 20% or more of the company.

Questions? Contact us for more information.

¿Preguntas? Contáctenos para más información