A new resource for funding growth
Arizona’s Business Loan Alliance is a groundbreaking, $12 million loan collaborative designed to help small business owners secure the capital they need to flourish. Loans range from $50,000 to $500,000 and carry favorable rates and terms for creditworthy companies that lack adequate equity investment or sufficient collateral to secure a conventional loan.
The Business Loan Alliance, made up of a diverse group of public and private entities, has committed a total of $12 million to creatively kick-start the flow of capital in this challenging business climate. The purpose of the pilot program is to generate and attract greater investment for Arizona business owners. The pilot program will operate for approximately 12 months or until the funds are fully deployed. Qualified loans may be eligible for a guaranty of up to 20 percent from SCF Arizona.
If your business —
- Has been operational for at least two years
- Can demonstrate a successful track record for the previous three quarters, and
- Has two years of financial statements and tax returns
– you may qualify for a loan from the At Work for Arizona Business Loan Alliance.
At Work for Arizona features —
- More favorable rates and terms than traditional lending
- Flexible collateral requirements
- Guarantees of up to 20 percent
- NO blanket liens
- NO pre-payment penalties
- An expedited loan request process
Loans are available for —
- Working capital
- Equipment and fixed assets lending
- Tenant improvement
- Real estate
- Inventory purchases
Targeted businesses include —
- High tech and information systems
- Advanced business services
- Aerospace and defense
- Renewable energy
- Owner-occupied real estate
- Wholesale distribution
- Arizona based nonprofits serving their local communities
For additional information regarding this program, please contact Kristine Beaird.
Applicants do not have to be a policyholder of SCF Arizona or a current account holder at The Biltmore Bank of Arizona, SONORAN BANK, (a branch of Kansas State Bank of Manhattan), or West Valley Bank.
Loans will not be made to gambling or adult entertainment establishments, businesses engaged in loan packaging, political or lobbying entities, or businesses that restrict patronage.