Loans and Grants

Small Business Loans & Grants

The U.S. Government does not offer grants to start or expand small businesses, although it does offer a wide variety of loan programs. The U.S. Government does offer some grant programs, but these are generally designed to expand and enhance organizations that provide small business management, technical, or financial assistance. These grants generally support non-profit organizations, intermediary lending institutions, and state and local governments.

The Tucson Hispanic Chamber has partnered with PPEP to provide the THCC Business Lending Program. This program is helpful to businesses as it provides loans up to $150,000 and financial training assistance. Please contact our Business Development Representatives at 520-620-0005 for more information. Please click here.

The following agencies in the Tucson area also offer services in direct relation to small business loans.
1. Business Development Finance Corporation (BDFC) is a private non-profit and is a US Small Business Administration Certified Development Company. As an economic development lender, BDFC’s primary mission is job creation/retention and assists firms which are starting or expanding. BDFC offers the SBA 504 loan program for the purchase of owner occupied commercial real estate anywhere in Arizona. The SBA 504 program offers a low down payment and a low fixed interest rate SBA loan for 20 years. BDFC also offers small loans ranging from $10,000 to $150,000 to firms located within Tucson city limits. These small loans have a low fixed interest rate, terms of up to five years and no prepayment penalty.
2. PPEP Microlending and Housing Development Corporation - Applying for a business loan can be intimidating to some business owners, especially entrepreneurs that are just starting out. PMHDC understands this challenge and provides practical assistance to help you overcome the obstacles you face. Click here for more information.
3. ACCION is dedicated to helping entrepreneurs and business owners fuel income generation, asset creation, employment opportunities and financial success through business ownership. The organization offers business loans between $200 and $300,000 along with training, networking and other support services to those who own or want to start a business. Click here for more information.
4. The Small Business Development Center can help you identify the lenders, which are the most likely to accommodate your stage of business and your situation; we can help to define your actual need for financing and your ability to repay it; we can help with your loan application, including the preparation of your business plan and presenting your case to the bank or lender; we can help you ensure that you have adequate control over your expenses and cash flow so that the lender has maximum assurance of getting repaid.
5. The US Small Business Administration (SBA) says that while poor management is cited most frequently as the reason businesses fail, inadequate or ill-timed financing is a close second. Whether you're starting a business or expanding one, sufficient ready capital is essential. But it is not enough to simply have sufficient financing; knowledge and planning are required to manage it well. These qualities ensure that entrepreneurs avoid common mistakes like securing the wrong type of financing, miscalculating the amount required, or underestimating the cost of borrowing money.