Local First Arizona is building opportunities for local businesses across the state. Our micro-loan programs offer loans to local businesses to help them stay competitive in a continuously changing economy.
Local Business Loans
Business Loan Programs
Southeastern Arizona
Micro-Loan
Location: Graham, Greenlee or Cochise Counties
Who: Businesses and startups
Industries: All
Terms: up to $25,000 at a flat 7% interest over 24 or 36 months
Local First partners with Community Investment Corporation to service the agreements. Loan applications are reviewed by a steering committee of local community members. Funding comes from Freeport McMoRan and other partners.
Rooted Relative Fund
Location: Operating on or off tribal lands
Who: Rooted in the Indigenous community
Industries: All
Terms: $30,000 - $250,000 at 3% up to eight years
As a community catalyst lending partner in the Rural Community Assistance Corporation's Rooted Relative Fund, Local First Arizona offers culturally relevant and relationship-based loans to Indigenous entrepreneurs who have historically lacked access to capital.
Green Micro-Loans
How to Fund a Green Project Guide
Green Loan Fund
Location: Statewide
Who: Graduates of Local First’s Green Business Boot Camp seeking funding to decrease their environmental impact.
Industries: All
Terms: up to $25,000 at 3% interest for up to three years.
Local First partners with Growth Partners Arizona to service the agreements. Loan applications are reviewed by Local First. Funded by Vitalyst Health Foundation, Growth Partners Arizona and other partners.
“It was easy to go through the micro-loan process. After a couple of meetings with the loan committee, I was approved and able to invest in equipment and remodeling that I needed – painting, electrical, lighting – I’ve hired a new employee, too... We’re moving in the right direction.”
-Kevin Ticer, Owner of Custom Upholstery Services in Safford, Arizona
Green Community Fund
Location: Southern Arizona (Pinal Country and south)
Who: Graduates of Local First’s Green Business Boot Camp seeking funding to decrease their environmental impact.
Industries: All
Terms: up to $25,000 at 3% interest for up to three years.
Local First partners with Community Investment Corporation to service the agreements. Loan applications are reviewed by Local First. Funded by Community Investment Corporation.
Frequently Asked Questions
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$5,000-$25,000, depending on the maximum loan amount outlined above.
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The interest rate is typically 3-7% with a payback period of 2-3 years.
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We ask for year-to-date financials and a business plan, outlining how you intend to invest the funds. For the Green Loan Fund, an energy assessment may be required (no cost).
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Applications and loan types vary so the process can take just a few weeks or as long as 2 months. It is important to get all required forms and paperwork submitted as soon as possible to ensure a speedy process.
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Yes, a home-based business would be considered if an EIN and/or LLC is provided.
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Yes, one, the other, or both.
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Yes, these would be considered.
This program is made possible with support from:
