Small Business Grants Arizona
Federal, state, and local grants are available to Arizona small businesses in financial need.
Many Arizona small business owners may already be eligible applicants. Some are unaware of what funds they have access to receive.
How An Arizona Small Business Can Get A Grant
Before owners can be grant recipients, check the official websites of government agencies.
Businesses can also apply for loans with repayment policies from different financial institutions. Owners should check their websites too for eligibility.
Unlike loans, owners do not have to repay grants.
Yet, to qualify for both grant and loan programs, ensure the small business is:
- Following the criteria of the grant or loan programs
- Meeting its regulatory requirements
- Owners apply before the grant period closes.
- Owners submit the form before the loan application date of submission ends.
Most grant and loan programs outline their specifications for Arizona small businesses. Companies must comply to get financial support.
Some grant conditions and eligibility criteria include:
- Meet a certain amount of gross sales
- Have only a certain number of employees
- Provide reasons for grant funds - i.e., business growth, training, workshops, new inventory, building construction, etc.
- Show a loss in income. i.e., the revenue declines as a result of COVID-19, environmental damages, community development, etc.
- Must be a female-owned, veteran-owned, or minority-owned business
- Business must be in an underserved community.
- Location is in a specific county, rural area, district, etc.
- Other reasons
Owners should review grant details as specifications, requirements, and criteria differ. The information about grant amounts, the submission process, and more are on the websites.
Also See: Additional Small Business Grants
14 Grants for Small Businesses In Arizona
Here are a few grants small business owners in Arizona should consider.
1. Choose Chandler Grants
Choose Chandler Grants is a program for small business owners in Chandler, Arizona. The program offers a reimbursement grant for the costs of buying Personal Protective Equipment.
Eligible businesses must register with Chandler city's Business Registration Program.
2. The Verde Valley Regional Economic Organization
The Verde Valley Regional Economic Organization provides microloans to businesses.
The business must be looking to expand or move to the Verde Valley in Central Arizona.
3. Paycheck Protection Program (PPP)
The Paycheck Protection Program (PPP) is a federal grant. The program helps businesses keep employees on the payroll.
It is a forgivable loan if the business uses the funds for:
- Maintaining employees
- Rehiring workers
- Mortgage interest
4. Arizona Economic Recovery Center
The Arizona Economic Recovery Center helps local businesses and rural communities. They help companies apply for competitive federal economic recovery grants.
5. Arizona Small Business Success Loans
The Arizona Small Business Success Loans provide small businesses with large loan amounts. The loan is for company growth and reorganization.
By applying to this loan program, business owners can borrow large loans to cover the cost of more expensive debt.
6. Kiva Tucson Crowdfunding Loans
The Kiva Tucson loan is a community-backed business loan. The amount ranges from $1,000 to $15,000. It is a no-fee, no-interest loan.
7. Arizona Community Foundation
The Arizona Community Foundation provides COVID-19 grants for small businesses and nonprofits.
The foundation offers several funding opportunities for organizations experiencing financial hardship during COVID-19.
8. Research Grants for Small Businesses
Small businesses involved in scientific research and development (R&D) may qualify for federal grants.
These businesses can apply for:
The Small Business Innovation Research (SBIR) program
The Small Business Technology Transfer (STTR) program
9. Maricopa County Resilience Program
The Maricopa County Resilience Program offers small businesses access to capital at 1%.
The program also offers Maricopa County small businesses personalized business counseling.
10. Maricopa County Small Business/Nonprofit Relief Grants
The Maricopa County Small Business grant is available to small businesses and nonprofits in the county. Grant recipients receive $25,000. The Arizona Community Foundation administers the grants.
PHXbizGrants helps micro and small businesses hit hard by COVID-19. Companies can get grant money ranging from $3,000 to $15,000.
The stipulations on what businesses can use the money for are broad. It covers the company's "deductible expenses" listed by the Internal Revenue Service (IRS).
12. Arizona Small Business Rent And Mortgage Relief Grant Program
The Arizona Small Business Rent And Mortgage Relief Grant Program helps small businesses.
The partnership between the following makes this program possible:
- The Arizona state government
- The Local First Arizona Foundation
The grant program is for gyms, fitness centers, nightclubs, water parks, studios, etc. It is an Arizona-based grant that provides the maximum amount of money of $25,000.
The program helps small businesses in Arizona with:
- Other tangible financial support
13. Arizona Innovation Challenge (AIC)
The Arizona Innovation Challenge is for innovative entrepreneurs.
It helps them launch and scale new ideas and business models. The challenge has three rounds.
Various community experts review AIC applications and provide applicants with relative feedback. Judges select up to 25 companies from the applicants to move on to the semifinals.
Semifinalists respond to the judges' feedback and submit more materials. Judges choose 15 finalists to pitch their startups to a panel of investors.
Judges choose up to 10 companies from the 15 finalists as AIC awardees.
14. Arizona Humanities
Arizona Humanities is a grant available to Arizona-based small businesses. Eligible business owners can apply for either a Mini-Grant or a Project Grant.
Business owners should visit the official websites of federal, local, and state agencies. Find the resources available to small businesses by the United States government. Also, look into what nonprofits and local investors have to offer.
The first step in getting a small business grant is to learn grant details. Get to know the grant's eligibility requirements, end dates, and application process.
Owners needing more clarification or information should contact the grant and loan provider. The contact information should be on the website.
Owners may find their small business qualifies for several grants or loans. Get the company to the next level by taking the first step.