The We Are One/Somos Uno Resiliency Fund from the Business Development Finance Corporation (BDFC) has zero percent loans available for Tucson small businesses. Since the loan program rolled out in April, more than $300,000 of the $1 million authorized by the Tucson Mayor and City Council to assist local small businesses has been awarded.
The remainder of the funds will be allocated for direct loans to businesses that are minority-, women-, veteran-, or disability-owned and/or located in low-to-moderate income areas. To be eligible for the Tucson Resiliency Loan Funds, a business must be located within the Tucson city limits and have a valid City of Tucson business license or be registered with the Arizona Corporation Commission in good standing.
The deadline to apply is midnight, Tuesday, May 26. For more information on these loan programs, go to the websites linked above or contact the City of Tucson Small Business Hotline at (520) 837-4100.