The We Are One/Somos Uno Resiliency Fund, managed by the Business Development Finance Corporation (BDFC), has no-interest loans available for Tucson small businesses. Since the loan program rolled out in April, more than $300,000 has been awarded of the $1 million authorized by the Mayor and Tucson City Council to assist local small businesses.
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. Eligible businesses must be located within Tucson city limits, have a valid City of Tucson business license, and be registered with the Arizona Corporation Commission (ACC) in good standing. Sole proprietors do not have to be registered with the ACC.
The deadline to apply is midnight, May 26. For more information on these loan programs, follow the above links, or contact the City of Tucson Small Business Hotline at (520) 837-4100.