A brand new capital & coaching resource for Tucson.
Serving women, minority, and veteran-owned small businesses.
Pioneering Relationship-Based Lending
What is "Relationship-Based Lending"?
Traditional lending can make you feel like a number, but we see the hardworking, hustlin', business owner you are.
Estamos reinventando los préstamos desde cero.con SU éxito empresarial y SUS necesidades en el centro de cada decisión.
Más allá de los números en una página, miramos su potencial, su experiencia y su mentalidad de crecimiento. Invertimos en USTED y caminamos junto a usted en cada paso del camino.
Barrier-Busting
Usted es mucho más que su puntaje crediticio.
Los puntajes crediticios y las garantías son algunas de las principales razones por las que las mujeres, las minorías y los veteranos luchan por obtener préstamos. Nos deshicimos de esas barreras.
Character-Based
Su comunidad cree en usted, nosotros también.
Su negocio impacta las vidas que lo rodean.
Las referencias de personajes y los mentores serán parte de tu viaje, celebrarán tus victorias y te animarán cuando los tiempos se pongan difíciles.
Executive-Coaching & Training
Building your dream business can get lonely: we are better together.
You will get powerful executive coaching alongside owners, founders, and CEOs just like you.
You will have access to one-to-one mentorship, technical assistance, and workshops - all free of charge!
When you succeed, we all succeed!
¿Por qué Coaching & ¿Capital?
Our program is designed for business owners who are ready to level up. It won't be easy, but you won't be in it alone.
Alongside capital, we will load you up with the tools you need to thrive. Committing yourself to program participation is required for funding.
When you are funded, experts will analyze your business and develop a customized Loan Success Plan, a roadmap for growth and financial success, based on YOUR goals.
As you start your journey, you will meet monthly with a group of peers and experts to keep you feeling motivated and on track to success.
Throughout the life of your loan you will have access to one-to-one mentorship and coaching. Quick text check-ins will help you stay looped in and on target.
EVEN MORE PERKS
Marketing BOOSTER Package
Comencemos bien.
¡Todas las empresas financiadas a través de nuestro programa recibirán un paquete de marketing gratuito para ayudarle a ampliar su negocio y empezar bien!
Flexible Repayment
Don't let the summer months bring you down, Tucson!
We understand that some business are seasonal. You can adjust your repayment month to month to accommodate those dog days of summer (or winter or whenever seasons impact your business).
Soporte de aplicaciones de servicio completo
Taking the first step is what matters, we can help you with the rest.
Fair warning, a loan application is a lot of paperwork! But we got you! Through a partnership with the City of Tucson, you can get customized support to gather up what you need throughout the application process.
THE BASICS
Loan Sizes
$15,000 - $250,000
Loan Uses
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Working capital
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Machinery & equipment (including, but not limited to, software, computer equipment, licenses and acquisition of other related property)
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Facade improvements (energy upgrades, interior upgrades)
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Purchasing Property
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Business Acquisition
Interest Rates
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Interest rates we offer are based on the Federal Funds Rate plus 1% - 5%
Fees
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2% origination fee
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Late payments without prior notification may result in additional fees. Review program documents for the full description of non-payment actions.
ELIGIBILITY
Your business must be owned (at least 51%) by women, minority, or veteran small business owner.
Your business must have at least 12 months of revenue.
Your business must be located in the Tucson Metro Area.
Your debt to income ratio must be within acceptable perimeters.
RESTRICTIONS
Actualmente, nuestro programa tiene algunas restricciones sobre los tipos de empresas que podemos apoyar y cómo se puede utilizar el capital. Lea atentamente estas restricciones.
Restricted Loan Uses
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Refinancing existing debt
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Investing or lending
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Personal uses outside of business needs
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Investment properties (commercial real estate must be at least 50% owner occupied)
Restricted Businesses
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Less than 12 months of demonstrated revenue
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No more than 25% of your sales comes from firearms, related accessories, or ammunition, in each instance intended for civilian use; alcoholic beverages; cannabis or cannabis-derived products (other than products used for therapeutic purposes approved by the FDA); or tobacco products
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The following industries are ineligible for AVANZA funding: alternative finance services (check cashing, pawn shops, coin sales, high interest lenders, etc), gambling or lotteries, collection services; political campaigns, committees, candidates, or politically affiliated activities; speculative businesses (mining, house flipping, product R&D); Pornography; multi-level (or “Referral”) Marketing Companies; or businesses whose products are not legal, either federally or in other states in the U.S.
APPLY NOW
To begin your application, complete the following Welcome Form.
This form should take about 5 - 10 minutes, then a team member will reach out to you set up the next steps! Easy!
Ready for the next big stage of your business? Let's GO!
Si desea acelerar el proceso, descargue esta lista de verificación para comenzar a preparar los documentos que necesitará en el futuro.
Would You Like Help With Your Application?
Through our partnership with the City of Tucson Small Business Navigator's Program, you can receive free one-to-one support completing your application. ¡Somos bilingües!
Gisselle Coronado
Gisselle offers business support in English and Spanish.
Contact Gisselle for one-on-one support at:
520-500-7533 | Gisselle.Coronado@tucsonaz.gov
Narda Flores
Narda offers business support in English and Spanish.
Contact Narda for one-on-one support at:
520-484-3093 | Narda.Flores@tucsonaz.gov
THE PROCESS
The application process takes between a month and two months and will require a number of steps. But don't worry, we have lots of templates and personalized support to help you throughout the process.
Welcome Form
A high-level, simple form that should take no more than 5 -10 minutes. This helps our intake team to understand if your needs match our loan program or others in the community.
Discovery Meeting
Within a few days of recieving your Welcome form, you will hear from a team member to set up a Discovery Meeting where we will learn a little more about your business and you have a chance to ask questions about the program!
Complete Application
Part 1
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1 Year Tax Returns (business and personal)
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3 Mo Bank Statements (business and personal)
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Balance Sheet
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Profit & Loss Statement
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Loan Use Statement
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Credit Report (self-pulled. Your credit score will not impact your approval)
Part 2
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Business Model Canvas
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Character References
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Financial Projections
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Lease Agreement & Landlord contact (if applicable)
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Articles of Incorporation (if applicable)
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Photo ID
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W9
Application Review
Our team will review your application and create a summary to send to the Loan Committee, who makes the final decision. As part of the review, our team will also complete additional verification through:
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Site Visits
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Character Reference Checks
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Landlord Interview (if applicable)
Loan Committee Review & Presentation
Our trained Loan Committee reviews applications, provides feedback, and recommendations.
If the application is selected to move forward, the business owner will be invited to present to the Loan Committee in person.
Funding & Next Steps
When your application is funded, you will receive:
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An orientation class on the lending process
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A Loan Success Plan
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Marketing BOOSTER Package
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Executive Coaching & Mentoring
News
Arizona Daily Star
23 February 2023
Tucson creará un fondo de préstamos para ayudar a las empresas propiedad de minorías
Tucson’s small business owners belonging to underrepresented communities will soon be able to receive resources to help them grow and maintain their ventures through a new loan fund that will provide capital for operations.
KOLD
Este mes, la Autoridad de Desarrollo Industrial de Tucson, en asociación con el Departamento de Iniciativas Económicas de la ciudad de Tucson, iniciará el Fondo de Empoderamiento Avanza, un programa de préstamos destinado a ayudar principalmente a empresas propiedad de mujeres, minorías y veteranos exclusivas de Tucson.
TÉRMINOS Y CONDICIONES | DERECHOS DE AUTOR 2023