August 12, 2024 — Groundswell Capital is thrilled to announce its partnership with Community Investment Corporation (CIC) as part of the Arizona Microbusiness Loan Program, a $5 million initiative launched by Governor Katie Hobbs in collaboration with the Arizona Office of Economic Opportunity.
The Arizona Microbusiness Loan Program is set to provide essential financial support to small businesses across Southern Arizona, including those in Cochise, Graham, Greenlee, Pima, and Santa Cruz counties.
This partnership enables Groundswell Capital to expand its AVANZA Empowerment Fund and introduce new loan products specifically designed to meet the needs of small businesses in Southern Arizona. Together, CIC and Groundswell Capital are working to remove the barriers that have traditionally limited access to capital for many small businesses, particularly those owned by minorities, women, and veterans.
Groundswell Capital and CIC are committed to driving economic growth and promoting sustainable business practices throughout Southern Arizona. CIC has already begun issuing loans through this initiative, and Groundswell Capital will be launching its new loan programs later this year. For more information about the Arizona Microbusiness Loan Program and how CIC or Groundswell Capital can help your business, please visit https://cictucson.org/businesses-that-prosper/ or contact lending@cictucson.org and https://www.groundswellcapital.org/ or contact info@groundswellcapital.org .
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