Micro Lending

Arizona Capital Source’s subsidiary, Growth Partners Arizona (GPAz), is your source for loans below $150,000, also known as Microloans.

Growth Partners Arizona supports economic development by providing affordable and flexible financing to small businesses that currently don’t have access to traditional sources of loan capital. By focusing on underserved areas, GPAz can help drive positive change through thoughtful and collaborative approaches to community development.

What is Micro Lending, how does it differ from traditional lending?

Micro lending is the process of providing small loans to individuals who lack access to traditional loan programs. Unlike a traditional business loan, a microloan program focuses on small amounts of money lent to borrowers who often lack collateral or credit history.

GPAz currently offers the following 5 small business loans:

Microloans

$15,000 – $50,000 loan range.
Terms from six months to five years (loan amortization may be longer).
9.25% interest rate (Fixed)
One-time 3% fee (Can be paid with loan funds)
No prepayment penalty
$100 application fee; other fees may apply

Business Loans

$10,000 – $150,000 loan range.
Terms from six months to five years (loan amortization may be longer).
9.25% interest rate (Fixed)
One-time 3% fee (Can be paid with loan funds)
No prepayment penalty
$100 application fee; other fees may apply

Kiva

The Kiva Loan Program empowers global entrepreneurs through microloans, offering financial support to underserved communities for business growth, fostering economic development, and enhancing livelihoods with a focus on social impact.

Amount: Up to $15,000
Terms: 3 Years 0% Interest and No Fees

BIPOC Loan Fund

The BIPOC Loan Fund provides accessible, low-interest financial support to Black, Indigenous, and People of Color entrepreneurs, fostering economic empowerment and closing the racial wealth gap through community-focused lending initiatives.

Amount: Up to $10,000
Terms: 5 Years 0% Interest and No Fees

SPARK Small Business Loan

The SPARK program offers flexible loans and technical assistance to Avondale-based small businesses. This character-based loan program is designed to empower local entrepreneurs in achieving their business goals.

Amount: Up to $35,000
Terms: 5 Years 8.5% Interest and 3% Commitment Fee