Resources for Businesses & Non-profits Impacted by COVID-19

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Arizona Small Business Rent & Mortgage Relief Grant Program

The Governor's Office is partnering with Local First Arizona Foundation to launch the Arizona Small Business Rent and Mortgage Relief Grant program. Applications will open the week of August 17. This partnership, which includes $10 million from the Crisis Contingency and Safety Net Fund, will provide grants for up to two months of rent or mortgage payments to small businesses such as gyms, fitness centers, bars, and water parks. Grants will be prioritized for businesses with fewer that 50 current employees that are most in need of the funding to meet their rent or mortgage obligations, and do not have access to other financial support. The maximum award will be $25,000.

CARES Act Grant for Manufacturers

The Arizona Commerce Authority's Arizona Manufacturing Extension Partnership (AZ MEP) announced they are accepting applications from Arizona manufacturers in need of assistance as a result of the COVID-19 pandemic. The funds will be used to subsidize services delivered by AZ MEP to help manufacturers overcome the impact of the pandemic. Support is also available to assist companies that are producing personal protective equipment (PPE) and other supplies in response to COVID-19. Applications can be submitted online.

Dollars for Dreams Business Microloan

The Sustainable Economic Development Initiative (SEDI) helps realize the dreams of Flagstaff start-up, existing, and home-based businesses lacking access to small amounts of capital by providing up to $15,000 in initial financing and helping them establish and learn about credit.

Economic Injury Disaster Loan (EIDL)

The SBA's Economic Injury Disaster Loan program provides small businesses and U.S. agricultural businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. Interest rates are 3.75% for small businesses and 2.75% for non-profits.

Main Street Lending Facility

The Federal Reserve established the Main Street Lending Program to enhance support for small and mid-sized businesses that were in good financial standing before the crisis by offering 4-year loans to companies employing up to 15,000 workers or with revenues of less than $5 billion. More information for borrowers can be found online.

Paycheck Protection Program

To apply for PPP loan forgiveness, you will need to fill out an application. The SBA, in consultation with Treasury has released a standard loan forgiveness application for the Paycheck Protection Program, as well as a new EZ application for forgiveness of PPP loans. The applications and instructions are available in the links below:

Private Grants

  • The Better Business Bureau's Pacific Southwest microgrant program offers $500 to $1,000 to recipients.
  • The Flagstaff Downtown Business Alliance is offering micro-grants. Please email Terry or email Tess for more details

Other Resources

For a comprehensive overview of resources available, please see the Small Business Owner's Guide to the CARES Act (PDF). Additional resources made available by recent federal legislation include an Employee Retention Tax Credit, SBA Express Bridge Loans, a Small Business Exception to the FFCRA, and debt relief.

The SBA has also published a list of active SBA lenders (PDF) located in Arizona.