Tempe Small Business Emergency Loan Program

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Tempe Small Business Emergency Loan Program

To aid Tempe business owners,Desert Financial has partnered with the City of Tempe to create the $1 million Tempe Small Business Emergency Loan Program. Business owners may receive a microloan between $5,000 and $20,000 at a 4% fixed rate, with a 48 month repayment term.

 

Am I eligible?

  • Less than 50 employees
  • Sole proprietorship, limited liability company, corporation, or other form of business enterprise, operating within the city of Tempe
  • Up to three locations
  • Operated in Tempe for more than two years
  • FICO score of 640 or better
  • Applicant agrees to use loan proceeds to offset the negative impact of the COVID-19 pandemic or resulting restrictions on applicant’s business

 

Additional guidelines and application here