Phoenix businesses that are at least 2 years old, have a net worth of less than $7.5 million, and annual profits (after federal income tax) of less than $2.5 million may apply for microloan funds ranging from $25,000 to $100,000 through the Enterprise Community Microloan Participation Program operated by the city of Phoenix. Loans are provided by community lending institutions, with the city putting up 25 percent to 50 percent of the total loan amount. Call (602) 262-5040 for information.
This article was originally published in the March 1997 print edition of Entrepreneur with the headline: Capital Connections.
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