Small Business Grants Arizona | How to Secure Startup Cost with small business grants arizona

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As an Arizona small business owner, you may wonder what grants options are available to help you grow your company.

The good news is that the state government and other organizations have a number of grants available that can provide much-needed financial assistance.

In this article, we’ll look at some of the small business grants available in Arizona and how to apply for them. We’ll also provide some tips on what to do if you’re not successful in securing funding.

So whether you’re just starting or you’ve been in business for a while, keep reading to find out more about small business grants in Arizona.

Related: Small Business Grants Illinois | Top Grants & Loans for Small Business in Illinois

Why Pursue Grants?

There are advantages to obtaining grants for your small business in arizona.

The main reason you might want to look into grants is that they provide financial assistance that does not have to be repaid.

This can be a huge help when your business is just getting started, and you’re trying to cover start-up costs.

Another advantage of grants is that they can frequently be used for specific purposes such as training costs, marketing campaigns, or new equipment.

This can be useful if you need funding for a specific project but don’t have the cash on hand to cover the costs.

Finally, obtaining a grant can help your small business gain credibility.

This is especially true if the grant comes from a reputable organization or government agency.

Grants, however, have a disadvantage. The application process can be time-consuming and complicated, so make sure you’re willing to put in the effort.

Furthermore, even if you meet all of the requirements, there is no guarantee that you will be awarded a grant.

If you genuinely think that a grant is too complex for you, know that there are private lending agencies that exist to help small business owners.

LendThrive is one such lender that provides fixed-rate business loans ranging from $25,000 to $150,000 for any business purpose, including paying rent and bills, covering payroll, purchasing new equipment, and expanding operations.

The entire application process is completed online, and you can be approved in as little as 24 hours.

Where Can You Get Small Business Grants in Arizona?

There are hundreds of grants available for small business owners in Arizona, both from federal and private organizations.

Here are some of the more popular ones:

Related: Louisiana Nonprofit and Small Business Assistance Programs: Eligibility and Deadline

#1. PHXbizGrants Program

The PHXbizGrants Program is a city of Phoenix small business grant that awards up to $15,000 to micro and small businesses.

The grant is intended to cover business expenses that the Internal Revenue Service classifies as “deductible expenses.” Recipients can use the funds for business rent or mortgage payments, payroll, inventory, utilities, insurance, and other expenses.

This is a relatively new program that arose from an $8 million fund allocation in the American Rescue Plan Act of 2021 to assist small businesses in recovering from the pandemic.

#2. Arizona Small Business Association

This opportunity is made possible by a $925,000 grant from the ASBA’s Growing Opportunities Grant.

It exists to provide participants with mentorship, training, resources, and support as they launch their own businesses.

#3. EmergeAZ Fast II

EmergeAZ Fast II is the result of a $1.5 million investment by Governor Doug Ducey to provide small businesses with financial and mentoring support following the pandemic.

Grant recipients have access to mentors and peers with solid business experience thanks to a collaboration between StartupAZ and InvisionAZ.

The mentors will meet with the recipients quarterly for about a year to provide guidance and monitor their progress. Grants range from $25,000 to $50,000.

#4. AZSTEP Grant

The Arizona State Trade Expansion Program (AZSTEP) assists Arizona small business owners in expanding into new international markets or entering export opportunities worldwide.

The US Small Business Administration contributes to its funding (SBA). AZSTEP connects entrepreneurs in rural and urban areas with global prospects, allowing them to diversify their client base, increase revenues, and create more jobs.

To apply, go to the AZSTEP website. 

Related: Small Business Grants Indiana: Requirements and How to Apply

#5. Small Business Innovation Research (SBIR) Program

If your business is involved in scientific research and development, then these federal-provided small business grants may be for you.

This opportunity encourages businesses to engage in research that helps meet government development goals and may have a high potential for commercialization. 

To be qualified as a Small Business Concern (SBC) as described by 13 C.F.R. 701–705 of SBA regulations, the application must first meet the requirements for an SBIR award.

An SBC is a legally recognized business that is organized for profit, conducts business within the United States, has no more than 500 employees, and is directly owned and controlled by U.S. citizens at a rate of at least 50%.

6. Amber Grant for Women

In 1998, WomensNet established the Amber Grant in honor of Amber Wigdahl.

Every month, the group awards at least $30,000 in grants to female entrepreneurs in Arizona (and anywhere in the United States).

The grant amounts range from $10,000 to $25,000 to help with various pursuits such as business, marketing, and other endeavors.

They also provide Mini-Grants of up to $2,000 to help with a variety of expenses.

To qualify, the businesses must be at least 50% female-owned and headquartered in the United States or Canada to qualify.

To be eligible for the following month’s grant granting, applications must be received by the final day of the month.

FAQs

How do I apply for a grant in Arizona?

  • STEP 1: Register for FEMA’s Public Assistance Grant Program. …
  • STEP 2: Sign up to access all COVID-19-related grants and funding opportunities. …
  • STEP 3: Begin Tracking all COVID-19 Expenses. …
  • STEP 4: Apply for COVID-19-related Grants and Funding Opportunities from the State of Arizona.

Is there a grant for Arizona?

The federal government and Arizona’s office of finance have set aside $14,479.00 million in federal grants and $12,997.00 million in other types of government financial assistance for Arizona residents.

Does Arizona have grants for college?

Arizona Native Scholars Grant

An institutional grant program that ensures Native Arizona residents and Undergraduate students are fully covered for tuition, mandatory fees, tuition differentials, and program fees.

How can I get money to help my business?

  • Savings/family loans.
  • Bank overdrafts.
  • Business grants.
  • Invoice finance.
  • Community schemes (CDFIs)
  • Crowdfunding.
  • Business cash advance.
  • Asset finance.

What programs are available for single mothers in Arizona?

  • Arizona Cash Assistance Program.
  • Arizona Nutrition Assistance Program (NA)
  • Arizona Emergency Food Assistance Program (TEFAP)
  • Arizona Special Program for Women, Infants & Children (WIC)
  • Arizona Medicaid Program.
  • Arizona KidsCare.
  • Arizona Head Start and Early Head Start

Conclusion

The programs and grants mentioned above are good options for assisting your small business and taking it to the next level during a setback.

Additionally, you can find more details at the conclusion of each grant description.

We hope you found this article helpful.

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