Community Investment Loan Program
The Business Development Finance Corporation markets and originates loans under the Community Investment Loan Program of the Industrial Development Authority of the City of Tucson ("Tucson IDA"). The Tucson IDA seeks projects with economic development, affordable housing, or downtown, neighborhood or community development objectives.
Program Highlights
Loans to Non-Profit organizations for Projects located in the City of Tucson which provide:
  • Economic Development / Business Expansion
  • Affordable Housing
  • Downtown, Neighborhood or Community Development
  • Loan terms up to 5 years with up to 20 year Amortization
  • Non-Profit Interest Rate: 300 basis points over yield on US Treasury security comparable maturity, but no lower than 4.5%
  • $25,000 to $150,000 Loans - More with Lender Participation
Application fees: $100.00 Commitment Fee - .5% of loan amount payable upon final loan approval (non-refundable). Origination / Disburement Fee - .5% of loan amount (single disbursement) or of amount disbursed (revolving line of credit). Borrower responsible for all 3rd party fees.

For more information contact:

Karen Valdez or Gary Molenda
Business Development Finance Corporation
335 N Wilmot, Suite 420
Tucson, AZ 85711
Phone : (520) 882-5591
Fax : (520) 624-1728

Click here to review loan policy

Click here to view loan application