Financing Programs

Entreprenurial & Small Business Training Scholarships

Provides competitive grant funding for entrepreneurs and small business owners that meet certain eligibility criteria to attend NxLevel courses focused on determining the viability of their business. Coursework addresses legal and financial issues, staffing, accounting, record-keeping and marketing. In addition, individual counseling and coaching will help to complete the business plan and prepare to request financing from banks, investors and/or public institutions. 

MCEDD, SBDC and regional community banks co-sponsor a 12-week NxLevel for Entrepreneurs / Small Business course, taking entrepreneurs and small business owners step-by-step through the business planning process. The grant covers 100% of tuition costs, books, and materials; transportation and meals are not included. Competitive applications for the course are accepted beginning in June. (visit page)

Small Business Administration 7a Loan Program

7(a) loans are the most basic and most used type loan of SBA’s business loan programs. Its name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to American small businesses. Maximum loan size is $2,000,000. (visit page)

Small Business Administration SBA Express Loan Program

Provides streamlined process for business to receive loans of $350,000 or less for start-up costs or expansion. Loans can be used for a revolving line of credit. (visit page

Small Business Administration 504 Loan Program

The CDC/504 loan program is a long-term financing tool for economic development within a community. The 504 Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. (visit page

Small Business Administration Microloan Program

The Microloan Program provides very small loans to start-up, newly established, or growing small business concerns. Under this program, SBA makes funds available to nonprofit community based lenders (intermediaries) which, in turn, make loans to eligible borrowers in amounts up to a maximum of $35,000. The average loan size is about $13,000. Applications are submitted to the local intermediary and all credit decisions are made on the local level. (visit page

Small Business Administration CAPLines

CAPLines is the umbrella program under which the SBA helps small businesses meet their short-term and cyclical working-capital needs. (visit page)

Mohave County Industrial Development Authority

The Industrial Development Authority of the County of Mohave, Arizona (The "Authority") is organized under Title 35, Chapter 5 of the Arizona Revised Statutes as amended (the "Act"), and was created and approved for incorporation by the Mohave County Board of Supervisors as a non-profit corporation on December 27, 1977. It also was designated by statute as a political subdivision of the State of Arizona. 

The Authority was created to take advantage of federal tax laws allowing tax-exempt financing or refinancing for a variety of private concerns including the costs of the acquisition, construction, improvement, rehabilitation or equipping of a "project,", including:

  • Manufacturing
  • Distribution
  • Warehousing
  • Health care
  • Affordable housing
  • Research and development facilities
  • Pollution control facilities

The Authority does not provide bond funds to an applicant. Bond funds are provided by the bond purchaser(s). It is the responsibility of the applicant to obtain a purchaser for the Authority's bonds. In many cases, the purchaser of the bonds will be a financial institution or, in the event the bonds are to be sold to the public, an investment banker. Revenue bonds are not a direct lending or government guarantee program. Applicants must secure a purchaser of the revenue bonds on the merits of the project and the financial standing of the applicant. The Authority merely acts as a "conduit" or "pass-through" for the issuance of revenue bonds. (visit page) 

Financial Check-Ups At No Charge

Would your small business benefit from a financial check-up at no charge to you? The Mohave Small Business Development Center (SBDC) is positioned to analyze your financials using sophisticated software designed to give you the information needed to assess your business' financial health. Give them a call at #928-757-0895. (visit page)