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Small Business Loans

Loan Requirements

Requirements for a loan depend on your form of incorporation and length of time in business. 

Please note that we do not make unsecured loans and collateral is required in all cases.

Microloan ($500 – $10K) Requirements

Established Business (2+ years old)

  • Registered Business (e.g. sole proprietorship, LLC, etc.) in southern Arizona
  • Business Bank Account
  • Previous 3 months business bank statements
  • Profit & Loss / Income Statement – Most recent year and/or YTD
  • Balance Sheet / Statement of Financial Position – Most recent year and/or YTD
  • Previous Year Business Tax Return
  • Credit Report for each owner (pulled by CIC upon application)
  • Copy of driver’s license or government issued photo ID for each owner
  • Willingness to sign a Personal Guarantee (all owners and spouses)
  • Other documentation as requested

Early Stage Business (<2 years old)

  • Registered Business (sole propietorship, LLC, etc.) in southern Arizona
  • Business Bank Account
  • Completed Business Plan and/or Lean Canvas
  • Pro Forma Financial Statement
  • 3 Months’ Bank Statements*
  • Previous Year Business Tax Return, if available
  • Business Financials, if available
  • Copy of driver’s license or government issued photo ID for each owner
  • Credit Report for each owner (pulled by CIC upon application)
  • Willingness to sign a Personal Guarantee (all owners and spouses)
  • Other documentation as requested
    * If business bank statements are not available, provide what is available AND previous 3 months of personal bank statements

Standard Loan ($10K to $100K) Requirements

Established Business (2+ years old)

  • Copy of driver’s license or government issued photo ID for each owner
  • Registered Business (e.g. sole proprietorship, LLC, etc.) in southern Arizona
  • Business Bank Account
  • Previous 3 months business bank statements
  • Previous 2 years business tax returns
  • Previous 2 years personal tax returns
  • Previous 2 years business financials (actuals) including Profit & Loss Statement and Balance Sheet
  • Credit Report (pulled by CIC upon application)
  • Willingness to sign a Personal Guarantee
  • Other documentation as requested.

Early Stage Business (<2 years old)

  • Copy of driver’s license or government issued photo ID for each owner
  • Registered Business (e.g. sole proprietorship, LLC, etc.) in southern Arizona
  • Business Bank Account
  • A completed business plan or lean canvas
  • Name and contact information for 2 business references
  • Previous 3 months business bank statements*
  • Any business tax returns, if available
  • Previous 2 years personal tax returns
  • Any business financials (actuals) including Profit & Loss Statement and Balance Sheet
  • If business financials are not available, provide a Pro Forma (business projections) for upcoming 2 years
  • Credit Report (pulled by CIC upon application)
  • Two Business References
  • Willingness to sign a Personal Guarantee
  • Other documentation as requested

* If business bank statements are not available, provide what is available AND previous 3 months of personal bank statements

Are you still in the early stages of your business? We have tools that are useful in developing your ideas or taking the next step in growth!

For more information

Contact us at lending@cictucson.org or 520-529-1766 x206.