About The Program
Valley Metro and City of Phoenix, in conjunction with Prestamos CDFI, are assisting qualified program participants in the area of the South Central/Downtown Hub and Northwest Extension Phase II light rail extensions, with financial assistance.
The Valley Metro – Small Business Financial Assistance Program (SBFAP) Pilot will work with small businesses in these areas that may qualify for a grant up to $9,000.
Upon approval for an SBFAP award, SBFAP funds must be used to pay current expenses or past due costs*, if within the claimed impact period, for the following fixed operating expenses:
- Rent or mortgage payments
- Other types of documented business-related operational expenses may be requested and considered.
*Local, state, and federal taxes are not deemed fixed operating expenses for the purposes of the SBFAP.
Not eligible: Residential property(ies), places of worship, schools, banks, hotels, government agencies, utility companies, businesses generating over 60% of revenues from the sale of alcoholic beverages, businesses generating revenues from the sale of marijuana, sexually-oriented businesses or topless bars (as defined in the Phoenix City Code) or unoccupied buildings.