The year 2020 can be a year of economic change for people who have dreamed of owning a small business or expanding a current business. Starting or expanding a small business takes courage and the willingness to accept new challenges. It takes planning to overcome those challenges and to take risks to achieve the rewards of a growing business. It also requires access to financing. These are two challenges with which our local non-profit community-focused business development partners can help. They can help generate a business plan and get access to capital (business loans).
County services are available for people who want to start a business or want to know how to get a commercial business loan, especially if it is a start-up. County residents also have access to commercial loans to hire more staff and expand an existing small business.
People interested in these services should follow the simple steps to unlocking financing in 2020. Business loan funds are available at varying interest levels depending on the amount of financing (loans up to $150,000 are possible to start and expand businesses in Coconino County).
Step A: Have a complete business plan (with financial projections). If people don’t have one, there are resources available through Coconino County Health and Human Services (CCHHS) Basic Business Empowerment Program or the Coconino Small Business Development Center (Coconino SBDC).
Step B: Connect with the Sustainable Economic Development Initiative (SEDI) to apply for a business loan.
Here’s how entrepreneurs and small business owners can learn more.
For CCHHS Business Plan Development Training
Visit the Website: BBE
Complete the PDF Online Application and schedule to attend a low-fee business training course.
For Business Assistance:
Visit the Website: coconino.edu/sbdc-contact
Complete the Coconino SBDC Registration form and schedule a free appointment with your Business Consultant at Coconino SBDC.
For Loan Applications:
Visit the Website: sedinaz.org/dollars4dreams.
- Email an application request to SEDI Director, Cory Runge at firstname.lastname@example.org.
- Complete the application (business plan needed, with financial projections to be considered for a loan)
Contact by phone:
Business Plan Development Training: CCHHS Basic Business Empowerment Program Manager, Scott Neuman: 928-679-7463
Business Assistance: Coconino Small Business Development Center, Director Gina Couillard: 928-526-7644
Business Loans though Sustainable Economic Development Initiative (SEDI): Director of SEDI, Cory Runge: 928-233-8680
Visit in Person:
CCHHS Basic Business Empowerment: 2625 N. King St. Flagstaff, AZ 86004
Coconino Small Business Development Center: 3000 Nth 4th Street. Flagstaff AZ 86004
Sustainable Economic Development Initiative: 616 Nth Beaver St. Flagstaff, AZ 86001
These business training programs and lending programs are available to all Coconino County residents as courses are offered in multiple cities throughout the year. Make 2020 the year to start or expand a small business and begin to reap the rewards. FBN
By Chris Pasterz
Chris Pasterz is the economic development manager for Coconino County.