Photo via City of Phoenix
By City of Phoenix
The Small Business Financial Assistance Program (SBFAP) has been extended through March 31, 2025, providing eligible businesses along the South Central Extension/Downtown Hub light rail route to apply for up to $9,000 in grant funding.
New applicants and those who received funding previously are encouraged to apply. Eligible businesses must:
- Be located on the South Central Extension/Downtown Hub light rail extension
- Have 15 or fewer employees and annual revenue less than $750,000
- Have been in operation prior to the start of construction (June 2019)
- Demonstrate loss in revenue as compared to before construction
It is important to note that Tier I grant funding (providing $4,500 per grant) has been fully dispensed to local businesses and is no longer available.
To view all eligibility requirements and apply, visit https://prestamoscdfi.org/vm2025.
Since launching in 2021, SBFAP has distributed more than $1.58 million in grant funding to over 270 small and micro businesses immediately adjacent to light rail construction in Phoenix. Last year alone, the program granted more than $400,000 to 65 businesses located along the SCE/DH construction corridor.