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Small Business Lending Academy

Securing funding can be a daunting task even for the most experienced of businesses. To address this challenge, the Arizona Commerce Authority has designed the Small Business Lending Academy. This comprehensive six-week program is designed for Socially and Economically Disadvantaged Businesses (SEDI) and Very Small Businesses (VSBs) to assist in generating the proper documentation for a microloan (under $50,000).

 

The program is competitive, and has business experience and time requirements. Admittance into the program is by application only and the program is offered at no cost, with an approximate value of $2,000 per participant. Space is limited due to the content and design of the program.

 

Applications for the Small Business Lending Academy will open March 10, 2025

Information Session

Join the ACA for an inside look at how the Small Business Lending Academy fall cohort operates. 

 

 

 

Upcoming Cohort Dates

'25 Cohort One

  • Applications open & Information Session - March 10
  • Applications close - March 28
  • Session 1 - April 15
  • Session 2 - April 22
  • Session 3 - April 29
  • Session 4 - May 6
  • Session 5 - May 13
  • Session 6 - May 20

 

'25 Cohort Two

  • Applications open & Information Session - August 4
  • Applications close - August 22
  • Session 1 - September 9
  • Session 2 - September 16
  • Session 3 - September 23
  • Session 4 - September 30
  • Session 5 - October 7
  • Session 6 - October 14
About The Lending Academy

Participants will benefit from the expertise of financial and lending professionals who will help guide them through completing a micro-funding loan packet and preparing a lean business plan. This six-week program will assist in generating accurate financial statements, character and a business plan.  

 

The Small Business Lending Academy program will assist participants with the following: 
  • Preparation: Microlending requirements differ from higher value loans. Experts in the field of Microlending will educate participants on the general process of lending. 
  • Accountability: Consistent instruction and program design gives participants the structure they need to complete the cohort within the 6-week timeframe.
  • Expert Mentors: Financials and legal aspects are pivotal part in any loan application. The ACA has contracted with accounting and legal professionals to help your business prepare for funding in personalized one-on-one sessions.
  • Character Building: Micro-lending focuses on the character of the applicant and their story. Participants can display their dedication and willingness through developing a lean business plan. Participants will also be instructed how to present their lean business plan with confidence.  
  • Planning for the Future: At the conclusion of the program, most participants will have a completed micro-loan packet, ready to submit for funding. They will also have developed a roadmap for tracking their finances and a legal check up of their business. This develops positive financial habits well beyond the program and funding, giving businesses the opportunity to evolve and scale.

 

Businesses that properly complete the program will have a micro-loan packet that contains:
  • Lean business plan & verbal presentation of plan 
  • 12-month business projections 
  • Year-to-date Projected Profit and Loss Statement  
  • Year-to-date Balance Sheet 
  • Financial and legal structure and programming for the future

 

Having completed documents does not guarantee a lender will disburse a loan to the business, even after successful completion of the program. Each business can be in a different lifecycle and individual results may vary.

Requirements: 

This program is geared towards businesses that have the minimum requirements below:

  • Preparing to seek a business loan under $50,000 
  • Yearly gross revenue under $250,000 
  • Must be in business at least 2+ Years (active, not just established) 
  • Be a Socially Economically Disadvantaged Individual (SEDI) OR Very Small Business (VSP - Under 10 employees)
  • Two years of personal federal income tax returns and the previous year's business tax return  
  • Must be located in Arizona 
  • Currently have a financial system in place to track business expenditures and income (ex: QuickBooks, FreshBooks, Xero, Wave, business accountant, etc.)

 

If your business does not meet these requirements or you are a business looking for assistance getting started, please review the small business checklist for more information. 

 

Cohort Curriculum

Week 1

Program orientation/Professional services scheduling

The Small Business Lending Academy cohort is a fast-paced, six-week program. During the kick-off session, participants will be introduced to program expectations, timelines, communication protocols and instructors. Participants will also register for Google Classroom and schedule their appointments with their accounting and legal professional. 

  • Q&A: Participants will have the opportunity to ask any questions they have about the program's expectations.
  • Scheduling Intake Sessions: A crucial part of the program is connecting with your accounting and legal professional. The first task will be to arrange an intake session with the contracted accounting and legal entity. 

 

Week 2

Understanding Debt Lending

Cohort Meeting: Participants will learn more about the debt lending process and how to request the correct amount of funds. Other concepts will be discussed such as collateral, debt schedules, repaying debt and leveraging debt. Lending requires general financial documentation. Participants will compare these requirements to their current financials.

 

Week 3-5

Drafting Your Lean Business Plan & Presentation

Week 3: Participants will learn about the importance of a business plan and its various components. They will understand what is needed in their business plan for successful submission and presentation in Week 5. Participants will learn and construct their lean business plan on the topics of Identity, Problem, Solution and Target Market(s).  

Week 4: Participants will learn and prepare to present their lean business plan.   

Week 5: Participants will present their business plan to a panel for feedback. 

Weekly Accounting & Legal Sessions: Meet one-on-one with a financial and legal advisor from weeks 3-5 for targeted guidance related to being loan ready.  

 

Week 6

Lender reverse pitch & Graduation

Participants will listen to local lenders that will “pitch” their loan products. There will also be local resource partners that will explain continuing education opportunities for businesses. Following after, participants will receive a graduation certificate and a resource sheet for next steps.

Questions or Concerns?
If you have any questions about participating in Lending Academy, please contact Small Business at [email protected].