Non NMTC Programs

As Phoenix Community Development Investment Corporation (PCDIC) loans made under the New Market Tax Credit Program (NMTC) have paid off, PCDIC and its Board have chosen to use these revenues by creating new loan opportunites for businesses in low income census tracts within Maricopa County.  The programs that are currently availalbe include the following: 


Phoenix Sky Harbor Loan Program

The Phoenix Sky Harbor Loan Program (Program) was established in partnership with Mutual Bank of Omaha and HMSHost. The loan program provides low cost capital to qualified businesses with the intention of creating jobs, educational opportunities and other benefits for the low-to-moderate income community.  The initial fund of $4MM is dedicated to providing loans to subtenants of HMS Host doing business in Terminal 4 of Phoenix Sky Harbor International Airport.

Initiated in 2013, the Program has made 5 loans valued at $2.6MM, which created 216 new jobs and retained 171 jobs. The beneficiaries of this program include the businesses who receive below-market interest rate loans, favorable loan to cost terms (85 to 90 percent), and ten year amortization on a five year loan term. In addition, employees benefit by having new job opportunities with benefits, educational opportunities and on-the-job training and/or internships to develop new skills.


El Bravo Sky Harbor LLC  
Premier Airport Food Service Inc  
Performance Management Consulting Services, LLC (d.b.a Press Coffee)  
Cartel Sky Harbor LLC  
Sir Vezas Taco Garage @ Sky Harbor  


Business Loan Alliance Program (BLA)

Established in 2012, Arizona’s Business Loan Alliance is a groundbreaking, $12 million loan collaborative designed to help small business owners secure the capital they need to flourish. Loans range from $50,000 to $500,000 and carry favorable rates and terms for creditworthy companies that lack adequate equity investment or sufficient collateral to secure a conventional loan. The BLA was formed as a working capital loan program for small businesses with inventory, equipment, & working capital needs. 


Toy's By Daphne  
Sun Valley Charter School