Small Business

Small businesses throughout Arizona have been hit especially hard by this pandemic. I am working to ensure that Arizona small businesses can access all of the information, resources, and assistance available to them. The purpose of this webpage is to share helpful links and information for business owners and those self-employed.


The current iteration of the Paycheck Protection Program expires March 31, 2021.


On March 16, 2021, the House of Representatives voted to pass the PPP Extension Act of 2021, which would extend the Paycheck Protection Program to May 31, instead of the current date of March 31, and give the Small Business Administration an additional 30 days to process loans. 

The American Rescue Plan, signed into law on March 11, 2021, includes $7.25 billion in additional funding for the Paycheck Protection Program (PPP), expanding eligibility of 501(c) nonprofits of all sizes and types, excluding lobbying organizations. In addition, the legislation also includes $1.5 billion for COVID-19 emergency grants through the Economic Injury Disaster Loan (EIDL) Program.

On February 22, 2021 President Biden announced a series of reforms to the Paycheck Protection Program to further target relief to the smallest businesses and those that have been left behind in previous relief efforts. For a fact sheet on these reforms, and other steps being taken to ensure equitable distribution of funds, click HERE.

On December 21, 2020, the House voted to pass H.R. 133, a joint COVID-19 aid and appropriations bill to address the public health and economic fallout caused by the coronavirus pandemic and fund the government through September 30, 2021. View the text of the legislation, HERE. For a one-page summary of the appropriations provisions, click HERE. For a one-page summary of COVID-19 relief provisions, click HERE.

H.R. 133:

$325 billion in new small business aid

  • $284 billion for first and second forgivable Paycheck Protection Program (PPP) loans, expanded PPP eligibility for 501(c)(6) nonprofits,
  • $20 billion for new EIDL Grants for businesses in low-income communities,
  • $3.5 billion for continued SBA debt relief payments, and
  • extension of the refundable Employee Retention Tax Credit (ERTC);

Paycheck Protection Program and Health Care Enhancement Act: emergency, interim legislation that will provide additional funding to the Paycheck Protection Program (PPP), the Economic Injury Disaster Loan (EIDL) and the EIDL Grant. This bill was signed into law on April 24, 2020.

New Funding Levels:

  • $310 billion has been added to the PPP fund.
    • $60 billion was set-aside for credit unions, banks, and smaller financial institutions. This measure is intended to benefit smaller, rural economies who will be hit hardest and for whom the PPP program has not provided adequate assistance thus far.
  • $50 billion has been added to the EIDL.
    • A portion of these EIDL loans will be allocated to agricultural enterprises.
  • $10 billion has been added to the EIDL Grant.

Paycheck Protection Flexibility Actlegislation to improve the Paycheck Protection Program (PPP) by increasing flexibility in allowable loan spending for small businesses. This bill was signed into law on June 5, 2020. The bill:

  • allows loan forgiveness for expenses beyond the 8-week covered period to 24 weeks, and extends the rehiring deadline;
  • increases the current forgivable limitation on spending for nonpayroll expenses like rent, utility payments, and mortgage interest from 25 to 40 percent;
  • extends PPP from June 30 to December 31;
  • extends loan terms from two to five years;
  • and ensures that businesses that take PPP loans have full access to payroll tax deferment.


For a fact sheet on provisions available to small businesses under the CARES Act, click HERE


  • Under the recently passed CARES Act, the Paycheck Protection Program is designed to provide a direct incentive for small businesses to keep their workers on payroll by providing each small business a loan up to $10 million for payroll and certain other expenses. 
  • If all employees are kept on payroll for eight weeks, the Small Business Administration will forgive the portion of the loans used for payroll, rent, mortgage interest, or utilities. Up to 100 percent of the loan is forgivable. Under the PPP, 75 percent of the loan must be spent on payroll costs.
  • Eligible businesses include those with under 500 employees, sole proprietorships, self-employed individuals, independent contractors and 501(c)(3) or 501(c)(19) non-profits or veterans organizations. Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.
  • Affiliation rules have been waived for  any business that employs not more 500 employees per physical location and is assigned a NAICS code beginning with 72, any business operating as a franchise that is assigned a franchise identifier by the SBA, and any company that receives funding through a Small Business Investment Company.
  • Banks in Arizona began accepting applications on Friday, April 3rd, and more local lenders are setting up their process every day. Independent contractors and the self employed will be eligible to apply for the PPP beginning on April 10th. Arizona businesses can apply directly for these loans through an approved local lender. Click HERE to find an approved local lender.


  • The Small Business Administration has made low-interest federal disaster loans for working capital available to small businesses suffering substantial economic injury as a result of the Coronavirus.
  • Small Businesses with 500 or fewer employees, sole proprietorships, independent contractors, cooperatives and employee owned businesses, tribal small businesses, and 501(c), (d), or (e) non-profits are eligible to apply.
  • Economic Injury Disaster Loans (EIDL) offer up to $2 million in assistance to help overcome temporary loss of revenue. The interest rate is 3.75% for small businesses.  The interest rate for non-profits is 2.75%. SBA offers loans with long term repayments, up to a maximum of 30 years. Terms are determined on a case-by-case basis.
  • Eligible entities are also able to an advance of $10,000, when applying for an EIDL.  These funds will be deposited directly into the applicant’s account within 3 days to help cover short-term costs. 
  • Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact.

Apply Here

For additional information, borrowers should contact the SBA Disaster Assistance customer service center by calling 1-800-659-2955 or emailing They can also visit for more information.

**For technical issues, specific questions regarding the application process, or needs for additional SBA information,  contact the SBA Arizona District Office, which has locations in Phoenix, Show Low, and Tucson.**

For a fact sheet from the U.S. Chamber, visit HERE.


This program provides a refundable payroll tax credit equal to 50 percent of up to $10,000 in wages per employee (including health benefits) paid by certain employers during the coronavirus crisis.

This is an option for entities that are not eligible or interested in applying for the SBA Paycheck Protection Program loans. More information on this program is available from the IRS, HERE.


Additional Information: 

The Treasury Department and IRS also have issued an Interim Final Rule that would allow banks to neutralize regulatory capital effects. Specifically, it would permit banks to exclude exposures pledged as collateral to the PPPL Facility from a bank’s total leverage exposure, average total consolidated assets, advanced approaches-total risk-weighted assets, and standardized total risk-weighted assets. For more information, see the Federal Register Notice: Regulatory Capital Rule



Wondering how much funding your business is eligible for? Use the Arizona Commerce Authority's PPP Loan Calculator

For Arizona-specific workforce information and resources, click HERE.

Guidance from the CDC for businesses and employers to plan and respond to coronavirus, HERE.

Small Business Development Centers, Women’s Business Centers, and SCORE counselors are available to help guide small businesses with their specific questions about their eligibility and the application process. Arizona SBDC can connect small businesses with these local resource partners.

Download a fact sheet on the SBA's Disaster Assistance in Response to the Coronavirus.

Download the SBA's Economic Injury Worksheet to assist in your loan application.

Download a list of Arizona's SBA Lenders.