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Small Business Funding

‘Green’ microloans offered in Arizona for small businesses [Video]

The U.S. Small Business Administration is set to expand its existing loan program to include a climate and sustainability initiative.

PHOENIX — For delivery driver Lorenzo Cruz, the driver’s seat is his office.

And these days, the office is a much more enjoyable place to work.

Cruz drives a slick new Toyota Hybrid van. Gone are the days of repairs, sputtering air conditioning and incessant gas runs that came with the old van.

“It’s been such an upgrade for us,” Cruz said. “I only have to fill up twice a week, sometimes only once.”

Helping Businesses Implement ‘Sustainability Solutions’

Cruz’s boss owns Social Spin, an Arizona company that cleans and delivers laundry for businesses and homes across the Valley. Social Spin’s owner purchased the van with an extremely low 3% loan that was granted – in part – on her projected monthly savings in gas purchases.

“The loan opportunity presented itself at the perfect time,” said Christy Moore. 

Yes, …

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