Commercial Loans

Loan Requirements

  • Be an enrolled GRIC member
  • Be at least 18 years of age
  • If operating within GRIC, a GRIC business license is required prior to receipt of the loan.
  • Hold a minimum level of business management or operational experience (depending on industry, generally a minimum of 3-5 years)
  • If the business owner has or is planning to hire employees, the business must have or be in the process of obtaining an Employer Identification Number (EIN).
  • In the case of partnerships, corporations, limited partnerships, limited liability companies, the enrolled member(s) must own at least 51% of the business entity AND hold the position of President, Chief Operating Officer, General Partner or Manager.
  • Satisfied prior loans with GRIC/cannot be in default (under any loan from the Community or PLFC).
  • A family living in the same household is not eligible for more than one PLFC business loan at any one time. All persons living in the same household will be considered a “family.”

Business Plan Development Process

Give us a call and submit a Loan Intake Form to be assigned a Business Analyst. Clients will meet with the Business Analyst for as long as it takes to complete the Business Plan. The client will have “homework” or research to complete with the assistance of a Business Analyst.

PLFC requires certain documents as outlined in the Loan Document Checklist and will work with you to complete your package.

In your Preliminary Marketing Plan, questions that you need to consider:

  • What products or services will you sell?
  • Who will you sell to and at what quantity?
  • Where and how will you deliver?
  • What will be the costs to produce, sell and deliver?
  • How much will you charge?


Loan Process

With a complete Business Plan in hand, the assigned Business Analyst will present the loan proposal to the PLFC Loan Committee.

An individual’s credit report will not disqualify one for a loan and PLFC offers credit repair services. The Loan Rating Evaluation worksheet will assist PLFC in determining the risk of the loan request and basis for forwarding or not forwarding the loan request to the loan committee.

Loan Recipient’s Responsibilities

In the majority of cases, PLFC will disburse the loan proceeds directly to third party vendors for the benefit of the loan recipient. Loan recipients are required to produce invoices and/or receipts and show items purchased with the loan proceeds to PLFC staff. PLFC staff have the ongoing right to request, examine and receive financial records of the borrower(s) at its discretion.

Business Plan Outline

The real value of creating a business plan is not in having the finished product in hand; rather, the value lies in the process of researching and thinking about your business in a systematic way. The act of planning helps you to think things through thoroughly, study and research if you are not sure of the facts, and look at your ideas critically. It takes time now, but avoids costly, perhaps disastrous, mistakes later.

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Contact Us

Pima Leasing & Financing Corporation
5350 North 48th Street #245
Chandler, AZ 85226

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(520) 796-2454
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