How does EXPAND Work?

• EXPAND is not a substitute for a conventional loan. Rather, it works in partnership with lenders to make credit more readily available to growing businesses.
• The EXPAND collateral reserve encourages lender participation by providing additional collateral for loans that otherwise could not be approved.
• The EXPAND collateral reserve deposit is pledged in an amount up to 25% of the loan, to a dollar ceiling of $150,000.
• If the business is located in the Enterprise Community (see map at right), this percentage may be as high as 50%.
• A minimum of one permanent job must be created for every $35,000 of EXPAND collateral provide.

How does EXPAND work?	What types of projects are eligible?
Who is eligible?	How does a typical project work?
Return EXPAND page	Apply for EXPAND

You may request information on city of Phoenix business assistance services through our e-mail address, business@phoenix.gov, or by calling at (602) 534-CITY (2489). Please include your full mail address and phone number.