AZ SB1630

Establishes a microbusiness revolving loan fund program administered by the Arizona Commerce Authority, funded through legislative appropriations, to provide low-interest loans to community development financial institutions and eligible local lending organizations for funding microbusinesses unable to obtain adequate credit.

Defines eligible lending organizations as small business lending consortia, certified development companies, USDA and SBA loan providers, credit unions, and community banks that demonstrate expertise in microbusiness lending analysis and creditworthiness evaluation.

Sets loan parameters with microloans under $25,000 and regular loans at $25,000 or more, limiting fund monies to 25 percent of loan principal amount (subject to authority adjustment by rule) and prohibiting application fees on approved loans of $5,000 or less.

Requires program loans to target minority-owned and women-owned enterprises and other microbusinesses lacking access to traditional credit for job creation and retention, including working capital, real property acquisition, equipment purchases, and debt refinancing.

Directs the Authority to submit a report by July 1, 2021 on factors related to increasing microfinance lenders in Arizona, and establishes program termination on July 1, 2030 per section 41-3102.