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This Summer Your Business Will Shine

Preliminary economic data from US Federal Government is showing a spectacular recovery with an estimated growth of 6.4% GDP for the first quarter of 2021. Additionally, other sources estimate that consumer spending is skyrocketing at 10.7 in Q1 of 2021.

That is good news for your small business because it means that the average consumer is now spending more money than it was a year ago and the trend is upward.

Here we share some tips with you to make your business shine to the eyes of your prospects and clients and be part of this strong demand for products and services. Please remember the old saying “Locals like to buy from locals.”

Yellow background, happy woman in sunglasses


Diversify your offerings to suit the local community during the hot summer months. Summer represents a great opportunity to provide new items in your store that reflect the season. If your business is part of the service industry, offer to meet your clients in local hotspots that that are more convenient so they may avoid the travel. In addition to experiencing and supporting a new local business, you also get to engage your clients in a new way!

Offer “Local Discounts” for the local community to reward them for shopping local. Feel free to unleash your imagination and promote your business with coupons, discounts, and special offers to locals using your traditional channels and your business social media accounts.

Summer is hot and ice cream parlors and similar venues turn into popular spaces during the summer for people trying to refresh with a cold treat during the hot months. Your business can benefit from this trend if you collaborate up with a local ice cream shop to offer coupons per every purchase in your store.

The Summer is here and your business will shine with increased sales and profits!

Chicanos Por La Causa Women’s Business Center

Chicanos Por La Causa Selected by the U.S. Small Business Administration to Operate a Women’s Business Center

PHOENIX — The U.S. Small Business Administration (SBA) announced grant awards that would support the launch of 20 new Women’s Business Centers across the United States, with Chicanos Por La Causa, Inc. (CPLC) being one of the recipients of the grant. This expansion marked the single largest of WBC’s across the country in its 30-year tenure.


Prestamos CDFI, a division of CPLC, will oversee the CPLC Women’s Business Center (CPLC WBC) expected to serve every year over 1,000 aspiring and established female entrepreneurs in the metro Phoenix area, rural and other underserved communities. Offering one-on-one counseling, training, workshops, and technical assistance. CPLC WBC will work to empower women entrepreneurs and arm them with the resources they need to overcome the obstacles presented by the pandemic and business world, including access to capital.

“Small businesses are the economic engine of our economy and their social impact on our communities is profound. The CPLC WBC recognizes that women entrepreneurs face unique barriers to starting and operating small businesses and accessing capital. It is vital that we create a space where minority, female, and entrepreneurs in underserved communities can access not only quality financial and business education, but also be provided with the opportunity to access capital to help these businesses thrive,” said Teresa Miranda, Vice President of Prestamos CDFI.

“Expanding the WBC program is part of this Administration’s longstanding commitment to the success of female entrepreneurs and women-owned small businesses. Adding these new Women’s Business Centers to the already existing network of centers across America will boost timely resources to our nation’s female economic drivers, providing them with local training and counseling,” said Jovita Carranza, SBA Administrator.

By educating and empowering underserved female entrepreneurs, the work through CPLC WBC will provide pathways for small businesses to not only flourish but also contribute to the economic, cultural, and social vitality of our communities.

“Bringing a Women’s Business Center back to Maricopa County, home to over 4.5 million people, is going to be instrumental in helping our small business community recover from the pandemic. CPLC’s WBC will provide training and education that will empower women who lost jobs or had to pivot to remain home to care for children, with additional opportunities to become entrepreneurs and create businesses. Our team of expert business advisors will work on assisting clients with help on topics such as financial management, marketing, human resources, and much more. We look forward to continuing to provide valuable and trusted resources to our community,” said Amber Cordoba, Prestamos CDFI Director of Business Education and Consulting Services.

For more information about the CPLC WBC or to receive updates visit our Women’s Business Center page.

CPLC Prestamos is an award-winning Community Development Financial Institution (CDFI) and Community Development Entity (CDE) that has provided small business loans and high-quality technical support services to business owners in underserved communities since 1980. Prestamos now offers loan products and investment opportunities in Arizona, California, Nevada, New Mexico, and Texas.


A big thank you from our clients - many Prestamos Clients in a grid

$5 Million Award Will Help Invest in Underrepresented Communities of Color

PHOENIX — A much-needed $5 million “shot in the arm” from philanthropist MacKenzie Scott will enable Chicanos Por La Causa Prestamos CDFI to infuse crucial capital into Latino and other underserved communities.

Prestamos, CPLC’s mission-driven lending division, will seek to leverage the $5 million award to garner an additional $20 million in accessible capital for underrepresented communities and business owners in Arizona, Nevada, New Mexico, Texas, and California.

“We are motivated to invest these funds in our community to help fuel the economic recovery and create jobs supporting families that are suffering the debilitating effects of the pandemic. COVID-19 disproportionally impacted black and brown communities,” said David Adame, President & CEO of Chicanos Por La Causa.

Since the pandemic began, CPLC Prestamos has helped 1,028 businesses, already deploying $49.5 million in capital and saving 4,797 jobs. The $5 million award will enhance and expand such efforts.

“CPLC Prestamos exists to ensure that vital capital resources are invested in low-income communities of color. Now more than ever, investment is necessary to support small business owners. We are committed to driving economic empowerment to address racial inequities and build wealth in our communities,” said Jose Martinez, President of Prestamos CDFI.

Investing in small businesses not only can help a family endure this catastrophic crisis, the infusion of capital can empower whole communities and continue positive generational change instead of thwarting or erasing any advancements made since the Great Recession, Adame noted.

The $5 million award is part of Scott’s commitment to help people in dire need due to the health and economic crisis caused by the pandemic. Scott, has given nearly $4.2 billion to 384 organizations over the last four months.

Explaining her motivation in a blog, Scott wrote: “This pandemic has been a wrecking ball in the lives of Americans already struggling. Economic losses and health outcomes alike have been worse for women, for people of color, and for people living in poverty. Meanwhile, it has substantially increased the wealth of billionaires.”

CPLC Prestamos is committed to continuing to invest in Latino and other underrepresented communities, and to seek similarly dedicated partners who share in the belief of economic equity and empowerment through entrepreneurship.

CPLC Prestamos is an award-winning Community Development Financial Institution (CDFI) and Community Development Entity (CDE) that has provided small business loans and high-quality technical support services to business owners in underserved communities since 1980.

A big thank you from our clients - many Prestamos Clients in a grid

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Pandemic Magnifies The Needs Of Minority-Owned Businesses Devastated By The Pandemic

Prestamos CDFI Convenes Group Of Key Players and Local Latino Owned Business To Discuss Challenges They Face

Small businesses are the heart and soul of any community. While being responsible for keeping the economy afloat, they provide much more than monetary value. Small businesses are also responsible for shaping and molding the culture of a state, city, and neighborhood. They become gathering spaces for friends, cultivate and foster innovations, or provide comfort through a shared meal with loved ones. At Prestamos Community Development Financial Institution (CDFI), we understand that there is a uniqueness to every small business and the entrepreneurs responsible for bringing them to life. Our organization is not only focused on helping small businesses identify and develop areas of opportunity. We are also here to be their advocates.

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To this end, members of the lending and technical assistance teams at Prestamos CDFI recently convened with Small Business Administration (SBA) Administrator Jovita Carazza, The Arizona Commerce Authority, District SBA, and several Latino owned small businesses at the Chicanos Por la Causa Buckeye Commerce Center. The purpose of the convening was to have open and honest conversations about the needs and struggles minority-owned, small local businesses face. While for some small business owners, these issues have always been at play, the pandemic further exposed and magnified how lack of resources and assistance can devastate a business. In the convening,

One of the largest discussion topics was the importance of funding for Technical Assistance programs, especially as the potential for another round of Payroll Protection Program (PPP) assistance becomes more likely. As an administrator of the PPP, Prestamos CDFI found that many small businesses struggled to understand the application process and need assistance in organizing their documents and getting their books in order. This is a critical component of applying and obtaining assistance through the PPP and other similar programs.

Phoenix immigration attorney, Emilia Bañuelos, spoke about how COVID-19 had significant negative impacts on her business. She spoke to how access to the PPP funds was crucial to the survival of her business. Emilia also pressed the topic of how difficult and disheartening the process was when her longtime bank turned her away for the PPP and how Prestamos was critical in helping her secure the funds. She expressed that there is a continued growing fear amongst the minority-owned small business community as uncertainty and frustration plagues our society.

Amber Cordoba, Director of Business Education and Consulting Services, at Prestamos, shared her concerns that “many minority small business owners struggled to gain access to PPP and other CARES funding because they were not considered a priority by their banks. This further reinforces the important role that CDFI’s play in the communities they serve and the importance of Technical Assistance programs.” This sentiment was echoed by others in the room, including everyone around the room, including Amado Becera, one of the four brothers that make up B’s Granite.

At the start of COVID-19, the construction industry was faced with startling closures, which impacted their business and their ability to support their families and employees. B’s Granite in Phoenix is another example of how PPP funding helped keep the business open and keep all eleven of their employees employed. While PPP has been critical in assisting many businesses to keep their doors open, it has also not been quite enough for the long-term.

As the PPP component is only a small part of what Prestamos CDFI does, we also provide technical assistance through our SBA MicroLending programs and were recently awarded the SBA Program for Investment In Micro-Entrepreneurs (PRIME). Through the PRIME program, Prestamos will offer no-cost training and technical assistance (TA) to help strengthen economically disadvantaged businesses, particularly in Opportunity Zones, Rural areas, and HUBZones. Support will include bilingual training and coaching in areas such as Accounting, QuickBooks, Business Pivoting, Strategic Planning, Business Plan Coaching, Marketing, Debt Restructuring, and Human Resources.

In addition, Prestamos is hopeful to be selected to host an SBA Women’s Business Center. This unique program is something that does not currently exist in Phoenix but would help women entrepreneurs gain the skills and assistance needed to start and operate successful small businesses.

SBA loan guarantees remove barriers to capital access that disproportionally impact minority-owned businesses and support quality job creation in distressed communities. CDFI’s, like Prestamos, play a big role in providing support and opportunity for small businesses that they may otherwise not have access to. As the conversation came to Teresa Miranda, Vice President of Prestamos CDFI, expressed to Administrator Carazza how honored Prestamos was to be selected to host the round table and for the support the SBA has provided to the organization and the small business community.

Prestamos CFDI continues to work and impact small businesses in our market communities of Arizona, Nevada, and New Mexico. We exist to help nurture and grow entrepreneurs through their journeys. We are a mission-driven entity that operates under the non-profit Chicanos Por La Causa, which provides communities with resources ranging from health, education, financial services, housing, and advocacy. Prestamos continues its efforts to advance our work to provide high-quality financial products and services for small businesses that lead to impactful economic development projects. We invite you to visit our website to find out how you can be part of this impact.

resources LIST

List of COVID Resources

Looking for a list of resources to help your business during this time of COVID19?  Here is a list of bootcamps, guides, loan assistance resources, education, unemployment & other HR resources, workplace prep & safety, and many other information based assets.


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support for your children

Support for Your Children in Arizona

Support for Your Children in Arizona

You have many responsibilities, but maybe one of your most important roles is being a parent. We hope you find value and support via this list of resources below.

Tips for managing stress in your child in the home:

Finding support:

Parental Support resources

mental wellness is important learn to manage anxiety and stress

Mental Health in the Time of COVID

Anxiety and stress

mental wellness is important learn to manage anxiety and stress

It is common to feel anxiety and stress, especially during these turbulent and uncertain times. To help improve the health and productivity of employees, many businesses offer a special benefit called the Employee Assistance Program (EAP).

What is an EAP?

EAP is a service that provides professional support to assist employees in resolving personal and work-related issues that may affect their job performance. EAP’s can provide solutions for financial or emotional problems, family issues, substance abuse, alcohol abuse, and more. Each EAP company offers unique, specialized, and tailored program packages to meet the needs of the business.

How can it beneficial to a business?

  • Reduces accidents and fewer workers’ comp claims.
  • Reduces absenteeism
  • Reduces turnover
  • May reduce medical costs arising from early identification and treatment of individual mental health and substance use issues

Where can I find fitting programs?

Please do your research and compare two or more EAP providers before settling on the right fit for your business. Here are a few to consider:

How can I help Myself?

If you are personally experiencing stress and anxiety, consider reviewing these tips from:


Neon lights: Reno, the biggest little city in the world

Small City, Big Heart: How Business Diversification Is Helping Reno, Nevada Thrive

Recently named the Best Small City, Reno, Nevada is anything but small when it comes to the boom in the job and economic growth they’ve been experiencing n recent years. With an attractive cost of living, great climate, and space for development – Reno has fostered a perfect ecosystem for entrepreneurs. While it was just as susceptible to the impact caused by COVID-19 and affected by the shut-downs, that ecosystem the city has fostered has been crucial to its long-term growth and recovery.

Reno is home to hundreds of small businesses, and like in cities throughout the world, many of them were greatly affected by the closure caused by the pandemic. Nevertheless, this city has proven it has what it takes to succeed. Compared to the rest of the state, northern Nevada has lower unemployment numbers, which is the result of a plan first launched in 2011 to diversity the cities economy. This plan was led by the Economic Development Authority of Western Nevada in 2011 in response to the recession.

Neon lights: Reno, the biggest little city in the world

The primary purpose of this plan was to diversify Reno’s economy. Building up the infrastructure to attract different industries helped establish an upward trajectory for the business community. The city experienced an influx in the creation of quality high-paying jobs by attracting advanced manufacturing and technology companies. With an excellent track record of adaptability and resilience, the Reno business community can work together to create solutions to the problems they are facing. By creating partnerships within the business community, entrepreneurs can work together to continue diversifying their economy. While many of the jobs created were by industries and companies that are bigger, these new industries are also responsible for growth in population.

As more people from across the country continue to choose the “Biggest Little City In The World” as a place to call home, this climate means more opportunities for small businesses. From skilled services to specialized shops and restaurants, all companies are needed in Reno. Aside from the need, Reno has excellent incentives and resources for new businesses to set up shop. With a strong focus on the development and revitalization of the downtown region, the city has created the Downtown Reno Partnership.

The partnership focuses on business development, fostering relationships, and creating resources to make downtown a destination. Most recently, with the shutdowns, the Downtown Reno Partnership created helpful resources to help businesses easily understand any guidelines put in place and safely reopen. This plan included a toolkit that all businesses in the area could take advantage of, including graphics to promote reopening and social distancing, links to COVID-19 recovery resources, and much more. This type of support helps build community and confidence with businesses that are established and also looking to open. With these types of partnerships, entrepreneurs can feel more at ease, knowing they have a support system when they need help.

As a CDFI (Community Development Financial Institution (CDFI), Prestamos is honored to work with Reno businesses, our efforts are to work with small businesses in the communities we serve to help them in their growth and quality job creation. We believe that small businesses are the economic engine of our communities. They are essential for our local and national economies to work and grow.


Nostalgia Drives Local Business Success in Tucson During COVID-19

As many cities across the nation have adapted to the adversity COVID-19 has presented to their communities, Tucson has done more than adapt – it has evolved. While many businesses throughout the city had to halt operations or learn to live in a COVID world, one industry emerged successfully.

What was at one point the popular thing to do on a Friday night, drive-in movie theaters became a thing of the past over the last few decades. Sitting in your car with your loved ones, eating snacks, and watching a movie has made a comeback and is no longer a thing of the past. Drive-in movies have quickly, once again, reclaimed their space in serving as a fun and safe way for people to enjoy a night out while maintaining social distance guidelines.

Drive-In-Theater with cars in the foreground

This serves a great reminder that all industries have a place. While advances in technology may call for businesses to adapt to the times, it is up to entrepreneurs to evolve. iTour, an events management services company in Tucson, faced a considerable loss once the state went into shut-down. However, Ramiro Bojorquez, owner of iTour, saw an opportunity. Having all the equipment and skills needed, Ramiro and his team began hosting pop-up drive-in movie nights. This shift in his business has proven to be crucial in keeping iTour operating during a time when event management is not in high demand.

iTour is an excellent example of how entrepreneurs can pivot their existing business concepts – and they aren’t the only ones. Every business, big and small, has been impacted by COVID-19 and has had to adjust and implement new operational structures. As difficult as this situation has been for many, the pandemic has also proven to be a perfect time for business owners to use their creativity and try things they have never been able to. Big or small, these ideas can be change-makers for the success of a business at this time.

Tucson has a long history of being welcoming and supportive of small local businesses. The success of iTour and businesses like them is a testament to what happens when you are willing to take risks. Communities are seeking ways to stay connected and maintaining a sense of normalcy. Tapping into the nostalgia of drive-in theaters coupled with people’s love of entertainment was a perfect recipe.

As a CDFI (Community Development Financial Institution (CDFI), Prestamos is honored to work with new and innovative businesses in Tucson. Our efforts are to work with small businesses in the communities we serve to help them in their growth and quality job creation.

The Prestamos loan products and consulting services are designed for emerging and existing business owners. We pride ourselves in leveling the playing field for businesses of every type and helping communities thrive. All of our loan clients have complete access to our skilled Business Advisor team at no additional cost. From marketing, HR, accounting, website, and much more, our team is here to help you develop your business.

Contact us today to learn more about our variety of loan products and business consulting programs to help your business grow and succeed.

*iTour is not a client of Prestamos.

gloved hand sanitizing surface with rag

Where do I buy PPE and cleaning supplies for my store?

Big box stores might be the public’s first stop for shopping for disinfectants, and PPE, but we want our business community partners to know there are local shops specializing in selling these supplies.

Please see our list of local shops that have the supplies you need, (in stock, as of July 1, 2020) – locations in Phoenix, Tucson, Las Vegas, Reno


Peak Supply Inc
3443 W Earll Dr, Phoenix, AZ 85017

Maintenance Mart
(602) 252-9402
3325 N 19th Ave, Phoenix, AZ 85015

HP2 Promotions
2880 E Northern Ave, Phoenix, AZ 85028


Industrial Chemical of Arizona
(520) 327-6331
4143 E Speedway Blvd, Tucson, AZ 85712

Grand Canyon Janitorial Supply
(520) 795-3393
3670 E Speedway Blvd, Tucson, AZ 85716


Resco Restaurant Equipment & Supply Co.
(702) 387-1977
1300 E Charleston Blvd, Las Vegas, NV 89104

(702) 870-3900
4580 W Sahara Ave, Las Vegas, NV 89102


A-#1 Chemical Inc
775-742-6749 / 775-331-7627
4795 Longley Ln, Reno, NV 89502

Central Sanitary Supply
(775) 356-8970
4830 Longley Ln, Reno, NV 89502

Local vendors making and selling sneeze guards
• Davis Signs & Graphics
3640 E. Washington St.
Phoenix, AZ 85034

• Go To Services
(480) 745-4849