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Small business loans in Phoenix are available from many SBA lenders. Here are the most active Phoenix SBA lenders:
Top SBA Lenders in Phoenix
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 80 | $258,703 | 9.5% |
| 2 | Newtek Bank | Miami, FL | 62 | $357,581 | 11.0% |
| 3 | Wells Fargo | Sioux Falls, SD | 36 | $634,975 | 10.7% |
| 4 | Beacon Bank | Riverdale, UT | 33 | $2,001,864 | 7.9% |
| 5 | America First Federal Credit Union | Riverdale, UT | 33 | $2,001,864 | 7.9% |
| 6 | Riverdale, UT | 33 | $2,001,864 | 7.9% | |
| 7 | Readycap Lending, LLC | Berkeley Heights, NJ | 32 | $395,659 | 12.9% |
| 8 | United Midwest Savings Bank | De Graff, OH | 32 | $376,469 | 10.6% |
| 9 | Northeast Bank | Lewiston, ME | 32 | $152,109 | 10.7% |
| 10 | Live Oak | Wilmington, NC | 26 | $961,962 | 9.5% |
| 11 | Zions Bank | Salt Lake City, UT | 26 | $407,477 | 9.1% |
| 12 | Huntington Bank | Columbus, OH | 25 | $555,488 | 10.4% |
| 13 | JPMorgan Chase Bank | Columbus, OH | 25 | $269,804 | 10.7% |
| 14 | BayFirst National Bank | Saint Petersburg, FL | 22 | $141,095 | 12.9% |
| 15 | Celtic Bank | Salt Lake City, UT | 20 | $488,745 | 10.7% |
| 16 | MidFirst Bank | Oklahoma City, OK | 16 | $1,631,219 | 7.3% |
| 17 | Bell Bank | Fargo, ND | 16 | $660,175 | 9.3% |
| 18 | Port 51 Lending | New York, NY | 15 | $1,061,600 | 9.5% |
| 19 | New York, NY | 15 | $1,061,600 | 9.5% | |
| 20 | Associated Bank | New York, NY | 15 | $1,061,600 | 9.5% |
Top Industries for SBA Loans in Phoenix
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 7 | All Other Automotive Repair and Maintenance | 2 | $48,000 | 10.0% |
| 9 | All Other Consumer Goods Rental | 8 | $603,850 | 9.1% |
| 3 | All Other Legal Services | 3 | $175,000 | 9.9% |
| 8 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 2 | $473,500 | 11.3% |
| 2 | All Other Miscellaneous Textile Product Mills | 2 | $2,916,750 | 9.2% |
| 3 | All Other Miscellaneous Wood Product Manufacturing | 4 | $251,250 | 8.9% |
| 4 | All Other Support Services | 2 | $510,000 | 10.3% |
| 18 | Architectural Services | 2 | $335,000 | 9.5% |
| 8 | Assisted Living Facilities for the Elderly | 11 | $2,578,091 | 7.3% |
| 2 | Audio and Video Equipment Manufacturing | 4 | $300,000 | 11.5% |
| 19 | Automotive Body, Paint, and Interior Repair and Maintenance | 4 | $926,800 | 8.1% |
| 4 | Automotive Glass Replacement Shops | 4 | $2,250,000 | 10.5% |
| 18 | Beer, Wine, and Liquor Retailers | 3 | $1,582,333 | 9.2% |
| 2 | Boat Dealers | 4 | $175,000 | 9.8% |
| 14 | Caterers | 6 | $250,000 | 10.5% |
| 4 | Child and Youth Services | 2 | $672,750 | 8.8% |
| 12 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 11 | $1,340,455 | 9.8% |
| 15 | Commercial and Institutional Building Construction | 6 | $369,633 | 9.4% |
| 16 | Cosmetics, Beauty Supplies, and Perfume Retailers | 2 | $16,000 | 11.7% |
| 19 | Custom Computer Programming Services | 7 | $771,171 | 11.0% |
| 17 | Drinking Places (Alcoholic Beverages) | 3 | $668,600 | 9.2% |
| 12 | Drycleaning and Laundry Services (except Coin-Operated) | 3 | $291,200 | 10.9% |
| 5 | Food (Health) Supplement Retailers | 2 | $132,500 | 11.9% |
| 20 | General Freight Trucking, Local | 8 | $1,295,850 | 9.8% |
| 6 | Gift, Novelty, and Souvenir Retailers | 13 | $620,385 | 9.9% |
| 5 | Glass and Glazing Contractors | 10 | $4,357,550 | 7.8% |
| 9 | Jewelry Retailers | 4 | $140,225 | 9.1% |
| 6 | Local Messengers and Local Delivery | 2 | $1,214,350 | 9.3% |
| 3 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 2 | $15,000 | 12.8% |
| 2 | Materials Recovery Facilities | 9 | $1,350,000 | 6.8% |
| 1 | Meat and Meat Product Merchant Wholesalers | 4 | $1,725,900 | 9.2% |
| 10 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers | 5 | $424,740 | 12.2% |
| 6 | Mortgage and Nonmortgage Loan Brokers | 8 | $200,000 | 10.1% |
| 12 | Motion Picture and Video Production | 3 | $45,000 | 9.8% |
| 1 | Motor Vehicle Gasoline Engine and Engine Parts Manufacturing | 2 | $1,193,100 | 7.5% |
| 13 | Nail Salons | 2 | $207,500 | 12.3% |
| 8 | Offices of Optometrists | 4 | $200,000 | 10.5% |
| 15 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 6 | $254,917 | 10.3% |
| 10 | Other Activities Related to Real Estate | 5 | $156,000 | 10.6% |
| 9 | Other Building Equipment Contractors | 2 | $460,000 | 9.9% |
| 8 | Other Building Material Dealers | 2 | $175,000 | 9.9% |
| 4 | Other Chemical and Allied Products Merchant Wholesalers | 2 | $577,500 | 10.0% |
| 6 | Other Electronic Parts and Equipment Merchant Wholesalers | 3 | $213,333 | 9.3% |
| 2 | Other Heavy and Civil Engineering Construction | 2 | $50,000 | 11.5% |
| 9 | Other Individual and Family Services | 4 | $319,500 | 10.4% |
| 9 | Other Miscellaneous Durable Goods Merchant Wholesalers | 3 | $544,667 | 11.3% |
| 20 | Other Services to Buildings and Dwellings | 9 | $584,289 | 9.4% |
| 7 | Other Specialized Design Services | 2 | $311,600 | 7.2% |
| 3 | Other Support Activities for Air Transportation | 4 | $300,000 | 9.8% |
| 5 | Professional and Management Development Training | 5 | $1,067,800 | 10.7% |
| 8 | Remediation Services | 3 | $765,000 | 9.2% |
| 2 | Residential Intellectual and Developmental Disability Facilities | 2 | $866,350 | 7.9% |
| 2 | Residential Mental Health and Substance Abuse Facilities | 11 | $1,215,836 | 7.6% |
| 16 | Residential Property Managers | 5 | $233,240 | 10.3% |
| 15 | Retail Bakeries | 2 | $225,000 | 11.2% |
| 2 | Seafood Product Preparation and Packaging | 2 | $40,000 | 8.5% |
| 14 | Services for the Elderly and Persons with Disabilities | 2 | $617,650 | 8.0% |
| 5 | Solid Waste Collection | 4 | $109,000 | 9.6% |
| 3 | Special Needs Transportation | 4 | $40,000 | 12.1% |
| 4 | Specialized Automotive Repair | 2 | $25,000 | 10.0% |
| 3 | Tile and Terrazzo Contractors | 2 | $257,700 | 9.9% |
| 3 | Used Merchandise Retailers | 9 | $1,330,000 | 8.5% |
| 7 | Veterinary Services | 4 | $982,825 | 8.9% |
| 2 | Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers | 3 | $1,210,000 | 10.0% |
Finding the right SBA lender in Phoenix can make all the difference for your business. Whether you need funding to expand, purchase equipment, or boost working capital, we connect you with top SBA lenders both locally and nationwide. Don’t settle for just any lender—click “Connect me to a Phoenix Lender” now to get matched with the best financing options for your business.
Connect me to a Phoenix lender!
Top SBA Lenders in Phoenix AZ | Phoenix SBA Loans
Introduction
Phoenix is a rapidly growing business hub, attracting entrepreneurs across various industries. However, securing financing remains a challenge for many small businesses. SBA loans in Phoenix provide a valuable funding option, offering low-interest rates, long repayment terms, and accessibility for businesses that may not qualify for conventional financing. Whether you need funds to expand, purchase equipment, or refinance debt, SBA loans offer a flexible and affordable solution.
SBA Lending in Phoenix: Last Year Overview
SBA lending plays a crucial role in supporting small businesses in Phoenix. Here are key statistics from last year:
- Total SBA Loans Issued: $188,767,900
- Number of SBA Loans: 330
- Average Loan Amount: $572,023.94
- Average Interest Rate: 10.93%
- Jobs Supported: 4,243
- SBAlenders.com City Ranking: #9 in the U.S.
These numbers highlight the impact of SBA loans in Phoenix, providing essential funding to business owners while driving job creation.
Why Lenders Choose Us
Lenders work with us because we simplify the SBA loan process, helping business owners secure the best financing options available. Here’s why lenders trust us:
- Extensive Network of SBA-Approved Lenders: We connect businesses with the top SBA lenders in Phoenix and nationwide.
- Efficient Loan Application Process: Our streamlined system speeds up loan approvals and reduces paperwork.
- Expert Guidance: Our team helps business owners navigate SBA loan requirements to maximize their chances of approval.
- Tailored Loan Matching: We analyze business needs to connect them with the most suitable lenders.
- Proven Success: We’ve helped thousands of businesses secure SBA funding, expand operations, and create jobs.
By working with us, lenders can efficiently support small businesses while ensuring successful loan outcomes.
Overview of SBA Loan Program in Phoenix
The SBA 7(a) loan program is the most flexible SBA loan, designed to meet various business needs. Here’s what to know about SBA loans:
- Loan Size: Up to $5,000,000
- Loan Term: 10 years for non-real estate loans; 25 years for real estate loans
- Interest Rates: Slightly higher than conventional loans, negotiated with lenders within SBA’s maximum interest rate
- Use of Loan Proceeds: Business acquisitions, real estate purchases, equipment financing, debt refinancing, partner buyouts, franchise openings, and working capital
- Down Payment: Typically 10% to 20%
- Credit Score Requirement: 680+ is ideal, with a minimum of 640 for consideration
- Collateral: Not required, but all available collateral must be pledged
SBA loans provide financing for businesses that may not qualify for traditional commercial loans, offering lower down payments, longer repayment terms, and fewer financial restrictions.
Surrounding Areas
Business owners in nearby areas may also find SBA lending opportunities in these cities:
Avondale, Buckeye, Casa Grande, Chandler, El Mirage, Gilbert, Glendale, Goodyear, Mesa, Peoria, Scottsdale, Surprise, Tempe, Tolleson, Apache Junction.
Resources for Small Businesses in Phoenix
Phoenix business owners have access to valuable resources to support their growth:
- Phoenix SBA District Office – Provides assistance with SBA loan programs and applications.
- SCORE Phoenix – Offers free business mentoring and workshops.
- Small Business Development Centers (SBDC) – Provides consulting services for small businesses.
- Phoenix Chamber of Commerce – Connects business owners with networking and funding opportunities.
Summary
SBA loans have become a vital funding tool for small businesses in Phoenix, providing essential capital to fuel growth and job creation. With competitive interest rates, flexible repayment terms, and strong business support, securing an SBA loan could be the key to your business’s success. If you’re looking for the best SBA lenders in Phoenix, explore your options today and take the next step toward securing the right financing.