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Small business loans in Scottsdale are available from many SBA lenders. Here are the most active Scottsdale SBA lenders:
Top SBA Lenders in Scottsdale
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Newtek Bank | Miami, FL | 30 | $625,533 | 11.1% |
| 2 | JPMorgan Chase Bank | Columbus, OH | 19 | $385,332 | 11.2% |
| 3 | U.S. Bank | Cincinnati, OH | 18 | $436,222 | 8.7% |
| 4 | Huntington Bank | Columbus, OH | 17 | $412,424 | 9.8% |
| 5 | BayFirst National Bank | Saint Petersburg, FL | 15 | $152,727 | 12.7% |
| 6 | MidFirst Bank | Oklahoma City, OK | 12 | $1,298,833 | 7.4% |
| 7 | Wells Fargo | Sioux Falls, SD | 12 | $829,492 | 8.5% |
| 8 | Zions Bank | Salt Lake City, UT | 12 | $327,175 | 9.8% |
| 9 | Live Oak | Wilmington, NC | 10 | $1,141,800 | 9.3% |
| 10 | United Midwest Savings Bank | De Graff, OH | 10 | $245,260 | 10.5% |
| 11 | Riverdale, UT | 9 | $2,374,133 | 7.1% | |
| 12 | Beacon Bank | Riverdale, UT | 9 | $2,374,133 | 7.1% |
| 13 | America First Federal Credit Union | Riverdale, UT | 9 | $2,374,133 | 7.1% |
| 14 | Readycap Lending, LLC | Berkeley Heights, NJ | 9 | $219,278 | 12.7% |
| 15 | Celtic Bank | Salt Lake City, UT | 8 | $1,501,050 | 10.5% |
| 16 | Bell Bank | Fargo, ND | 8 | $786,725 | 8.9% |
| 17 | Bank of America | Charlotte, NC | 8 | $611,925 | 7.7% |
| 18 | Mountain America FCU | Sandy, UT | 8 | $591,625 | 8.8% |
| 19 | Enterprise Bank & Trust | Clayton, MO | 7 | $898,757 | 8.2% |
| 20 | Lendistry SBLC | Los Angeles, CA | 7 | $238,829 | 12.1% |
Top Industries for SBA Loans in Scottsdale
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 8 | All Other Home Furnishings Retailers | 3 | $791,867 | 9.1% |
| 5 | All Other Miscellaneous Schools and Instruction | 2 | $275,000 | 10.3% |
| 10 | Appliance Repair and Maintenance | 2 | $150,000 | 10.8% |
| 10 | Breweries | 5 | $1,460,000 | 9.9% |
| 6 | Building Inspection Services | 4 | $158,000 | 11.5% |
| 1 | Collection Agencies | 2 | $483,000 | 9.0% |
| 5 | Computer Facilities Management Services | 2 | $250,000 | 12.1% |
| 13 | Drycleaning and Laundry Services (except Coin-Operated) | 2 | $254,500 | 9.5% |
| 8 | Electronics and Appliance Retailers | 2 | $367,750 | 9.8% |
| 10 | Fine Arts Schools | 2 | $150,000 | 10.3% |
| 1 | Footwear and Leather Goods Repair | 2 | $8,400 | 11.2% |
| 19 | Interior Design Services | 2 | $1,817,500 | 10.0% |
| 20 | Nail Salons | 5 | $440,400 | 10.0% |
| 13 | Other Activities Related to Real Estate | 2 | $337,500 | 10.3% |
| 16 | Other Scientific and Technical Consulting Services | 2 | $2,250,000 | 11.3% |
| 1 | Other Spectator Sports | 3 | $744,000 | 8.2% |
| 5 | Passenger Car Rental | 2 | $50,000 | 8.0% |
| 9 | Portfolio Management and Investment Advice | 3 | $306,567 | 10.7% |
| 3 | Residential Mental Health and Substance Abuse Facilities | 9 | $4,947,000 | 6.8% |
| 2 | Scenic and Sightseeing Transportation, Land | 2 | $95,000 | 12.5% |
| 13 | Sporting Goods Retailers | 2 | $308,000 | 11.6% |
| 5 | Toy and Hobby Goods and Supplies Merchant Wholesalers | 4 | $150,000 | 10.5% |
| 3 | Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers | 2 | $287,500 | 8.5% |
| 5 | Travel Agencies | 4 | $500,000 | 11.0% |
| 2 | Upholstered Household Furniture Manufacturing | 2 | $1,853,100 | 7.8% |
| 10 | Veterinary Services | 4 | $1,053,500 | 9.5% |
Many entrepreneurs search SbaLenders.com for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for Scottsdale SBA loans are not local but national SBA preferred lenders. Connect with us and we can connect you today with local or national SBA banks that are small business loan experts.
Connect me to a Scottsdale lender!
Introduction
Small businesses are the backbone of Scottsdale’s vibrant economy, fueling growth, innovation, and job creation. For entrepreneurs and local enterprises looking to expand, purchase real estate, or access working capital, SBA loans are often a critical financing solution. The SBA loan program, particularly the 7(a) loan, offers favorable terms that make business ownership more attainable for those who may not qualify for conventional loans. In this guide, we dive into SBA lending activity in Scottsdale, highlight top lenders, and share success stories of businesses that have thrived thanks to SBA loans.
SBA Lending in Scottsdale: Last Year Overview
In the most recent fiscal year, SBA lending in Scottsdale demonstrated strong support for small businesses:
- Total SBA Loan Volume: $100,963,500
- Number of SBA Loans Issued: 163
- Average Loan Amount: $619,892
- Average Interest Rate: 7.8%
- Jobs Supported Through SBA Loans: 1,003
- SBAlenders.com Scottsdale Ranking: #59 nationally
These figures reflect a healthy lending environment in Scottsdale, enabling local entrepreneurs to grow their operations, hire more employees, and contribute to the city’s dynamic business landscape.
Success Stories of Small Businesses in Scottsdale
The impact of SBA loans is best reflected in the businesses they help grow. Here are the top five Scottsdale-based businesses that supported the most jobs through SBA funding last year:
- Quick Quack Car Wash – 87 jobs supported
- Beckett’s Table Restaurant Group – 63 jobs supported
- Arizona Prosthetics & Orthotics – 50 jobs supported
- Desert Sky Aviation – 48 jobs supported
- Echo Canyon Consulting – 43 jobs supported
These enterprises are among Scottsdale’s strongest examples of how SBA loans translate into real-world economic growth and job creation.
Overview of SBA Loan Program in Scottsdale
The SBA 7(a) loan program is the most popular SBA-backed loan due to its flexibility and wide range of uses. Here’s a quick summary of its key features:
- Loan Amounts: Up to $5 million
- Loan Terms: 10 years for non-real estate, 25 years for real estate
- Interest Rates: Slightly higher than conventional loans, negotiated between borrower and lender
- Typical Uses: Business acquisition, equipment purchases, working capital, real estate, debt refinancing, and franchise startup
- Down Payment: Usually between 10%–20%
- Cash Flow Requirements: EBITDA of at least 115% of loan payment
- Credit Score: Ideally 680 or higher
- Collateral: Not required, but lenders must secure available assets
Compared to traditional loans, SBA loans offer numerous advantages like longer terms, lower down payments, and fewer covenants. These benefits make SBA loans an appealing option for Scottsdale business owners who may not qualify for stricter conventional loans.
Surrounding Areas
Scottsdale is surrounded by a number of growing and economically vibrant cities. Here are 15 nearby cities and towns by population, listed alphabetically:
Avondale, Chandler, El Mirage, Fountain Hills, Gilbert, Glendale, Goodyear, Mesa, Paradise Valley, Peoria, Phoenix, Queen Creek, Surprise, Tempe, Tolleson
These surrounding communities also benefit from SBA lending and offer opportunities for business expansion and collaboration.
Resources for Small Businesses in Scottsdale
Entrepreneurs in Scottsdale have access to a robust network of resources to help them navigate SBA lending and business development:
- Arizona SBA District Office – Provides oversight, lender coordination, and funding program guidance
- Greater Phoenix SCORE Chapter – Offers free business mentoring and low-cost workshops
- Maricopa SBDC (Small Business Development Center) – Helps with business planning, financial projections, and SBA loan packaging
- Scottsdale Economic Development Office – Connects businesses with local incentives and grants
- Arizona Commerce Authority – Offers small business programs and capital access initiatives
These organizations work hand-in-hand with SBA lenders to ensure Scottsdale’s small businesses have the support and information they need to succeed.
Summary
Scottsdale’s SBA lending activity is a strong indicator of the city’s thriving entrepreneurial spirit. With over $100 million in SBA loans issued last year, hundreds of businesses have been empowered to grow, hire, and thrive. Whether you’re searching for SBA loans near me in Scottsdale, evaluating top SBA lenders in Scottsdale, or comparing SBA lenders near me in Scottsdale, the resources and loan options available provide an excellent foundation for success. For small business owners ready to take the next step, the SBA loan program remains a powerful and accessible tool for achieving long-term goals.