Connect me to a Tucson lender!
Small business loans in Tucson are available from many SBA lenders. Here are the most active Tucson SBA lenders:
Top SBA Lenders in Tucson
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | Beacon Bank | Riverdale, UT | 81 | $1,120,785 | 7.8% |
| 2 | America First Federal Credit Union | Riverdale, UT | 81 | $1,120,785 | 7.8% |
| 3 | Riverdale, UT | 81 | $1,120,785 | 7.8% | |
| 4 | United Midwest Savings Bank | De Graff, OH | 28 | $574,779 | 10.4% |
| 5 | Zions Bank | Salt Lake City, UT | 24 | $403,529 | 9.4% |
| 6 | Newtek Bank | Miami, FL | 24 | $213,500 | 10.6% |
| 7 | U.S. Bank | Cincinnati, OH | 20 | $367,580 | 9.7% |
| 8 | Wells Fargo | Sioux Falls, SD | 18 | $310,783 | 11.1% |
| 9 | Readycap Lending, LLC | Berkeley Heights, NJ | 17 | $280,265 | 12.8% |
| 10 | BayFirst National Bank | Saint Petersburg, FL | 14 | $133,200 | 13.0% |
| 11 | Huntington Bank | Columbus, OH | 13 | $495,638 | 10.8% |
| 12 | JPMorgan Chase Bank | Columbus, OH | 12 | $341,158 | 11.3% |
| 13 | Live Oak | Wilmington, NC | 10 | $953,550 | 9.1% |
| 14 | Northeast Bank | Lewiston, ME | 10 | $156,530 | 11.1% |
| 15 | Busey Bank | Champaign, IL | 9 | $1,120,522 | 9.8% |
| 16 | Tucson FCU | Tucson, AZ | 9 | $794,344 | 7.7% |
| 17 | Harvest Small Business Finance | Laguna Hills, CA | 7 | $407,200 | 10.5% |
| 18 | Arizona Capital Source | Tucson, AZ | 6 | $210,650 | 11.5% |
| 19 | Lendistry SBLC | Los Angeles, CA | 6 | $192,567 | 12.4% |
| 20 | Celtic Bank | Salt Lake City, UT | 6 | $139,183 | 11.0% |
Top Industries for SBA Loans in Tucson
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 1 | All Other Miscellaneous Electrical Equipment and Component Manufacturing | 9 | $1,285,800 | 7.8% |
| 9 | All Other Miscellaneous Fabricated Metal Product Manufacturing | 2 | $830,800 | 5.5% |
| 11 | All Other Miscellaneous Manufacturing | 2 | $699,250 | 9.8% |
| 3 | All Other Traveler Accommodation | 9 | $1,374,500 | 7.5% |
| 11 | Assisted Living Facilities for the Elderly | 4 | $350,000 | 10.0% |
| 12 | Breweries | 4 | $35,000 | 13.3% |
| 12 | Coin-Operated Laundries and Drycleaners | 2 | $377,500 | 9.0% |
| 3 | Diet and Weight Reducing Centers | 2 | $87,500 | 10.8% |
| 8 | Electronic and Precision Equipment Repair and Maintenance | 2 | $1,022,000 | 10.0% |
| 16 | Employment Placement Agencies | 3 | $83,333 | 11.5% |
| 15 | Flooring Contractors | 9 | $552,500 | 7.5% |
| 4 | Hardware Retailers | 9 | $768,500 | 8.5% |
| 3 | Highway, Street, and Bridge Construction | 9 | $1,358,000 | 10.5% |
| 11 | Hobby, Toy, and Game Retailers | 3 | $88,167 | 9.4% |
| 2 | Home and Garden Equipment Repair and Maintenance | 2 | $882,950 | 9.1% |
| 3 | Nonresidential Property Managers | 8 | $150,000 | 10.8% |
| 5 | Office Administrative Services | 2 | $3,284,900 | 7.7% |
| 6 | Other Foundation, Structure, and Building Exterior Contractors | 10 | $538,000 | 10.4% |
| 1 | Other Measuring and Controlling Device Manufacturing | 9 | $637,400 | 6.5% |
| 15 | Other Miscellaneous Durable Goods Merchant Wholesalers | 2 | $514,000 | 10.3% |
| 12 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 2 | $736,000 | 10.5% |
| 16 | Other Personal and Household Goods Repair and Maintenance | 2 | $150,000 | 10.3% |
| 11 | Pharmacies and Drug Retailers | 3 | $981,667 | 9.9% |
| 20 | Residential Property Managers | 9 | $795,200 | 8.0% |
| 3 | Septic Tank and Related Services | 9 | $802,600 | 7.3% |
| 3 | Tire Dealers | 4 | $150,000 | 9.8% |
| 6 | Used Merchandise Retailers | 2 | $504,500 | 10.2% |
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 Tucson 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 Tucson lender!
Introduction
Tucson, Arizona is home to a dynamic and resilient small business community. As the second-largest city in the state, Tucson relies on entrepreneurs and local businesses to drive its economy forward. SBA loans are a critical source of capital for many of these businesses, offering flexible terms and accessible funding. Whether starting a new venture or expanding an existing one, SBA-backed loans empower Tucson’s business owners to succeed.
SBA Lending in Tucson: Last Year Overview
Tucson saw strong SBA lending activity over the last fiscal year, supporting its robust small business ecosystem:
- Total SBA Loan Volume: $83,695,300
- Number of SBA Loans Issued: 130
- Average Loan Amount: $643,810
- Average Interest Rate: 7.6%
- Jobs Supported Through SBA Loans: 911
- SBAlenders.com Tucson Ranking: #72 nationally
These numbers highlight the vital role SBA lenders play in supporting growth and employment throughout the Tucson metro area.
Success Stories of Small Businesses in Tucson
Here are five standout businesses in Tucson that created the most jobs through SBA funding last year:
- Southwest Biomedical Services – 81 jobs supported
- Tucson Steel and Supply – 67 jobs supported
- Dos Amigos Landscaping – 55 jobs supported
- Sonoran Brewing Company – 46 jobs supported
- Copper Ridge Dental Group – 42 jobs supported
These companies exemplify the power of SBA loans to drive employment and build stronger communities in Tucson.
Overview of SBA Loan Program in Tucson
The SBA 7(a) loan program is the most popular SBA-backed loan nationwide and is widely used in Tucson due to its borrower-friendly terms. Here are the key highlights:
- Loan Amounts: Up to $5 million
- Terms: 10 years for working capital or business acquisition; 25 years for real estate
- Interest Rates: Negotiated between borrower and lender, usually slightly higher than traditional loans
- Common Uses: Buying a business, refinancing debt, purchasing equipment or real estate, franchise startup
- Down Payments: Typically 10–20%
- Cash Flow Requirement: Minimum EBITDA 115% of loan payments
- Credit Score Requirements: 680+ preferred
- Collateral: Not required, but all available assets must be pledged
Compared to traditional financing, SBA loans are easier to qualify for and offer longer repayment periods, making them ideal for Tucson’s small business landscape.
Surrounding Areas
Tucson is surrounded by a mix of suburban and rural communities that also benefit from SBA funding. Here are 15 nearby cities and towns by population, listed alphabetically:
Benson, Catalina, Drexel Heights, Flowing Wells, Green Valley, Marana, Nogales, Oro Valley, Rio Rico, Sahuarita, San Manuel, Sierra Vista, South Tucson, Tanque Verde, Vail
These surrounding areas contribute to and benefit from Tucson’s economic growth and business support infrastructure.
Resources for Small Businesses in Tucson
Small business owners in Tucson can access numerous organizations for guidance, mentorship, and financial assistance:
- Arizona SBA District Office – Assists with loan guidance and lender matching
- Tucson SCORE Chapter – Offers free mentoring from experienced business professionals
- Arizona SBDC Network (hosted at Pima Community College) – Helps with loan packaging, business planning, and financials
- City of Tucson Office of Economic Initiatives – Connects businesses to local grants and workforce development
- Startup Tucson – Provides entrepreneurial training, networking, and capital resources
These resources are instrumental in helping Tucson entrepreneurs secure funding and grow their businesses through SBA lending.
Summary
Tucson’s SBA loan activity underscores the city’s commitment to small business development and job creation. With over $83 million in SBA loans issued last year and more than 900 jobs supported, local businesses continue to thrive thanks to favorable SBA loan terms and a supportive infrastructure. If you’re searching for SBA loans near me in Tucson, evaluating top SBA lenders in Tucson, or comparing SBA lenders near me in Tucson, Tucson offers a strong and resource-rich environment to fuel your success. SBA-backed funding is helping shape Tucson’s economic future—one loan at a time.