Top SBA Lenders in Arizona

Small Business Administration (SBA) loans play a crucial role in providing financial assistance to entrepreneurs and small business owners. For those in Arizona seeking SBA loans, understanding the key players in the lending landscape is essential. Here’s a breakdown of the top SBA lenders in Arizona based on the number of loans, average loan amount, and average interest rates.

Arizona’s Preferred SBA Lenders

RankBankBank HQ# of Loans Avg Loan Avg Interest
1U.S. BankCincinnati, OH88 $150,455 6.7%
2Wells FargoSioux Falls, SD77 $218,334 9.0%
3Live OakWilmington, NC37 $1,422,297 6.6%
4Celtic BankSalt Lake City, UT32 $880,353 7.4%
5Newtek Small Business FinanceLake Success, NY29 $549,879 8.2%
6BayFirst National BankSaint Petersburg, FL27 $291,685 8.3%
7The Huntington National BankColumbus, OH27 $382,744 8.0%
8JPMorgan Chase BankColumbus, OH26 $189,238 7.1%
9United Midwest Savings BankDe Graff, OH26 $276,692 7.2%
10MidFirst BankOklahoma City, OK25 $1,341,756 6.9%
11Enterprise Bank & TrustClayton, MO22 $747,395 6.2%
12Arizona Financial Credit UnionPhoenix, AZ20 $674,650 5.8%
13Bell BankFargo, ND20 $1,007,090 5.4%
14Alerus FinancialGrand Forks, ND17 $728,994 6.7%
15America First FCURiverdale, UT16 $1,225,538 6.4%
16BancorpSouth BankTupelo, MS16 $455,625 7.0%
17Business Development FinanceTucson, AZ16 $178,750 9.0%
18CDC Small Business FinanceSan Diego, CA16 $198,250 9.1%
19Midwest Regional BankFestus, MO15 $614,133 7.1%
20Readycap Lending, LLCBerkeley Heights, NJ15 $283,980 8.0%
21St. Louis BankSt. Louis, MO15 $1,497,133 7.4%
22Bank of AmericaCharlotte, NC12 $191,533 4.3%
23BMO Harris BankChicago, IL12 $809,733 6.5%
24BNC National BankGlendale, AZ12 $362,000 7.3%
25Harvest Small Business FinanceLaguna Hills, CA11 $676,164 7.8%
26Comerica BankDallas, TX9 $165,156 5.9%
27Zions BankSalt Lake City, UT9 $588,556 8.1%
28Meadows BankLas Vegas, NV8 $1,757,375 6.3%
29Mountain America FCUSandy, UT8 $525,463 9.1%
30PNC BankWilmington, DE8 $814,200 6.1%
31Byline BankChicago, IL6 $1,620,833 7.3%
32Citizens BankElizabethton, TN6 $500,700 7.8%
33Falcon National BankFoley, MN6 $1,292,383 7.5%
34Five Star BankRancho Cordova, CA6 $262,667 8.0%
35Sunflower BankDenver, CO6 $342,983 5.9%
36The Bancorp BankSioux Falls, SD6 $1,018,867 7.6%
37US Metro BankGarden Grove, CA6 $2,081,833 7.1%
38Commerce Bank of ArizonaTucson, AZ5 $1,036,200 7.2%
39First Bank of the LakeOsage Beach, MO5 $1,953,600 8.4%
40First-Citizens Bank & TrustRaleigh, NC5 $892,000 5.9%

1. U.S. Bank

U.S. Bank, with its national presence, offers a substantial number of SBA loans with a reasonable average interest rate. As a well-established financial institution, it caters to a broad range of businesses, providing a reliable option for local entrepreneurs.

2. Wells Fargo

Although Wells Fargo is a national bank, its focus on SBA loans is evident in the substantial number issued. However, borrowers should be aware of the relatively higher average interest rate, which may impact the overall cost of financing.

3. Live Oak

  • Live Oak stands out with a concentration on a moderate number of high-value loans, making it suitable for businesses with significant financing needs. With a competitive average interest rate, it appeals to entrepreneurs looking for substantial financial support.

4. Celtic Bank

  • Celtic Bank, based in Utah, extends its services to Arizona with a focus on mid-range loan amounts. The average interest rate is slightly higher, but it remains a viable option for businesses seeking considerable financial backing.

5. Newtek Small Business Finance

  • Newtek Small Business Finance provides a balance between loan quantity and average loan amount. Businesses may find it appealing for its moderate loan sizes, although the interest rate is on the higher side.

6. BayFirst National Bank

  • BayFirst National Bank, while headquartered in Florida, extends its SBA lending services to Arizona. With a focus on moderate loan amounts, it serves as a reliable option for businesses seeking mid-range financing. However, borrowers should be mindful of the relatively higher average interest rate.

7. The Huntington National Bank

  • Operating on a regional scale, The Huntington National Bank provides a substantial number of SBA loans. With a balance of loan quantity and size, it caters to a diverse range of businesses. The average interest rate remains competitive, making it an attractive choice for Arizona entrepreneurs.

8. JPMorgan Chase Bank

  • JPMorgan Chase, as a national banking giant, offers a noteworthy number of SBA loans to Arizona businesses. With a focus on relatively smaller loan amounts, it provides accessible financing options. The average interest rate is reasonable, adding to its appeal for local entrepreneurs.

9. United Midwest Savings Bank

  • United Midwest Savings Bank, with a regional presence, contributes to the SBA lending landscape in Arizona. Balancing loan quantity and size, it caters to businesses with varying financial needs. The average interest rate is competitive, making it a viable choice for local entrepreneurs.

10. MidFirst Bank

  • MidFirst Bank stands out with a focus on a relatively lower number of high-value SBA loans. Businesses in need of substantial financial support may find it to be a suitable option, especially with a competitive average interest rate.

In conclusion, Arizona entrepreneurs have a diverse array of SBA lending options, ranging from national banking giants to regional players. Consideration of factors such as loan amount, interest rates, and the lender’s geographical focus is crucial in making an informed decision. Whether seeking modest or substantial financing, these top SBA lenders provide valuable resources to propel small businesses forward in the vibrant economic landscape of Arizona.

Top Industries for SBA loans in Arizona

RankIndustry# of Loans Avg Loan Avg Interest
1Full-Service Restaurants26 $1,225,246 7.6%
2General Automotive Repair21 $601,686 6.7%
3Residential Remodelers20 $140,785 6.8%
4Limited-Service Restaurants18 $590,050 7.3%
5Plumbing, Heating, and Air-Conditioning Contractors17 $757,371 7.1%
6General Freight Trucking, Long Distance, Truckload17 $691,147 7.9%
7Homes for the Elderly16 $1,060,706 6.2%
8Hotels (except Casino Hotels) and Motels16 $2,601,906 6.4%
9Snack and Nonalcoholic Beverage Bars16 $479,369 7.2%
10All Other Specialty Trade Contractors15 $897,433 8.0%
11Fitness and Recreational Sports Centers14 $278,000 7.8%
12Beauty Salons13 $253,946 6.3%
13Electrical Contractors12 $134,383 6.9%
14Car Washes12 $1,135,925 6.3%
15Offices of Physicians (except Mental Health Specialists)12 $716,633 7.1%
16All Other Professional, Scientific, and Technical Services11 $662,364 8.4%
17Pet Care (except Veterinary) Services11 $895,064 6.4%
18All Other Personal Services11 $275,155 7.4%
19Insurance Agencies and Brokerages10 $581,750 7.1%
20Finish Carpentry Contractors10 $421,700 7.9%
21Offices of Dentists9 $900,511 6.0%
22Electronic Shopping and Mail-Order Houses8 $188,400 7.6%
23Janitorial Services8 $549,013 8.3%
24Other Personal Care Services8 $539,125 7.0%
25Couriers7 $953,043 6.8%
26Lessors of Nonresidential Buildings (except Miniwarehouses)7 $981,129 5.7%
27Offices of Lawyers7 $373,257 5.6%
28Offices of Mental Health Practitioners (except Physicians)7 $337,957 5.5%
29Other Accounting Services7 $175,957 9.4%
30Painting and Wall Covering Contractors7 $466,429 7.4%
31Drinking Places (Alcoholic Beverages)6 $515,250 7.8%
32Child Day Care Services6 $863,217 6.8%
33Used Car Dealers6 $1,287,933 7.6%
34Other Computer Related Services6 $1,045,833 7.9%
35Residential Property Managers6 $275,000 7.5%
36Offices of Certified Public Accountants6 $692,333 7.4%
37Offices of All Other Miscellaneous Health Practitioners6 $388,150 7.5%
38Other Management Consulting Services5 $378,000 9.0%
39Flooring Contractors5 $563,400 5.9%
40Other Miscellaneous Durable Goods Merchant Wholesalers5 $224,300 7.1%

Top SBA Loan Franchises in Arizona

RankFranchiseName# of Loans Avg Loan Avg Interest
1Dogtopia4 $1,053,750 7.0%
2Kitchen Tune-Up4 $150,000 7.6%
3F45 Training3 $386,800 8.5%
4Christian Brothers Automotive3 $446,467 4.3%
5EverLine Coatings and Services2 $161,000 9.0%
6My Eye Lab2 $430,150 8.9%
7FYZICAL2 $112,500 6.0%
8Domino’s2 $838,250 7.3%
9Ziggi’s Coffee2 $767,500 6.5%
10Nekter Juice Bar2 $212,500 8.3%
11LIME Painting2 $99,000 8.3%
12Property Management Inc.2 $150,000 8.3%
13The Grounds Guys2 $150,000 8.3%
14Jeremiah¿s Italian Ice2 $357,500 6.5%
15College Hunks Hauling Junk2 $122,500 8.3%
16Once Upon A Child2 $785,000 9.3%
17Clothes Mentor2 $40,000 7.0%
18Renovation Sells2 $150,000 6.0%
19Motel 62 $3,500,000 5.9%
20Napa AutoCare Program Membersh2 $542,500 5.8%
21Fit Body Boot Camp2 $174,500 5.8%
22barre32 $370,200 5.7%
23Mosquito Joe2 $150,000 6.3%
24Cinch I.T.2 $150,000 7.5%
25Squeeze2 $382,500 7.0%
26Ace Handyman Services2 $150,000 6.3%
27Image3602 $735,000 5.8%
28Super 82 $2,690,250 7.5%
29Code Ninjas2 $300,400 6.8%

Top Arizona SBA Loan Borrowers by Jobs Supported

RankBusinessLocationIndustry Loan Size Interest Rate Jobs
1TRISTATE DELIVERY SERVICES OFMesa, AZCouriers $250K – $500K 6.0%200
2CAH ADVENTURES LLCMesa, AZFull-Service Restaurants $250K – $500K 5.5%200
3RISE ABOVE SUPPORT SERVICES LGlendale, AZHome Health Care Services $500K – $1M 7.0%200
4HELIOSUN LLCGoodyear, AZAll Other Specialty Trade Contractors $250K – $500K 6.0%150
5PINNACLE CAPITAL & CONSULTINGTucson, AZOther Individual and Family Services $500K – $1M 6.8%146
6ADVENTURE ABA LLCPhoenix, AZOffices of Mental Health Practitioners (except Physicians) $250K – $500K 5.0%142
7LEGACY WIRELESS PROPERTIES LLScottsdale, AZAll Other Specialty Trade Contractors $1M – $2.5M 6.5%134
8OWENS HARKEY & ASSOCIATES LLCPhoenix, AZAdvertising Agencies $2.5M – $5M 6.5%107
9FEDERAL VENTURES LLCPhoenix, AZFull-Service Restaurants $2.5M – $5M 6.3%102
10AZTECA BAKERIES INC.Phoenix, AZBaked Goods Stores $2.5M – $5M 5.7%100
11LEWCOLL ENTERPRISES LLCScottsdale, AZAll Other Personal Services $250K – $500K 7.0%88
12CUSTOM LANDSCAPE MATERIALS LLCBuckeye, AZOther Crushed and Broken Stone Mining and Quarrying $1M – $2.5M 4.8%87
13GIL’S BAJA ENTERPRISE LLCPhoenix, AZMeat and Meat Product Merchant Wholesalers $500K – $1M 4.1%76
14IANET INC.Phoenix, AZClaims Adjusting $1M – $2.5M 7.8%76
15VEMA CORPORATIONPeoria, AZResidential Mental Retardation Facilities $250K – $500K 6.8%72
16PI PIZZA LLCGlendale, AZLimited-Service Restaurants $500K – $1M 7.3%71
17MAPLEWOOD CABINETRYPhoenix, AZAll Other Miscellaneous Wood Product Manufacturing $250K – $500K 5.3%70
18R3EWASTETucson, AZRecyclable Material Merchant Wholesalers $500K – $1M 4.5%64
19DRIVELINE BASEBALL ENTERPRISESScottsdale, AZSports and Recreation Instruction $250K – $500K 8.3%61
20NATIVE GRILL AND WINGSMaricopa, AZFull-Service Restaurants $500K – $1M 7.3%61
21PREP & PASTRY – GILBERT LLCGilbert, AZFull-Service Restaurants $1M – $2.5M 8.3%61
22ARIZONA SUNSCAPE LAWN MAINTENAGlendale, AZLandscape Architectural Services $250K or less 10.0%60
23W2FF-B CORPORATIONSurprise, AZLimited-Service Restaurants $250K or less 8.3%60
24KL COOKIES LLCShow Low, AZ $500K – $1M 8.5%60
25VALLEY OF THE SUN REALTY AND IGlendale, AZHome Health Care Services $1M – $2.5M 6.5%60
26THE CLUB AT LA MARIPOSA L.C.Tucson, AZCaterers $1M – $2.5M 6.0%60
27SUN COUNTRY FLOORS INCMesa, AZFlooring Contractors $1M – $2.5M 5.5%60
28TSI TOWER SERVICES INC.Chandler, AZPower and Communication Line and Related Structures Construction $2.5M – $5M 7.5%58
29HISTORIC PALACE SALOON AND RESPrescott, AZFull-Service Restaurants $1M – $2.5M 8.5%56
30QUADRIS TEAM LLCQueen Creek, AZOther Accounting Services $250K – $500K 10.0%53
31BRASS TAP VERDE L.L.C.Gilbert, AZFull-Service Restaurants $1M – $2.5M 6.3%52
32DIGITAL 25 GROUP LLCPhoenix, AZMarketing Consulting Services $1M – $2.5M 6.8%52
33ARIZONA SELECT DISTRIBUTING INPhoenix, AZPackaged Frozen Food Merchant Wholesalers $1M – $2.5M 0.7%52
34JLH GROUP LLCPhoenix, AZLimited-Service Restaurants $1M – $2.5M 7.8%50
35RELICROAD BREWING COMPANY LLCWinslow, AZFull-Service Restaurants $250K – $500K 9.8%49
3686-0331211Phoenix, AZPrefabricated Metal Building and Component Manufacturing $1M – $2.5M 5.0%49
37ROYALTREIGN LLCSedona, AZFull-Service Restaurants $1M – $2.5M 6.0%49
38AIRSIDE MRO INC.Gilbert, AZOther Support Activities for Air Transportation $1M – $2.5M 8.3%48
39DIGITEL LLCTucson, AZ $1M – $2.5M 7.5%47
40IV REVIVAL PLLCScottsdale, AZHome Health Care Services $250K or less 9.8%45
41SMALL CHANGE LLCTucson, AZFull-Service Restaurants $1M – $2.5M 6.0%45
42WY CONSTRUCTION INCScottsdale, AZAll Other Specialty Trade Contractors $1M – $2.5M 7.3%43
43EAT BY STACEY WEBER LLCScottsdale, AZ $500K – $1M 7.3%42
44SURFING PUP UPTOWN PHOENIX LLCPhoenix, AZPet Care (except Veterinary) Services $1M – $2.5M 5.5%42
45SKIN CARE+ LLCGilbert, AZOther Personal Care Services $1M – $2.5M 7.8%42
46SURFING PUP TEMPE LLCTempe, AZPet Care (except Veterinary) Services $1M – $2.5M 7.0%42
47MIRK7 VENTURES L.L.C.Chandler, AZOffices of All Other Miscellaneous Health Practitioners $500K – $1M 9.8%41
48J&J CONSULTING AND BILLING SERSurprise, AZAll Other Professional, Scientific, and Technical Services $250K or less 9.5%40
49PREMIER MECHANICAL INSULATIONPeoria, AZLessors of Nonresidential Buildings (except Miniwarehouses) $500K – $1M 6.0%40
50STARNICHE ENTERPRISE LLCMesa, AZUsed Merchandise Stores $500K – $1M 9.3%40
51CRAFTSMAN HOUSE DOG LLCGilbert, AZPet Care (except Veterinary) Services $1M – $2.5M 7.8%40
52MAGNUM PAVING INC.Tucson, AZSite Preparation Contractors $2.5M – $5M 6.0%40
53VALLEY ENVIRONMENTAL RESOURCESPeoria, AZOther Direct Selling Establishments $2.5M – $5M 6.8%40
54RAPID RESPONSE DISASTER SERVICMesa, AZSite Preparation Contractors $1M – $2.5M 9.0%39
55JJ MADISON S CORPMesa, AZDrinking Places (Alcoholic Beverages) $250K – $500K 8.3%38
56HEALING HEARTS RESIDENTIAL CARChandler, AZResidential Mental Retardation Facilities $1M – $2.5M 4.8%38
57HH ARIZONA LLCChandler, AZLimited-Service Restaurants $500K – $1M 6.8%37
58AZ METROSCAPES INCScottsdale, AZLandscape Architectural Services $1M – $2.5M 5.5%37
59TWELVE30 CENTRAL LLCPhoenix, AZLimited-Service Restaurants $1M – $2.5M 6.5%37
60BARREBSCOTTSDALE LLCScottsdale, AZFitness and Recreational Sports Centers $500K – $1M 6.3%36
61PATELBUI3 LLCTucson, AZLimited-Service Restaurants $500K – $1M 8.3%36
62NAYLOR V-CENTRAL LLCPhoenix, AZFull-Service Restaurants $1M – $2.5M 4.0%36
63TSM PROPERTY LLCPhoenix, AZFull-Service Restaurants $1M – $2.5M 5.0%36
64CACTUS CHILL LLCTucson, AZSnack and Nonalcoholic Beverage Bars $250K – $500K 5.6%35
65BRAVE KOREAN BBQTempe, AZFull-Service Restaurants $250K – $500K 8.3%35
66ADW COMMUNICATIONS SERVICES IScottsdale, AZPower and Communication Line and Related Structures Construction $500K – $1M 6.3%35
67RELATIVELY EASY HOLDINGS INC.Tucson, AZFull-Service Restaurants $1M – $2.5M 9.0%35
68LEACH PAINTING INC.Chandler, AZPainting and Wall Covering Contractors $2.5M – $5M 6.8%35
69PAKI CHEFFIES LLCSedona, AZFull-Service Restaurants $2.5M – $5M 8.3%35
70TECHBROS LLCScottsdale, AZComputer and Computer Peripheral Equipment and Software Merchant Whole $250K or less 7.5%34
71STILLPOINTE EARLY EDUCATION SEBuckeye, AZChild Day Care Services $250K – $500K 9.8%34
72HEALTHY SOLUTIONS LLCScottsdale, AZFood (Health) Supplement Stores $250K – $500K 6.0%32
73JAY KAY ASSOCIATES LLCPhoenix, AZPlumbing, Heating, and Air-Conditioning Contractors $1M – $2.5M 4.5%32
74ACP PROPERTIESMaricopa, AZPainting and Wall Covering Contractors $250K or less 6.0%31
75YUMA VALLEY ANESTHESIA PLLCYuma, AZOffices of Physicians (except Mental Health Specialists) $250K – $500K 9.0%30
76ABNC LLCTucson, AZSnack and Nonalcoholic Beverage Bars $250K – $500K 7.5%30
77EUROPEAN GRANITE AND REMODELINPhoenix, AZTile and Terrazzo Contractors $250K – $500K 4.5%30
78RPM MARBLE LLCPrescott, AZCut Stone and Stone Product Manufacturing $1M – $2.5M 6.8%30
79SSOH CAKE LLCPhoenix, AZSnack and Nonalcoholic Beverage Bars $1M – $2.5M 4.7%30
80SUMIT ENTERPRISES INCPhoenix, AZAll Other Support Activities for Transportation $1M – $2.5M 8.3%30
81DESERTDESIGNER LLCTempe, AZLandscaping Services $500K – $1M 4.8%29
82ARCAS MACHINE INC.Gilbert, AZAll Other Miscellaneous Fabricated Metal Product Manufacturing $500K – $1M 6.0%29
83FRITES STREET FRIES LLCPhoenix, AZFrozen Fruit, Juice, and Vegetable Manufacturing $500K – $1M 7.0%29
84PARI V LLCGlendale, AZFull-Service Restaurants $1M – $2.5M 5.3%29
85INFRASTRUCTURE INDUSTRIES INCTucson, AZHighway, Street, and Bridge Construction $1M – $2.5M 6.3%29
86BLUE WHALE CAR WASH 22ND STTucson, AZCar Washes $1M – $2.5M 8.3%29
87UPRECRUIT LLCPhoenix, AZEmployment Placement Agencies $250K or less 7.6%28
88ICON ELECTRIC LLCTempe, AZElectrical Contractors $250K – $500K 5.0%27
89ELLJAVEN HOSPITALITY LLCGlendale, AZFull-Service Restaurants $500K – $1M 9.0%27
90ARIZONA AUTO GLASS DIRECT LLCTempe, AZAutomotive Glass Replacement Shops $1M – $2.5M 6.0%27
91FROZEN PW LLCPeoria, AZ $500K – $1M 9.8%26
92DISTRICT POWER LLCPhoenix, AZElectrical Contractors $500K – $1M 6.6%26
93DT OF ARCADIA LLCPhoenix, AZPet Care (except Veterinary) Services $500K – $1M 7.8%26
94BRW CONTRACTING LLCBuckeye, AZAll Other Specialty Trade Contractors $250K or less 5.0%25
95RSSPURGEON LLCTucson, AZSnack and Nonalcoholic Beverage Bars $250K – $500K 9.0%25
96TOTAL PACKAGE AZ INCChandler, AZGeneral Freight Trucking, Local $1M – $2.5M 6.3%25
97SUPERIOR STONE AND CABINETPhoenix, AZWood Kitchen Cabinet and Countertop Manufacturing $2.5M – $5M 9.0%25
98PINNACLE JANITORIAL INC.Flagstaff, AZJanitorial Services $250K or less 8.5%24
99RED CONCRETEMesa, AZPoured Concrete Foundation and Structure Contractors $250K or less 9.0%24
100EATERY INVESTMENT GROUPChandler, AZFull-Service Restaurants $250K or less 9.8%24

Note about SBA lenders near me in Arizona

When it comes to top Arizona SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the Arizona preferred lender list, 2) approved lenders in Arizona, or 3) active participants in the Arizona SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in Arizona swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in Arizona, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.