Arizona small business lenders offer loans to support business innovation, growth, and development.
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Biglaw Investor connects you with small business lenders who can help you expand your business, whether through working capital or via acquisition. A small business loan loan is a great way to grow your business—but it can be hard to know where to start. Our small business lenders offer an experience specially tailored to your goals.
Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best loan for your business needs.
I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP
For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann
Arizona is a beautiful state located in the southwestern portion of the country. Known as The Grand Canyon State and The Copper State, Arizona is recognized for its arid, desert climate, with mild winters and very hot summer months. Home to over 7.1 million people, Arizona is hardly a small state, but it has much to offer. The cities of Tucson, Alpine, and Flagstaff, are known for their ski resorts. There are various mountain ranges throughout the state and the Grand Canyon National Park to call home (which is one of the seven natural wonders of the world).
Arizona is also home to Native American culture and a rich history. From the modern cities of Phoenix to the retirement communities of Chandler and Gilbert, there’s much to love about the state as a whole.
Perhaps one of the best things about Arizona is its diverse economy. Much of the state is dependent on the tourism industry, but others are noted for the agricultural industry present. Manufacturing, financial companies, business services, and health services are also large components of the company’s economy.
Yet, there are also many small companies within these sectors that contribute to the growth and development of the state. The U.S. Small Business Administration states there are 641,025 small businesses in the state. Those businesses contribute 1.1 million jobs. They also account for $48,204,709 in total payroll each year. That’s a substantial amount of people dependent on not big corporations but small businesses here.
Many of those companies need to turn to small business loans in Arizona to help them fund their growth and development. The latest three years of data from the U.S. Small Business Administration shows that there are 3070 active small business loans in the state. Those loans equal $2,548,386,948. The average loan size is $830,093. Small business loans are very valuable. They contribute to the growth and development of these businesses, often helping them to expand and grow their success in the state.
A small business loan is a type of financial investment. Lenders offer these loans to companies who need them for various reasons. The lender will expect the funds to be paid back over time with interest. That makes them a significant commitment for a small business to take on. Yet, many Arizona small business lenders recognize the importance of affordable loans for these companies and keep costs competitive. To do that, they need to verify that the company has the financial means to make payment on the loan on time, ensuring that the lender is repaid.
For those who wish to borrow through a small business loan lender in Arizona, the first step is often to provide information about the business so the lender can verify the financial stability of the company. The lender needs to be sure the company has the tools to make payment. To determine this, they will want to know as much as possible about the company, including the industry, products, and services offered, as well as the revenue the company produces. Most small business loans in Arizona are for companies with a least a year of experience, though some lenders require more or may offer loans to startups as well.
Lenders also consider the creditworthiness of the business. Sometimes a business does not have an established borrowing history or credit score. In these cases, the lender may use the owner’s information to determine if the loan is a good risk to take on. Companies often want to see a business plan and gain insight into how the company is managed.
Most entrepreneurs don’t have enough available on credit cards to start their company with sufficient cash flow, which is why many of them turn to small business loans. Loan amounts and loan types may vary in terms of interest rates, down payments, and repayment terms. From nonprofit grants to commercial real estate loans to economic development programs to other types of small business financing, there are many options out there and entrepreneurs and founders should explore all options. Many new company founders seek out Arizona small business loans as a starting point for funding initiatives.
In order to offer loans to small businesses, lenders will need to determine the format that is best for the borrower based on what those needs are. This could include a look at a one-time loan as well as loans that are designed to be lines of credit. The key is to meet the company’s needs with less risk. Some expected types of loans small business lenders in Arizona offer include:
If your business needs capital to grow and expand, it may be wise to seek out a small business loan. Often, these loans can serve as a catalyst for building strong, financially responsible businesses. Plenty of entrepreneurs need support for working capital, buying commercial real estate, or just short-term business needs for getting the company off the ground.
| Rank | Bank Name | # of Arizona Loans | Avergage Interest Rate | Average Loan Size |
|---|---|---|---|---|
| 1 | Wells Fargo Bank | 65 | 6.96% | $359,369 |
| 2 | Sunflower Bank | 58 | 4.54% | $715,616 |
| 3 | Celtic Bank Corporation | 43 | 5.88% | $1,005,507 |
| 4 | PNC Bank | 42 | 6.46% | $601,355 |
| 5 | Zions Bank | 40 | 4.98% | $1,094,002 |
| 6 | Live Oak Banking Company | 38 | 5.51% | $1,344,184 |
| 7 | U.S. Bank | 36 | 5.86% | $191,602 |
| 8 | Enterprise Bank & Trust | 30 | 4.98% | $811,090 |
| 9 | Metro Phoenix Bank | 28 | 4.90% | $964,379 |
| 10 | Meadows Bank | 27 | 5.19% | $1,290,407 |
Wells Fargo Bank was started in 1852 by Henry Wells and William G. Fargo as a bank to help customers build business and manage money. Wells Fargo Bank offers many products through its many branches to meet customers’ needs, including mortgages, wealth management, and personal and small business banking.
We reached out to Wells Fargo Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances. Small business owners have many financing options, and reviewing eligibility requirements is a must.
Based out of Denver, Colorado, Sunflower Bank has been providing services to customers and communities since 1892. Operating branches in New Mexico, Colorado, Texas, Arizona, and Kansas, Sunflower Bank, with its $7.1 billion in assets, can meet all of its customers’ needs for banking and loans. Do your research to verify interest rates for small business owners with this lender.
We reached out to Sunflower Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Started in 2001 in Salt Lake City, Utah, Celtic Bank Corporation has been providing loan services to small businesses. With a number of services, including equipment financing, solar financing, and small business loans, Celtic Bank Corporation has the tools and products to help almost any small business meet its goals.
We reached out to Celtic Bank Corporation to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
PNC Bank, headquartered in Pittsburgh, Pennsylvania, was founded in 1845 and now operates in 27 states as well as the District of Columbia. With a number of personal, business, and institutional banking products available, PNC Bank is able to meet the needs of all of its customers.
We reached out to PNC Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Zions Bank, headquartered in Salt Lake City, Utah, has been providing banking services since 1873. Now with 122 locations in Utah, Idaho, and Wyoming, Zions Bank is able to meet all customers’ banking needs for personal and business accounts, including small business loans and checking and savings accounts.
We reached out to Zions Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Small business loans in Arizona are a sound financial investment for many borrowers. Yet, most companies can benefit from added resources. That includes help from the Small Business Administration of Arizona. There, you can find articles and guides on many of the most important topics for businesses, such as marketing, hiring, building a business plan, and building business credit. This information is available at no cost, and it is accurate, transparent, and readily available.
Many companies can also turn to SCORE. This organization provides free advice from business experts to help support the next generation of small businesses. This includes various tools for building a company, growing it, transitioning into it, and much more. All of the information and resources here, including the educational programs, webinars, and workshops, are free for businesses to use. The local office is in Tucson, though it only offers virtual services currently. Anyone in the state can visit the location’s website to get support.
If you want to find the best small business loans in other states, click on your state below.
Joshua Holt is a lawyer and founder of Biglaw Investor. He spent 10 years practicing private equity mergers & acquisition law for one of the largest law firms in the country. As part of his practice, he advised small and medium sized businesses on matters ranging from business loans to the acquisitions and divestitures of stocks and assets.
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