Arizona business & SBA loans.
We all know Arizona gets warm outside, but its economy is also sizzling. A small business loan can help your company get cooking in Arizona!
Types of Arizona business loans.
From the Grand Canyon to the Mexican border, Arizona is a beautiful, booming state for small businesses. These types of loans can help your operation stay cool in the Grand Canyon State.
SBA loans
SBA loans are business loans that are partially backed by the Small Business Administration (SBA), a federal agency. These loans are serviced by private lenders, but are popular because they generally have good interest rates.
Line of credit
Use a line of credit as a flexible form of financing. Unlike with a loan, this option does not involve a big disbursement upfront that you must repay, providing a flexibility that better fits many entrepreneurs’ needs.
Term loan
Term loans are common small business loans in which you would apply for a large disbursement of capital and then repays it over several years, along with fixed or variable interest.
Equipment finance
With equipment financing, you receive a piece of equipment and then pay off the cost of the equipment in installments. This way, your business can make money off the equipment immediately, even if you don’t have the funds to buy it at the sticker price.
Accounts receivable financing
Accounts receivable financing is an alternative form of business financing in which your unpaid invoices serve as collateral for a lump disbursement of funds.
Arizona small business loan options.
Several local organizations provide small business funding resources in Arizona.
Cayenne Consulting maintains a list of venture capitalists and other small business investors, which is a great place to start for Arizona entrepreneurs.
Arizona Financial Credit Union offers equipment loans, commercial real estate loans, and SBA loans. They are an SBA Preferred Lending Partner.
You can also find nonprofits that offer microloans for Arizonan small businesses, like the Prestamos CDFI.
Arizona Bank & Trust offers multiple loan products, including SBA 7(a), SBA 504, and SBA Express loans.
As an SBA Preferred Lender, the National Bank of Arizona offers SBA 504 and SBA 7(a) loans to small businesses in the state.
Offering conventional loans, business lines of credit, SBA loans, and other lending solutions, Alliance Bank of Arizona gives small business owners several financing options to choose from.
Arizona Central Credit Union offers multiple loan options including business lines of credit and term loans.
PPEP Microbusiness & Housing Development Corporation offers small business loans up to $250,000 to businesses in Southern Arizona.
Prestamos CDFI offers microloans, SBA Loans, small business loans, and free business coaching in Arizona and surrounding states.
Four simple steps to funding.
Tell us about your business.
Answer a few simple questions and complete the application in minutes.
Submit your application.
We’ll present your application to our marketplace 100+ lenders. Applying is free and won’t impact your credit score.
Compare offers.
Find the funding option with the terms that best fit your small business goals.
Get funded.
Once you accept, funding can hit your bank account in as little as 24 hours.
Speak with an Arizona representative.
FAQs
The Arizona Commerce Authority has an intuitive online guide to lead you through the entire process of setting up shop in the Grand Canyon State. The Arizona Small Business Association is a long-running organization that provides resources, mentorship, and networking for entrepreneurs. Local First Arizona has a series of programs and trainings for small business owners in both urban and rural areas. The MesaCAN Economic Development Program provides free in-person workshops and mentoring to Mesa business owners.
Arizona’s state government offers several rolling grant programs for small businesses through the Arizona Commerce Authority—some are for general economic development, while others are focused on businesses working in applied research or located in rural areas. USGrants.org is always a great resource to see if your Arizona-based business is eligible for certain federal grants. The City of Phoenix also regularly offers small grants for local entrepreneurs.
In order to be eligible for Arizona business loans, you first need to determine your corporate structure (Ex: sole proprietorship or LLC). Depending on the structure, you might need to register with the Arizona Corporation Commission. You might also need to get a business license from the state—generally, if you are selling physical goods in Arizona, you need a license. Once your business is official, you can apply for funding. Loan decisions are typically based on your business’s history, your business plans, and your personal creditworthiness.
The right loan for your Arizona business depends on your circumstances. Certain types of financing, such as a business cash advance, get you access to fast cash to take advantage of a new business opportunity. Others, such as a business acquisition loan, can help you grow your business strategically. Compare your options easily with Lendio’s free online platform.
Arizona’s economy is growing, and more people move to the state every year than leave. With an Arizona business loan, you can put yourself in the best position to harness this revenue by, for example, opening a new location or launching a new marketing campaign.
Ready for funding?
See what you can qualify for on the Lendio Marketplace.