Are you looking for a small business loan that meets your specific needs? An SBA Loan might be just what you need. Backed by the Small Business Administration (SBA), these loans can be used for a variety of business purposes.Schedule An Appointment
When you take out an SBA Loan, you're often able to borrow more than you would with a standard loan. And, because the SBA guarantees a portion of your loan, you know you're getting an excellent deal on your terms.
Bank of Arizona is a SBA Preferred Lender, which means easier applications and quicker approvals for your business. SBA Loans are made and administered by Bank of Arizona and the SBA guarantees a portion of each loan. Because we are SBA Preferred, we participate in most of the loan programs available by the SBA including the SBA 7(a) Loan, SBA 504 Loan, SBA Express and others.
A wide array of owner-operated and managed-for-profit businesses — from retail to wholesale and from manufacturing to service — are eligible for loans. Proprietorships, partnerships and corporations are all eligible for the SBA programs.
The SBA guarantees a percent of loans made to businesses by banking or lending institutions. While the SBA does not make the loans, they provide the SBA Guarantee that these loans will be repaid, thus eliminating some of the risk to the lenders. The percent of the loan that the SBA will guarantee depends on the type of loan program.
Loan programs are available for fixed and adjustable rate structures. Terms for SBA Loans depend on the use of the proceeds, with maximum terms ranging from seven years for working capital to 25 years for buildings and real estate.
Our Business Experts are ready and waiting to discuss your business needs. You can call them at (480) 835-3079, visit one of our Banking Centers, or request more information online below.