Small business loans in Phoenix, AZ
Short answer
The most active SBA lenders in Phoenix, AZ since FY2024 are U.S. Bank (49 loans) and Wells Fargo Bank (38). The median loan was $300,000, and half fell between $114,250 and $745,275. For free help, see the Arizona SBDC Network. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 706
- approved since FY2024
- $452.25M
- median loan
- $300,000
- through SBA Express
- 25.2%
Lenders making SBA loans in Phoenix
No lender made more than 7% of the loans in Phoenix, and U.S. Bank made the most. The five largest lenders together made 28%.
| Lender | Loans | Share |
|---|---|---|
| U.S. Bank | 49 | 6.9% |
| Wells Fargo Bank | 38 | 5.4% |
| Newtek Bank | 37 | 5.2% |
| Northeast Bank | 36 | 5.1% |
| The Huntington National Bank | 35 | 5.0% |
Share is the percent of all Phoenix loans in that period. Each name links to that lender's page for Arizona where one exists.
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Local help near Phoenix
Phoenix borrowers can start with SBA's district office for Arizona, an SBDC or SCORE.
29% of Phoenix borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
SBA has one district office for Arizona. Its page points to state and federal resources and to lenders in the area. The Arizona SBDC Network gives free counseling across Arizona.
- SBA Arizona District Office (Phoenix)SBA district office
- Arizona SBDC NetworkSmall Business Development Center
- SCORE mentors in ArizonaBusiness mentoring
Alongside SBA loans, Arizona runs a loan program. The Arizona page describes it, and the official page is linked here.
Loan counts and sizes in Phoenix
Phoenix ranks 1st by loans since FY2024 among the 11 Arizona cities with 100 or more SBA loans since FY2020. Nationally it is the 13th busiest of the 580 cities that reach 100 loans.
The 706 loans, 21.3% of the 3,310 in Arizona, were approved for $452.2 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $300,000, 100% above the national median of $150,300. Half of the loans fell between $114,250 and $745,275. The Phoenix median is 20% above the Arizona median of $250,000.
| Measure | Phoenix | Arizona | U.S. |
|---|---|---|---|
| Loans | 706 | 3,310 | 162,355 |
| Median loan | $300,000 | $250,000 | $150,300 |
| 25th percentile | $114,250 | $90,000 | $50,000 |
| 75th percentile | $745,275 | $624,250 | $500,000 |
| Via SBA Express | 25.2% | 26.4% | 35.8% |
| Lines of credit | 20.4% | 21.3% | 28.1% |
| Startups | 13.2% | 15.8% | 16.1% |
| Ownership changes | 12.5% | 11.2% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | 2.4% | 3.1% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
68% of the loans were $500,000 or less, the size SBA Express covers. 25.2% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 20.4% of loans, below the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 58.6% of loans went to businesses more than two years old and 15.6% to businesses two years old or younger. Startups received 13.2% and changes of ownership 12.5%. The national startup share is 16.1%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume rose 21% from FY2024 (246 loans) to FY2025 (298), the two latest full years. The busiest full year in the file was FY2025, with 298 loans. FY2026 already shows 162 loans through June 30.
Of the 551 loans Phoenix borrowers received in FY2020 to FY2022, 2.4% were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. Lenders reported 9,014 jobs supported across the 706 loans since FY2024, about 12.8 per loan. SBA does not audit these estimates.
What businesses in Phoenix borrow for
Full-Service Restaurants was the largest borrower group in Phoenix, with 27 loans or 3.8% of the total.
The five largest industries made up 12% of all Phoenix loans.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Full-Service Restaurants | 27 | 3.8% | 4.6% |
| Plumbing, Heating, and Air-Conditioning Contractors | 19 | 2.7% | 1.9% |
| All Other Specialty Trade Contractors | 15 | 2.1% | 1.7% |
| Fitness and Recreational Sports Centers | 14 | 2.0% | 2.1% |
| Electrical Contractors and Other Wiring Installation Contractors | 13 | 1.8% | 1.3% |
Share is the percent of all Phoenix loans in that period. Industry is the NAICS code on each loan. A name links to the Arizona page for that industry where one exists.
A typical loan payment in Phoenix
The median Phoenix loan was $300,000 with a median term of 10 years.
The median variable-rate loan in Phoenix was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $300,000 over 10 years, principal and interest would come to about $3,923 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $114,250 | $1,494 |
| Median loan | $300,000 | $3,923 |
| 75th percentile loan | $745,275 | $9,746 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $300,000 is Prime plus 4.5 percentage points, or 11.50% today. The median variable-rate loan here was priced 1.8 points under that ceiling. Source: 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Phoenix loans approved since FY2024 had a median starting rate of 10.25% at approval, matching the national median. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $300,000 loan and SBA Express payment calculator.
SBA 504 loans near Phoenix
Phoenix has 152 SBA 504 loans since FY2024, with $180.3 million in SBA and CDC dollars.
The median 504 loan in Phoenix was $788,500 in SBA and CDC dollars, 16% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Mortgage Capital Development Corporation is the Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on the most loans since FY2024, with 104. California Statewide Certified Development Corporation follows with 23. The four CDCs listed are named on 148 loans between them.
| Certified Development Company | 504 loans |
|---|---|
| Mortgage Capital Development Corporation | 104 |
| California Statewide Certified Development Corporation | 23 |
| Arizona Capital Source | 11 |
| CDC Small Business Finance Corp. | 10 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
Arizona cities near Phoenix
Phoenix made up 21.3% of Arizona's SBA loans since FY2024.
Phoenix is one of 11 Arizona cities with 100 or more SBA loans since FY2020. The Arizona page covers all 3,310 loans in Arizona. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Phoenix
Which lenders make the most SBA loans in Phoenix?
U.S. Bank leads with 49 loans in Phoenix since FY2024. Wells Fargo Bank (38) and Newtek Bank (37) follow. Only lenders with five or more Phoenix loans are counted.
Which industries get SBA loans in Phoenix?
Full-Service Restaurants leads with 27 loans in Phoenix since FY2024. Plumbing, Heating, and Air-Conditioning Contractors (19) and All Other Specialty Trade Contractors (15) follow.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA Arizona District Office (Phoenix)
- Arizona SBDC Network
- SCORE, Arizona
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(3); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Phoenix, AZ. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/arizona-small-business-loans/phoenix/
Ask lending partners about a loan in Phoenix
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.