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SBA Loan Center

When it comes to business loans offered with a government guarantee—SBA loans and USDA loans, in particular—there are various financing options available to suit the different needs of small business.

Each has their own particular requirements, stipulations and terms, which is why the first question out of a lender’s mouth is usually, “what are you hoping to finance?” Understanding how you intend to use proceeds from the loan quickly tells them which type of loan is likely to be a good fit.

Learn some of the major differences with this simple chart.

LOANS AT A GLANCE

SBA 7(a) LOAN

SBA 504 LOAN

USDA B&I LOAN

  • Maximum Loan Amount

    Financing up to $5 million

    Financing up to $5 million

    Financing up to $20 million

  • Use of Loan Proceeds

    • Start-up capital
    • Working capital
    • Inventory
    • Equipment, furniture & fixtures
    • Debt refinancing
    • Buy a business or franchise
    • Buy or build commercial real estate (CRE)
    • Leasehold improvements
    • Owner-occupied commercial real estate (CRE)
    • Purchase, construction or renovation of a building
    • Owner-occupied or investor commercial real estate (CRE)
    • Purchase, refinance, construction or renovation of a building
    • Eligible for rural areas under 50,000 population
  • Considerations

    Minimum equity and collateral requirements apply

    Minimum 10% down

    20% tangible equity required

  • Terms

    Up to 25 years, fully amortized loan structure

    Up to 20 years, fully amortized loan structure

    Up to 30 years, fully amortized loan structure

  • Common Requirements to Apply

    Common requirements to apply: good credit, U.S. citizenship, clean background check, equity and/or collateral, used for job creation and local economic benefit.

As one of the Top SBA Lenders in the State of Arizona, we have significant experience. To speak directly to a loan officer, call us at 928-854-3000, or click the “contact a lender” button above. We’ll respond within 24 hours.

If you’d like to fill out a business credit application to expedite the process, simply click on the “Apply Now” link in the sidebar above. Once you’ve completed and signed the form, bring it to your closest branch, or scan and email us a copy.

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