The best small business loans for Gilbert, AZ

Take your business to new heights with the right financing

  • Apply in less than 60 seconds
  • Wide range of financing option for every need
  • Competitive rates and terms
  • Personalized service
  • Dedicated support team

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Industries we work with in Gilbert, AZ

We're proud to work with small businesses across various industries in Gilbert, AZ. Whether you're in healthcare, construction, or technology, we're here to help you grow and succeed. Our financing solutions are customized to meet your needs, so you can focus on what you do best - running your business!

Here are some of the many industries we serve:

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    Construction

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    Medical Practices

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    Beauty Salons

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    Retail Stores

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    Restaurants

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    Hotels

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    Manufacturing

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    Staffing

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    Automotive Businesses

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    Landscaping

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    Toy Businesses

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    Transportation

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    IT

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    Professional Services

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    Veterinary Practices

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    Franchise Businesses

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See why thousands of businesses have made SMB Compass

the top-rated small business loan provider in Gilbert, AZ

Garrett Cushing
Garrett Cushing
November 30, 2021.
Diligent and honest people to work with. SMB has been a great resource for my business, helped me through a variety of different financing over the years.
John Limato
John Limato
November 16, 2021.
I rarely write reviews but felt the need to thank the SMB team. Found them to be honest people that took the time to understand my business and walked me through the entire process.
Connor Johnson
Connor Johnson
November 4, 2021.
SMB helped me navigate through the growth period in my business. They were diligent and genuinely cared to make sure we got the percent line in place to meet our current needs. Very happy I was introduced to them and would highly recommend.
Michelle Cota
Michelle Cota
October 27, 2021.
I am so happy that SMB was able to help our company when we were in a jam. They were so attentive and so easy to work with. Helped step by step to get financed. Thank you Clay!
Veronica Akins
Veronica Akins
October 14, 2021.
SMB Compass was helpful and fast. They kept in contact and answered all my questions. The best part of our interactions was that the lender could have given me an extremely high interest rate loan when I thought that was my only option, but he instead told me of another option that fit our needs much better and saved us money! Thank you Clay
John Folco
John Folco
October 13, 2021.
True experts in the Commerical finance space. Great company to work with, look forward to a continued relationship.
Pat Mcandrews
Pat Mcandrews
October 8, 2021.
Great team of professionals to work with. Incredibly responsive and great problem solvers. Would recommend them to anybody.
Haroon S
Haroon S
September 22, 2021.
Clay was great to work with. Very responsive and great communication.
John Lutz
John Lutz
September 15, 2021.
Great people to work with. They were transparent and helpful from the first call to closing. I would recommend them to anyone in my network.
Matthew Seymour
Matthew Seymour
July 16, 2021.
Clay & Matt are experts in the industry and they are able to advise on a number of topics.

Learn more about our loan packages

The best small business loan in Gilbert, AZ

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    SBA Loans

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    Term Loan

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    Invoice Financing

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    Business Line of Credit

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    Inventory Financing

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    Bridge Loans

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    Equipment Financing

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    Asset Based Loans

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    Purchase Order Financing

FAQs about small business loans in Gilbert, AZ

How to get a small business loan in Gilbert, AZ?

If you’re looking to get a small business loan in Gilbert, AZ, here’s what you should do:

  1. Know what you need. Before applying for a loan, get a clear idea of how much money your business needs and how you will use the funds. Doing so can help identify the best type of loan for your needs.
  2. Check your credit score. Many lenders in Gilbert, AZ, will look at your credit score when reviewing your application, so knowing where you stand is important. If your score is less than ideal, consider improving it by making timely payments, keeping old accounts open, and limiting new credit applications.
  3. Research lenders. Many different types of lenders offer small business loans in Gilbert, AZ, including banks, credit unions, and online lenders. Do your research to find out which ones best fit your needs and qualifications.
  4. Prepare your application. Once you’ve identified potential lenders, prepare your loan application carefully. This may include providing financial statements, tax returns, and other documentation demonstrating your ability to repay the loan.
  5. Apply for the loan. If you’ve found a lender you’re comfortable with, it’s time to start your application. The process varies from lender to lender, but essentially, you need to submit your loan application along with the required documents. You also need to prepare to answer any additional questions the lender may have.
  6. Wait for a decision. The lender will then review your application and decide whether to approve your loan or not. Funding speed depends on the lender and loan type. Banks usually take weeks or months, while online lenders can fund your business in a day.
 

Gilbert AZ

Gilbert AZ

Where do you borrow money for business in Gilbert, AZ?

There are several options for borrowing money for a business in Gilbert, AZ. Here are some common sources of business financing:

  • Banks and credit unions: Traditional financial institutions like banks and credit unions offer business loans, lines of credit, and other types of financing.
  • Small Business Administration (SBA) loans: The SBA offers loans to small businesses that meet specific eligibility criteria. The SBA partially guarantees these loans, making them less risky for lenders.
  • Online lenders: Online lenders may offer faster approval and funding than traditional lenders. However, they may have higher interest rates and fees.
  • Peer-to-peer (P2P) lending: P2P lending platforms connect borrowers with individual investors who fund their loans.
  • Business credit cards: Business credit cards can be a convenient way to access credit for small expenses, but they may have higher interest rates and lower credit limits than other types of financing.

When considering borrowing money for a business, it's important to evaluate the terms and conditions of each option and choose the one that best fits your business's needs and financial situation.

Is a loan good for small businesses in Gilbert, AZ?

A loan can be a good option for small businesses in Gilbert, AZ, that need financing to start or grow their operations. However, it's important to carefully evaluate the costs and risks of borrowing money before taking out a loan.

 

A loan can provide a lump sum of capital that can be used to purchase equipment, inventory, or other assets or to cover operating expenses like payroll and rent. With a loan, you'll typically have a set repayment schedule and interest rate, making it easier to budget and plan for the future.

 

However, loans can also come with costs like interest, fees, and penalties for late or missed payments. If your business can make payments on time, it could protect your credit score and make it easier to borrow money in the future.

What is the interest rate for a business loan in Gilbert, AZ?

The interest rate for a business loan in Gilbert, AZ, can vary depending on several factors, such as the lender, the loan amount, the repayment term, and the borrower's creditworthiness. Generally speaking, interest rates for business loans in Gilbert, AZ, can range from around 4% to 15% or higher.

 

The interest rate is a percentage of the loan amount the borrower will pay in addition to the principal (the amount borrowed). For example, if you borrow $50,000 at an interest rate of 10%, you'll need to pay back $55,000 over the loan term.

 

It's important to shop around and compare interest rates and loan terms from different lenders to find the best fit for your business's needs and budget. Additionally, consider other factors like fees, repayment schedules, and prepayment penalties when comparing loan options.