The best small business loans for Phoenix, 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

Let's Get Started

"*" indicates required fields

Step 1 of 2

Industries we work with in Phoenix, AZ

We're proud to work with small businesses across various industries in Phoenix, 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:

  • icon green update

    Construction

  • icon green update

    Medical Practices

  • icon green update

    Beauty Salons

  • icon green update

    Retail Stores

  • icon green update

    Restaurants

  • icon green update

    Hotels

  • icon green update

    Manufacturing

  • icon green update

    Staffing

  • icon green update

    Automotive Businesses

  • icon green update

    Landscaping

  • icon green update

    Toy Businesses

  • icon green update

    Transportation

  • icon green update

    IT

  • icon green update

    Professional Services

  • icon green update

    Veterinary Practices

  • icon green update

    Franchise Businesses

shutterstock 19

See why thousands of businesses have made SMB Compass

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

  • icon green update

    SBA Loans

  • icon green update

    Term Loan

  • icon green update

    Invoice Financing

  • icon green update

    Business Line of Credit

  • icon green update

    Inventory Financing

  • icon green update

    Bridge Loans

  • icon green update

    Equipment Financing

  • icon green update

    Asset Based Loans

  • icon green update

    Purchase Order Financing

FAQs about small business loans in Phoenix, AZ

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

If you’re looking to get a small business loan in Phoenix, 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 Phoenix, 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 Phoenix, 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.
 

Phoenix AZ

Phoenix AZ

How hard is it to get a business loan in Phoenix, AZ?

Getting a business loan in Phoenix, AZ, should be relatively easy, especially if you work with online lenders. Online lenders can offer more flexible options and quicker approval processes than traditional banks, making it easier to get the funding you need ASAP. However, it's important to research and compare different lenders to find the best fit for your needs and budget.

How hard is it to get a $10,000 business loan in Phoenix, AZ?

Getting a $10,000 business loan in Phoenix, AZ, should be relatively easy, as most lenders offer loans in this range. However, traditional lenders may not be the best option for this amount as they typically fund larger loan amounts. Online lenders can be a good alternative, as they are more likely to offer smaller loan amounts and have faster approval processes.

Can I get a business loan with no money down in Phoenix, AZ?

Getting a business loan in Phoenix, AZ, with no money down is possible, but it really depends on the lender. Most lenders require some down payment or collateral to secure the loan, but some online lenders may offer loans without either. It's important to do your research and compare different lenders, terms, and fees to make an informed decision about which option best suits your needs. Additionally, you should watch for hidden costs such as origination fees or prepayment penalties to fully understand what you're signing up for.

How do entrepreneurs get loans in Phoenix, AZ?

Entrepreneurs in Phoenix, AZ, can get loans from traditional banks and online lenders. Traditional banks tend to offer larger loan amounts, but the application process is typically slower and more rigorous than online lenders.

Online lenders provide small to medium-sized business loans with streamlined application processes, flexible terms, faster approval times, and more competitive interest rates. Before applying for any loan, it's important to understand the loan terms, fees, and eligibility requirements to decide which lender best suits your needs.

What credit score do I need for a 200k business loan in Phoenix, AZ?

A credit score of 700 or more lets you qualify for almost any business loan option. An excellent score of 750 or higher opens up financing opportunities from traditional lenders, bank business lines of credit, and SBA loans.