Dream Big, Borrow Smart
Scaling your business requires reliable access to cash. Whether you’re just getting started or you’re looking to expand, our SBA loan options can help you reach the next level. Whatever your needs are, OneAZ’s business team is dedicated to ensuring you thrive.
What are SBA Loans?
Government-backed SBA loans allow small business owners to access funding without the barriers of many traditional loans. SBA loans are a catalyst for small-business success. With OneAZ, you get flexibility and affordability, along with the benefit of partnering with an all-star business banking team that will help your business navigate the local market.
How to Get a OneAZ SBA Loan
A OneAZ business banker will help you navigate the process, beginning with learning more about your business and understanding your financing needs.
1
Meet with a business banker.
2
Apply at a OneAZ branch.
3
Use the funds for your qualifying business expenses.
What Can I Use an SBA Loan For?
SBA loans provide a flexible use of funds:
- Purchasing real estate (commercial property)
- Acquiring equipment
- Purchasing inventory
- Buying an existing business
- Providing working capital
- Refinancing existing debt
SBA loans are ideal for:
- Food truck owners
- Restaurant owners
- Retail store owners
- Service-based businesses
- Small manufacturers
- Franchise owners
- Women-owned businesses
- Minority-owned businesses
Types of SBA Loans Available
| SBA 7(A) Loans | SBA 504 Loans | |
|---|---|---|
| Best for: | Working capital, commercial real estate, equipment | Real estate, facility renovation, long-term fixed asset financing |
| Loan Amount: | Up to $5 million | Up to $5 million |
| Use of Funds: | Flexible use, including working capital, equipment, inventory and real estate | Strictly for purchasing land, buildings, or long-term machinery and equipment |
| Interest Rates: | Variable or fixed | Fixed |
| Term Length: | Up to 25 years for real estate; shorter for working capital or equipment | Up to 25-year maturity terms available |
SBA 7(A) Loans
Best for:
Working capital, commercial real estate, equipment
Loan Amount:
Up to $5 million
Use of Funds:
Flexible use, including working capital, equipment, inventory and real estate
Interest Rates:
Variable or fixed
Term Length:
Up to 25 years for real estate; shorter for working capital or equipment
SBA 504 Loans
Best for:
Real estate, facility renovation, long-term fixed asset financing
Loan Amount:
Up to $5 million
Use of Funds:
Strictly for purchasing land, buildings, or long-term machinery and equipment
Interest Rates:
Fixed
Term Length:
Up to 25-year maturity terms available
Interested in an SBA Loan?
Connect with your local Business Banker today.
SBA Loan FAQ
SBA loans are ideal for businesses that meet the following eligibility requirements:
- Officially registered and legally operated for-profit business
- The business cannot obtain funds in a conventional manor from a financial institution.
It depends on the individual case. An SBA loan may require a down payment but in some cases a down payment is not required.
If you are a business owner in the state in Arizona, you may be eligible for an SBA loan through OneAZ Credit Union.
For membership eligibility, visit OneAZcu.com/Membership.
*See Terms and Conditions for additional details.
