States › Arizona
State2.0% of US approvals225 lenders active
SBA loans in Arizona
7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Businesses in Arizona received 7,026 SBA loan approvals worth $4.82bn in FY2021 to FY2025, 5,979 of them 7(a) loans and 1,047 504 loans.
That is 43.1 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 2.0% of all approvals in the country (16th of 54 states and territories).
In FY2025 there were 1,871 approvals totalling $1.12bn, up 22% on FY2024. The median 7(a) approval over the five years was $300K and the median 504 approval $706K.
225 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Wells Fargo Bank National Association (439), U.S. Bank, National Association (375) and The Huntington National Bank (348).
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 6.0% as charged off, against 6.6% nationally.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Most active 7(a) lenders in Arizona
Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.
| # | Lender | Approvals in AZ, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National AssociationSioux Falls, SD | 439 | $135M | 7.3% | $15K | 7.9% | |
| 2 | U.S. Bank, National AssociationCincinnati, OH | 375 | $97.1M | 6.3% | $45K | 6.2% | |
| 3 | The Huntington National BankColumbus, OH | 348 | $121M | 5.8% | $92K | 5.7% | |
| 4 | Zions Bank, A Division ofSalt Lake City, UT | 247 | $106M | 4.1% | $140K | 5.9% | |
| 5 | JPMorgan Chase Bank, National AssociationColumbus, OH | 243 | $75.0M | 4.1% | $200K | 7.4% | |
| 6 | Northeast BankLewiston, ME | 233 | $33.0M | 3.9% | $106K | 12.8% | |
| 7 | Newtek Bank, National AssociationMiami, FL | 231 | $97.3M | 3.9% | $225K | — | |
| 8 | BayFirst National BankSaint Petersburg, FL | 209 | $34.5M | 3.5% | $150K | 19.2% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 206 | $292M | 3.4% | $850K | 2.2% | |
| 10 | Celtic Bank CorporationSalt Lake City, UT | 198 | $154M | 3.3% | $150K | 17.0% | |
| 11 | Readycap Lending, LLCBerkeley Heights, NJ | 185 | $74.9M | 3.1% | $138K | 4.3% | |
| 12 | America First Federal Credit UnionRiverdale, UT | 141 | $174M | 2.4% | $563K | 2.0% | |
| 13 | United Midwest Savings Bank National AssociationDe Graff, OH | 127 | $42.6M | 2.1% | $150K | 15.9% | |
| 14 | MidFirst BankOklahoma City, OK | 106 | $151M | 1.8% | $940K | 4.4% | |
| 15 | Midwest Regional BankFestus, MO | 98 | $92.6M | 1.6% | $613K | 10.5% | |
| 16 | Arizona Capital SourceTucson, AZ | 93 | $19.1M | 1.6% | $200K | 7.7% | |
| 17 | Arizona Financial Credit UnionPhoenix, AZ | 92 | $53.4M | 1.5% | $342K | 5.1% | |
| 18 | Bell BankFargo, ND | 90 | $70.8M | 1.5% | $398K | 3.4% | |
| 19 | Mountain America FCUSandy, UT | 90 | $38.3M | 1.5% | $70K | 3.6% | |
| 20 | Bank of America, National AssociationCharlotte, NC | 88 | $36.2M | 1.5% | $300K | 2.6% | |
| 21 | PNC Bank, National AssociationWilmington, DE | 83 | $36.6M | 1.4% | $50K | 8.1% | |
| 22 | Alerus Financial, National AssociationGrand Forks, ND | 80 | $71.5M | 1.3% | $525K | 6.1% | |
| 23 | CDC Small Business Finance Corp.San Diego, CA | 80 | $15.1M | 1.3% | $150K | 17.9% | |
| 24 | St. Louis BankSt. Louis, MO | 79 | $103M | 1.3% | $713K | 1.0% | |
| 25 | Enterprise Bank & TrustClayton, MO | 79 | $71.4M | 1.3% | $941K | 1.1% | |
| 26 | Newtek Small Business Finance, Inc.Lake Success, NY | 79 | $44.9M | 1.3% | $300K | 6.8% | |
| 27 | Sunflower Bank National AssociationDallas, TX | 75 | $49.5M | 1.3% | $495K | 3.0% | |
| 28 | BNC National BankGlendale, AZ | 63 | $30.2M | 1.1% | $382K | 5.6% | |
| 29 | Lendistry SBLC, LLCLos Angeles, CA | 60 | $15.9M | 1.0% | $150K | 22.7% | |
| 30 | Fifth Third BankCincinnati, OH | 52 | $21.7M | 0.9% | $200K | 5.5% | |
| 31 | First Bank of the LakeOsage Beach, MO | 50 | $43.8M | 0.8% | $350K | 2.7% | |
| 32 | UMB Bank, National AssociationKansas City, MO | 50 | $36.9M | 0.8% | $356K | 5.5% | |
| 33 | BMO Bank National AssociationChicago, IL | 50 | $35.9M | 0.8% | $512K | 2.9% | |
| 34 | Harvest Small Business Finance, LLCLaguna Hills, CA | 45 | $33.6M | 0.8% | $765K | 0.4% | |
| 35 | The Bancorp Bank National AssociationSioux Falls, SD | 43 | $39.3M | 0.7% | $589K | 6.7% | |
| 36 | Byline BankChicago, IL | 42 | $50.7M | 0.7% | $806K | 9.5% | |
| 37 | Western Alliance BankPhoenix, AZ | 40 | $37.7M | 0.7% | $706K | 3.7% | |
| 38 | BOKF, National AssociationTulsa, OK | 37 | $26.0M | 0.6% | $523K | 3.0% | |
| 39 | VelocitySBA, LLCIrving, TX | 36 | $38.5M | 0.6% | $769K | 19.9% | |
| 40 | Columbia BankLake Oswego, OR | 30 | $19.6M | 0.5% | $50K | 7.9% |
504 certified development companies
| # | Lender | Approvals in AZ, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Mortgage Capital Development CorporationOakland, CA · 504 CDC | 505 | $621M | 48.2% | $913K | 0.3% | |
| 2 | Arizona Capital SourceTucson, AZ · 504 CDC | 241 | $218M | 23.0% | $557K | 1.2% | |
| 3 | CDC Small Business Finance Corp.San Diego, CA · 504 CDC | 218 | $212M | 20.8% | $824K | 0.4% | |
| 4 | California Statewide Certified Development CorporationDavis, CA · 504 CDC | 52 | $41.5M | 5.0% | $886K | 0.1% | |
| 5 | Mountain West Small Business FinanceSalt Lake City, UT · 504 CDC | 8 | $12.2M | 0.8% | $684K | 0.6% | |
| 6 | Preferred Lending PartnersLakewood, CO · 504 CDC | 8 | $5.9M | 0.8% | $613K | 0.0% | |
| 7 | AMPAC Tri-State CDC, Inc.Ontario, CA · 504 CDC | 3 | $3.5M | 0.3% | $773K | 0.7% | |
| 8 | Small Business Growth CorporationSpringfield, IL · 504 CDC | 2 | — | 0.2% | $609K | 1.4% | |
| 9 | Nevada State Development CorporationLas Vegas, NV · 504 CDC | 2 | — | 0.2% | $627K | 1.0% | |
| 10 | Enchantment Land Certified Development CompanyAlbuquerque, NM · 504 CDC | 1 | — | 0.1% | $490K | 1.5% | |
| 11 | Central Minnesota Development CompanyAndover, MN · 504 CDC | 1 | — | 0.1% | $604K | 0.5% | |
| 12 | Midwest Business Finance CorporationSt. Cloud, MN · 504 CDC | 1 | — | 0.1% | $506K | 1.2% |
Fiscal-year ledger
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 858 | $564M | $279K | 134 | $154M | 992 | 10,930 |
| FY2025 | 1,649 | $847M | $243K | 222 | $277M | 1,871 | 21,261 |
| FY2024 | 1,335 | $705M | $250K | 199 | $208M | 1,534 | 16,565 |
| FY2023 | 1,121 | $684M | $300K | 159 | $180M | 1,280 | 15,577 |
| FY2022 | 827 | $567M | $349K | 240 | $259M | 1,067 | 12,921 |
| FY2021 | 1,047 | $893M | $498K | 227 | $201M | 1,274 | 18,978 |
| FY2020 | 871 | $546M | $335K | 148 | $110M | 1,019 | 12,005 |
| FY2019 | 1,068 | $574M | $250K | 126 | $116M | 1,194 | 13,833 |
| FY2018 | 1,159 | $598M | $201K | 86 | $75.8M | 1,245 | 15,578 |
| FY2017 | 1,267 | $652M | $230K | 91 | $76.6M | 1,358 | 17,306 |
| FY2016 | 1,291 | $608M | $191K | 95 | $73.2M | 1,386 | 17,758 |
7(a) approvals504 approvals
Counties
Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.
| # | County | Approvals | Dollars | Establishments | Per 1,000 establishments | By fiscal year |
|---|---|---|---|---|---|---|
| 1 | Maricopa County | 5,147 | $3.50bn | 109,863 | 46.8 | |
| 2 | Pima County | 719 | $464M | 21,381 | 33.6 | |
| 3 | Yavapai County | 262 | $191M | 6,559 | 39.9 | |
| 4 | Pinal County | 213 | $142M | 4,723 | 45.1 | |
| 5 | Mohave County | 210 | $177M | 4,305 | 48.8 | |
| 6 | Coconino County | 147 | $141M | 3,955 | 37.2 | |
| 7 | Yuma County | 80 | $37.0M | 3,376 | 23.7 | |
| 8 | Navajo County | 79 | $58.8M | 1,860 | 42.5 | |
| 9 | Cochise County | 74 | $47.0M | 2,189 | 33.8 | |
| 10 | Gila County | 32 | $17.6M | 1,065 | 30.0 | |
| 11 | Santa Cruz County | 24 | $9.6M | 1,129 | 21.3 | |
| 12 | Graham County | 16 | $11.9M | 574 | 27.9 | |
| 13 | La Paz County | 15 | $18.4M | 352 | 42.6 | |
| 14 | Apache County | 8 | $5.6M | 442 | 18.1 |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 578 | $380M | 8.2% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 292 | $246M | 4.2% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 270 | $130M | 3.8% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 262 | $160M | 3.7% | |
| 5 | Personal Care ServicesNAICS 8121 | 218 | $71.2M | 3.1% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 216 | $134M | 3.1% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 208 | $97.7M | 3.0% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 189 | $132M | 2.7% | |
| 9 | Offices of PhysiciansNAICS 6211 | 176 | $111M | 2.5% | |
| 10 | Building Finishing ContractorsNAICS 2383 | 153 | $72.4M | 2.2% | |
| 11 | Traveler AccommodationNAICS 7211 | 145 | $352M | 2.1% | |
| 12 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 130 | $58.8M | 1.9% | |
| 13 | Residential Building ConstructionNAICS 2361 | 123 | $44.8M | 1.8% | |
| 14 | General Freight TruckingNAICS 4841 | 116 | $58.0M | 1.7% | |
| 15 | Other Personal ServicesNAICS 8129 | 115 | $64.9M | 1.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 954 | 13.6% | |
| 2 | Construction | 891 | 12.7% | |
| 3 | Accommodation and Food Services | 833 | 11.9% | |
| 4 | Other Services (except Public Administration) | 755 | 10.7% | |
| 5 | Retail Trade | 744 | 10.6% | |
| 6 | Professional, Scientific, and Technical Services | 705 | 10.0% | |
| 7 | Manufacturing | 406 | 5.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 370 | 5.3% | |
| 9 | Transportation and Warehousing | 275 | 3.9% | |
| 10 | Arts, Entertainment, and Recreation | 245 | 3.5% |
Franchise brands
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Ace Hardware | 12 | 0.2% | |
| 2 | Scooter's Coffee | 9 | 0.1% | |
| 3 | Motel 6 | 8 | 0.1% | |
| 4 | Super 8 by Wyndhan | 8 | 0.1% | |
| 5 | Jackson Food Stores, Inc. | 8 | 0.1% | |
| 6 | The UPS Store | 8 | 0.1% | |
| 7 | Best Western | 7 | 0.1% | |
| 8 | Culver's ButterBurgers & Frozen Custard | 7 | 0.1% | |
| 9 | Tropical Smoothie Cafe | 7 | 0.1% | |
| 10 | Bruster's Real Ice Cream | 7 | 0.1% |
How earlier loans turned out
| Loans approved FY2010–FY2021 | AZ 7(a) | US 7(a) | AZ 504 | US 504 |
|---|---|---|---|---|
| Approvals in these years | 12,990 | 639,905 | 1,422 | 85,591 |
| Cancelled or never disbursed | 1,486 | 79,313 | 142 | 12,514 |
| Disbursed loans | 11,504 | 560,592 | 1,280 | 73,077 |
| Paid in full | 8,917 | 435,813 | 685 | 35,491 |
| Charged off | 692 | 36,891 | 13 | 905 |
| Still outstanding (status exempt from disclosure) | 1,895 | 87,888 | 582 | 36,681 |
| Charged off, share of disbursed loans | 6.0% | 6.6% | 1.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 1.9% | 2.5% | 0.7% | 0.9% |
| Dollars charged off | $110M | $5.70bn | $6.6M | $499M |
Approval sizes
- $50,000 or less16.2%1,141
- $50,001 to $150,00016.3%1,143
- $150,001 to $350,00019.0%1,337
- $350,001 to $1 million27.7%1,949
- $1 million to $2 million12.4%870
- Over $2 million8.3%586
Age of the businesses
- Existing, more than 2 years old57.2%4,020
- New business, 2 years or less17.2%1,209
- Startup, loan funds will open the business15.2%1,070
- Change of ownership10.3%722
- Not answered0.1%5
Against the country
| FY2021–FY2025 | Arizona | United States |
|---|---|---|
| Approvals per 1,000 establishments | 43.1 | 41.0 |
| Median 7(a) approval | $300K | $190K |
| Median 504 approval | $706K | $657K |
| 504 share of approvals | 14.9% | 11.0% |
| Jobs supported per approval, as reported | 12.1 | 10.5 |
| Approvals, change on FY2016–FY2020 | 13% | 10% |
Questions and answers
Which lenders make the most SBA loans in Arizona?
By 7(a) approvals in FY2021 to FY2025: Wells Fargo Bank National Association (439), U.S. Bank, National Association (375), The Huntington National Bank (348), Zions Bank, A Division of (247), JPMorgan Chase Bank, National Association (243). For 504 loans: Mortgage Capital Development Corporation (505), Arizona Capital Source (241), CDC Small Business Finance Corp. (218). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Arizona?
The median 7(a) approval was $300K and the median 504 approval $706K; the average across both programs was $686K.
Which industries get the most SBA loans in Arizona?
Restaurants and Other Eating Places (578); Automotive Repair and Maintenance (292); Offices of Other Health Practitioners (270); Building Equipment Contractors (262); Personal Care Services (218).
Which Arizona counties receive the most SBA loans?
Maricopa County (5,147), Pima County (719), Yavapai County (262), Pinal County (213), Mohave County (210), by approvals in FY2021 to FY2025.
Is SBA lending in Arizona rising?
Approvals in the three latest complete fiscal years total 4,685, against 3,360 in the three before: rising (+39%).
What share of SBA loans in Arizona are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 6.0% are recorded as charged off (national: 6.6%); for 504 loans the figure is 1.0% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error