SBA Ledger

States › Arizona › FY2022

FY20221 Oct 2021 – 30 Sep 2022

SBA loans in Arizona, FY2022

That fiscal year's approvals by lender and by county.

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.

In FY2022 (1 October 2021 to 30 September 2022) SBA approved 1,067 loans in Arizona: 827 under 7(a) and 240 under 504, worth $826M.

That is down 16% on FY2021, when there were 1,274 approvals worth $1.09bn.

Arizona accounted for 1.9% of the 56,932 approvals nationwide that year. 111 lenders had at least one approval in the state; Mortgage Capital Development Corporation had the most, 94.

1,067approvalsFY2021: 1,274
$826Mdollars approvedFY2021: $1.09bn
$349Kmedian 7(a) approvalFY2021: $498K
111lenders with an approval
12,921jobs supported, as reported

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.

Approvals by lender

The 40 lenders with the most approvals to Arizona businesses in FY2022, of 111 active.

#LenderProgramApprovalsDollarsShare of stateFY2021Change
1Mortgage Capital Development Corporation50494$120M8.8%51+43
2Wells Fargo Bank National Association7(a)94$21.2M8.8%65+29
3CDC Small Business Finance Corp.50476$72.2M7.1%89-13
4Arizona Capital Source50459$56.1M5.5%84-25
5U.S. Bank, National Association7(a)55$7.7M5.2%62-7
6The Huntington National Bank7(a)36$13.1M3.4%20+16
7Celtic Bank Corporation7(a)34$28.7M3.2%43-9
8Newtek Small Business Finance, Inc.7(a)33$18.3M3.1%22+11
9Live Oak Banking Company7(a)31$46.0M2.9%38-7
10JPMorgan Chase Bank, National Association7(a)30$5.9M2.8%15+15
11America First Federal Credit Union7(a)28$29.9M2.6%47-19
12MidFirst Bank7(a)25$29.6M2.3%27-2
13Enterprise Bank & Trust7(a)25$20.5M2.3%30-5
14Bell Bank7(a)21$20.9M2.0%2+19
15Midwest Regional Bank7(a)21$18.0M2.0%17+4
16Arizona Financial Credit Union7(a)21$11.4M2.0%34-13
17Alerus Financial, National Association7(a)20$18.6M1.9%29-9
18BayFirst National Bank7(a)19$6.3M1.8%12+7
19St. Louis Bank7(a)16$22.9M1.5%17-1
20United Midwest Savings Bank National Association7(a)15$3.4M1.4%27-12
21CDC Small Business Finance Corp.7(a)15$2.6M1.4%11+4
22Fifth Third Bank7(a)14$1.8M1.3%12+2
23Arizona Capital Source7(a)13$1.9M1.2%16-3
24Readycap Lending, LLC7(a)12$3.1M1.1%9+3
25BMO Bank National Association7(a)11$7.5M1.0%17-6
26Sunflower Bank National Association7(a)11$3.1M1.0%58-47
27Harvest Small Business Finance, LLC7(a)10$6.3M0.9%3+7
28BNC National Bank7(a)10$3.0M0.9%15-5
29Southwest Heritage Bank7(a)9$7.2M0.8%90
30Bank of America, National Association7(a)9$1.8M0.8%8+1
31PNC Bank, National Association7(a)8$6.6M0.7%42-34
32Mountain America FCU7(a)8$4.2M0.7%7+1
33Zions Bank, A Division of7(a)8$3.8M0.7%40-32
34Byline Bank7(a)6$9.9M0.6%15-9
35VelocitySBA, LLC7(a)6$7.0M0.6%16-10
36Five Star Bank7(a)6$1.4M0.6%3+3
37Bank of Hope7(a)5$12.8M0.5%4+1
38Banc of California7(a)5$10.0M0.5%11-6
39Falcon National Bank7(a)5$7.1M0.5%0new
40BOKF, National Association7(a)5$2.5M0.5%17-12

Approvals by county

#CountyApprovalsDollarsShare of stateFY2021Change
1Maricopa County761$565M71.3%936-175
2Pima County104$73.0M9.7%129-25
3Yavapai County49$45.4M4.6%53-4
4Mohave County37$32.6M3.5%40-3
5Pinal County34$21.4M3.2%39-5
6Coconino County33$40.6M3.1%23+10
7Navajo County13$18.2M1.2%11+2
8Yuma County11$10.0M1.0%10+1
9Cochise County10$4.1M0.9%15-5
10Santa Cruz County6$5.5M0.6%5+1
11Gila County3$2.1M0.3%30
12Graham County3$3.4M0.3%4-1
13La Paz County2—0.2%4-2
14Apache County1—0.1%2-1

FY2022 against FY2021

ArizonaFY2022FY2021
7(a) approvals8271,047
7(a) dollars$567M$893M
Median 7(a) approval$349K$498K
504 approvals240227
504 dollars$259M$201M
Jobs supported, as reported12,92118,978

Questions and answers

Which lenders made the most SBA loans in Arizona in FY2022?

Mortgage Capital Development Corporation (94), Wells Fargo Bank National Association (94), CDC Small Business Finance Corp. (76), Arizona Capital Source (59), U.S. Bank, National Association (55). 111 lenders had at least one approval.

How many SBA loans were approved in Arizona in FY2022?

1,067: 827 under 7(a) worth $567M and 240 under 504 worth $259M.

Which Arizona counties had the most SBA approvals in FY2022?

Maricopa County (761), Pima County (104), Yavapai County (49), Mohave County (37), Pinal County (34).

When does FY2022 start and end?

The federal fiscal year 2022 runs from 1 October 2021 to 30 September 2022.

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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error