Lending data
Who actually lends to finance and insurance businesses in Arizona?
74 SBA 7(a) loans went to finance and insurance businesses in Arizona recently, at a median of $275,000. Here are the lenders that made them, ranked.
74 SBA 7(a) loans went to finance and insurance businesses in Arizona in the most recent fiscal years. The median was $275,000 over 10 years. The most active lender was Newtek Bank, with 7 loans.
What lending to finance and insurance businesses in Arizona actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Finance and insurance, Arizona | All 7(a) borrowers |
|---|---|---|
| Loans approved | 74 | 214,102 |
| Median loan | $275,000 | $150,000 |
| 25th - 75th percentile | $99,750 - $539,700 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.00% | 10.25% |
| Share to startups | 18.9% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 4.7% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to finance and insurance businesses in Arizona. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Newtek Bank | 7 | $300,000 | 14% | 10.50% |
| BayFirst National Bank | 5 | $56,000 | 0% | 11.75% |
| Byline Bank | 5 | $500,000 | 0% | 10.25% |
| United Midwest Savings Bank | 5 | $995,000 | 80% | 10.00% |
| U.S. Bank | 4 | $307,200 | 25% | 6.66% |
| Readycap Lending, LLC | 4 | $175,000 | 50% | 10.38% |
| Zions Bank | 4 | $33,000 | 0% | 11.62% |
| Bell Bank | 4 | $484,850 | 0% | 9.12% |
| Celtic Bank Corporation | 3 | $150,000 | 33% | 10.25% |
| Enterprise Bank & Trust | 3 | $527,300 | 0% | 8.25% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $275,000 is 83% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- This is a hard market for new businesses. Only 19% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- Lending here is fragmented. The top three lenders made only 23% of these loans between them, so no single institution owns this market. That is good news: it means shopping genuinely pays.
- This market has performed well. Its FY2010-2019 charge-off rate of 4.7% is below the 7.1% overall figure, which is part of why lenders compete for it.
Which of them lend to new businesses
Of those loans, 18.9% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| United Midwest Savings Bank | 4 | $995,000 | 80% | 10.00% |
| Readycap Lending, LLC | 2 | $175,000 | 50% | 10.38% |
| MidFirst Bank | 2 | $1,103,000 | 67% | 8.00% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in Arizona: construction, healthcare, restaurants and hotels, personal services, professional services, retail
- Finance in comparable states: North Carolina, Massachusetts, Indiana, Missouri, Utah, Washington