SBA Loans in Phoenix and Scottsdale

Who This Is For

• Business owners looking to buy out a partner or acquire a competitor
• Companies wanting to purchase their own commercial real estate (up to 90% financing)
• Entrepreneurs needing long-term working capital
• Businesses seeking to refinance existing expensive debt with longer terms

Common Uses

• Commercial real estate acquisition (owner-occupied)
• Business acquisitions and partner buyouts
• Purchasing heavy machinery or specialized equipment
• Refinancing existing high-interest business debt
• Working capital and leasehold improvements

Qualification & Documents

Key Qualification Factors:

• Must be a for-profit business operating in the US
• Owner must have invested their own time or money in the business
• Exhausted alternative financial resources
• Good personal and business credit history (typically 680+)
• No defaults on previous government-backed loans

Documents Needed:

• 3 years of business and personal tax returns
• Personal Financial Statement (SBA Form 413)
• Business debt schedule
• Year-to-date P&L and Balance Sheet
• Detailed business plan with financial projections (for newer businesses or expansions)

Funding Timeline

SBA loans require thorough documentation. Pre-approval takes 3-5 days. Full underwriting and funding typically takes 45 to 60 days, depending on real estate appraisals and SBA processing times.

What is the difference between SBA 7(a) and SBA 504?

Are SBA loans only for struggling businesses?

Do I have to provide a personal guarantee?