Loan Census Banking News and Information
February 21, 2024  
  Business Loan Information  

Paradise Valley, Arizona Small Business Loans

Loan Census SBA Loan Info

Small business loans in Paradise Valley, Arizona are available. You just need to talk to the right bank.

If you are planning on applying for a small business loan and your business is based in Paradise Valley, Arizona, we've assembled a list of local small business banks that you should contact.

Local Paradise Valley Banks

To help you learn more about local small business lenders, here's our list of small business banks in Paradise Valley.

Small Business Bank Recent SBA Loans
Alliance Bank of Arizona  
Harris Trust Bank of Arizona - Corporate Office  
Ironstone Bank - Office- Seville Shopping Center  
Washington Federal Savings - Paradise Valley  
Washington Mutual - Home Loan Centers- Scottsdale  
Wells Fargo Home Mortgage - Scottsdale  

Other Lending Resources for Paradise Valley Businesses

This is a list of banks outside of Paradise Valley, Arizona that have provided SBA loans to Paradise Valley businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Bank Of The West
Truckee, CA
Capital One
Mclean, VA
Cit Small Business Lending Corp
Livingston, NJ
Comerica Bank
Dallas, TX
Jpmorgan Chase Bank
Houston, TX
Pacific Cap. Bank
Santa Barbara, CA
Wells Fargo Bank
San Jose, CA

Paradise Valley Bank Loan Tips

Before reaching out to lenders for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as the equity in your home. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to read up on on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you. Advice on Raising Money is a site that is passionate about supporting small business owners, and we have a lot of resources related to to Raising Money. To learn more, we recommend you read 504 Loans.

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