SBA & USDA Lending

Metro Phoenix Bank continues to support many small business owners by providing financing solutions through various SBA loan programs. Terms are flexible and rates are competitive. Contact us to see if you are eligible to take advantage of a loan program that was designed with small business owners in mind.

Contact Metro Phoenix Bank's Loan Department today for more information about your lending options - 602-346-1800.

SBA Lending

Metro Phoenix Bank (MPB) participates in both the SBA 7(a) and 504 loan programs. MPB has achieved the status of a Preferred Lender, which is recognized as the highest designation from the SBA and reserved for experienced SBA lenders. Under the Preferred Lenders Program (PLP), Metro Phoenix Bank has the delegated authority to process, close, service, and liquidate most SBA guaranteed loans without prior SBA review.    

Determining your eligibility is the first step to see if your company qualifies for an SBA loan. The following list provides general SBA eligibility requirements.

The Small Business Applicant must:

  • Be an operating business (passive investors are not eligible)
  • Be organized for profit
  • Be located in the United States (includes territories and possessions)
  • Be small (as defined by SBA)
  • Demonstrate a need for the desired credit
  • Demonstrate that the funds are not available from alternative sources, including personal resources of the principals
  • Not fall under an ineligible business type (as defined by SBA)
 
 

For a more comprehensive understanding of eligibility requirements and the various loan types available, call one of our seasoned SBA professionals at 602-346-1800 or visit www.sba.gov/content/sba-loans.

SBA Forms

While navigating through the SBA loan process, feel confident that MPB will guide you every step of the way. As an added convenience, the required SBA forms for beginning the loan application process are available here

USDA Lending

USDA Lending provides opportunities for rural communities to access business capital. Through USDA loan guarantees, private lenders are able to extend more affordable financing, in turn improving the economic health of rural communities. Highlights of USDA loans include:

  • Funding may be available for rural areas outside a city or town with a population of less than 50,000.
  • A Borrower's headquarters may be based in a larger city as long as the project is located in an eligible area.
  • Loan uses vary and may include the purchase of equipment, business conversion, enlargements, modernization or business and industrial acquisitions when the loan will create or save jobs.
  • Individual borrowers must be citizens of the United States or reside in the U.S. after being legally admitted for permanent residence.
  • At loan closing/project completion, the business must have a tangible balance sheet equity position of at least 10% or more for existing businesses or at least 20% or more for new businesses. 
  • Loan funds cannot be used for a Line of Credit, gambling facilities, churches, golf courses, owner-occupied and rental housing.
 
 

For a more comprehensive understanding of eligibility requirements, call one of our seasoned USDA professionals or visit www.rd.usda.gov/programs-services/all-programs/business-programs.

 

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