PHOENIX LENDER SERVICES
SBA Loans
Build, expand, or elevate your business with Small Business Administration (SBA) loans designed to support your unique goals and growth.
Types of SBA Business Loans
At PHX Finance, we empower small and medium-sized businesses across America with access to the capital needed to thrive and operate effectively. Our team of dedicated commercial lending experts specializes in SBA small business loans, guiding you through your options and providing the support necessary to navigate both short-term and long-term financing solutions.
7(a)
Loan
Start or acquire a business, purchase inventory and equipment, secure working capital, or refinance debt with an SBA 7(a) loan, offering flexible variable or fixed interest rates.
How Can You Use an SBA Loan?
At PHX Finance, we empower small and medium-sized businesses across America with access to the capital needed to thrive and operate effectively. Our team of dedicated commercial lending experts specializes in SBA small business loans, guiding you through your options and providing the support necessary to navigate both short-term and long-term financing solutions.
Purchase or Construct a Building
Secure funding for land acquisition or construction or purchase an existing property.
Purchase an Existing Business
Kick-start growth, expand your capabilities, or extend your reach into new markets by acquiring an established business.
Expand or Modernize Facilities
Expand your space, upgrade technology, or modernize existing facilities with an SBA loan.
Buy Machinery, Equipment, & Fixtures
Move forward with financing to acquire new assets, upgrade outdated ones, or replace those that are no longer functional.
Finance a Startup
Give your idea a strong foundation with a startup loan for real estate, equipment, working capital, and more.
Finance Leasehold Improvements
Renovate your leased facility to create the space and functionality needed for successful operations.
The Benefits of Securing Your SBA Loan Through PHX Finance
Our long-standing commitment to small businesses, combined with our relationship with the SBA, gives you a distinct advantage in securing the loans needed to start, expand, or grow your business.
Speed
We know that if you need a loan for your business, you often need it sooner rather than later. Instead of inquiring with an ordinary bank, who may take weeks or months to even approve you, we typically make loan approval decisions within 24 hours. Speed is our great disruptor in an industry not otherwise known for this.
Service
When you inquire with us, our Loan Specialists will walk you through the process, answer any questions, hold your hand (if need be), and continuously update you, leaving little room for worry or stress. We KNOW that applying to borrow money can be an anxiety-riddled process, and we do everything in our power to alleviate that for you.
Specialization
While banks or other lenders may have tens or hundreds of loan products, we only help you access a few commercial loan products. By working with these loan products again and again and again, we know how to make sure your business gets exactly what it needs. With over 400 years of collective experience in SBA lending, you’d be hard-pressed to find a better group of specialists in our industry.
Sincerity
We are very passionate about what we do. We take great pride in helping entrepreneurs build their businesses and take them to the next level… and many of our team members are fellow entrepreneurs as well. We KNOW that what a business owner – a job creator — does contributes to our society in so many ways, and we’re honored and humbled to play a part in that.
Soul
At Phoenix Finance, our people are the soul of our company. As a small business ourselves, we understand the courage and determination it takes to grow. That’s why you’ll always have dedicated team members to not only update you and move your loan along, but to combat any concerns, help to tell your business’s story, and to be a resource to you along your success journey. At the end of the day, people buy from people and this is why business is never just business, it’s always personal.
More Time to Repay
The SBA offers flexible repayment terms based on the loan type and what you’re financing:
Business acquisition, equipment
Up to 10 years
Working capital
Between 7-10 years
Real estate
Up to 25 years
Frequently Asked Questions
About SBA Loans
What is an SBA loan?
The Small Business Administration (SBA) offers a variety of loan products designed to help small businesses succeed. SBA 7(a) loans can assist with starting or acquiring a business with a variable interest rate, while SBA 504 loans are ideal for buying, building, or expanding a business.
What businesses qualify for an SBA loan?
The SBA defines a “small business” as any business with fewer than 500 employees. Depending on your business structure and revenue, there may be additional criteria to consider.
How much can I borrow with an SBA loan?
SBA loan products vary, but typically, the maximum amount a business can borrow at a time is $5 million.
What are the interest rates for an SBA loan?
Interest rates depend on the specific SBA loan product and whether the rate is fixed or variable. Generally, SBA loans feature interest rates between prime + 2.25% and prime + 6%. Our SBA loan experts can help you understand the rate structure and assist you in selecting the best option for your business.
Are SBA loans hard to get?
SBA loans are designed with small business owners in mind, offering competitive up-front investment, loan amounts, fees, and interest rates compared to traditional lenders. We’ll guide you through your options, helping you make the best decision for your current needs and long-term goals.
How much money do I need to get an SBA loan?
The required down payment or contribution varies depending on the type of SBA loan and what you’re financing. Whether it’s for land, construction, real estate, equipment, or working capital, we’ll make sure you understand exactly what you need to provide to secure the funding you’re seeking.
How do I get approved for an SBA loan?
Our SBA loan experts will assist you in navigating the entire process—from request to approval. We’ll provide support every step of the way, answer your questions, and ensure that all necessary documents are submitted on time to get your loan approved efficiently.
Do SBA loans have to be paid back?
Yes, as per the terms outlined in your agreement.
Can I get an SBA loan for a nonprofit business?
Generally, the SBA does not offer loans to nonprofit organizations. However, in special cases, nonprofits can apply for disaster-related programs. The 2020 CARES Act amended the SBA’s Emergency Economic Injury Disaster Loan (EIDL) program to include loans for nonprofits affected by the pandemic. Similarly, the Paycheck Protection Program (PPP) allowed for SBA loans to certain nonprofits. These programs were limited to nonprofits impacted by the coronavirus pandemic or other government-declared disasters. USDA loans, however, are available to both for-profit businesses and nonprofit organizations.
Let’s Unlock New Opportunities and Embrace What’s Next.
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