SBA Loan Programs

Small businesses are the lifeblood of our economy. Yet it can be challenging for new or growing small businesses to secure traditional bank financing. Pinnacle Bank is pleased to support Arizona’s small business community as an SBA Preferred Lender, offering both basic 7(a) loans for new or expanding businesses, and 504 loans.

 

To learn more, visit the SBA site for details and qualifications.

 

GET STARTED WITH ONE OF OUR SBA SPECIALISTS: 

Randall Gaston
EVP/Commercial Lending Manager
480-369-0572
rgaston@pinnaclebankaz.com
Visit Greg Thorell's Page

Jared Shintaku
VP/SBA Business Development Officer
623-512-7078
jshintaku@pinnaclebankaz.com
Visit Greg Thorell's Page

Scott Willits
VP/Business Development Officer
602-405-9598
swillits@pinnaclebankaz.com
Visit Greg Thorell's Page

Michael Churosh
VP/Loan Officer II
602-995-6569
mchurosh@pinnaclebankaz.com
NMLS# 1190928
Visit Greg Thorell's Page

 

Compare SBA Loans

  

SBA 7(a)
For borrowers looking to start, acquire or expand a small business

Loan Types
Real Estate Acquisition
Real Estate Refinancing
Equipment Financing
Working Capital Financing
Business Acquisition
Mixed-Use Financing

Max Loan Size
$5 million

Maturity
Matches use of proceeds
10-25 years

Key Features
Minimal equity requirements
No minimum collateral requirements
Minimal repayment penalties

SBA 504
For small businesses who need financing for real estate

Loan Type
Real Estate Acquisition

Max Loan Size
Multi-use properties = $5.4 million
Non-multi-use properties = $1.8 million

Maturity
25 years on first deed of trust loan
20 years on second deed of trust loan

Key Features
Max 90% leverage (less for startup and/or special use)
Longer term prepayment penalties

Other Details
5-year fixed interest rates
Recourse to any 20% or more owner