Tempe is a city in the state of Arizona in the United States. The city is part of the Phoenix metropolitan area and has a population of 185,038 as of the 2010 census.

The economy of Tempe is diverse and includes sectors such as education, healthcare, manufacturing, and technology. The city is home to Arizona State University, which is one of the largest universities in the country. The university has an economic impact of $4.8 billion per year on the city of Tempe.

Healthcare and bioscience is another important sector of the Tempe economy. The city is home to the Mayo Clinic, which is a world-renowned healthcare organization. The Mayo Clinic has an annual economic impact of $2.4 billion on the city of Tempe.

Manufacturing is also an important part of the Tempe economy. The city is home to Intel, which is the world's largest manufacturer of microprocessors. Intel has an annual economic impact of $2.1 billion on the city of Tempe.

Technology is also a major part of the Tempe economy. The city is home to many high-tech companies, including US Airways, Go Daddy, and First Solar. These companies have a combined annual economic impact of $1.5 billion on the city of Tempe.

Comparing SBA Loan Types in Tempe

Our Experts

When it comes to small business loans, the SBA 7(a), SBA 504, and SBA Express programs are some of the best options available. Boasting favorable terms and low rates, these financing vehicles can provide up to $5 million for your business plans.

SBA 7(a) Loans specifically connects small business owners with lenders across the country who are prepared to offer the very best terms to support their businesses. If you're looking to buy commercial real estate or equipment, or if you need access to repair capital, SBA 7(a) loans should definitely be one of your top options.

Our experienced team will provide you with the very best terms from our network of lenders to ensure your business has what it needs to succeed. We offer this service completely free of charge.

Looking for more information about Tempe? Read on below. Otherwise, click the button below, and we'll get right back to you with your free SBA 7(a) loan quote.

Small Business Loans Available in Tempe

There are several options for small business loans in Tempe. The Small Business Administration (SBA) offers several loan programs, including the 7a, 504, and Express programs, that can be used for a variety of purposes, such as working capital, equipment, and real estate. SBA loans are backed by the government and usually have lower interest rates and longer repayment terms than other types of loans.

1. SBA 7(a) Loans

The SBA 7(a) loan program is the Small Business Administration's most popular loan program. It can be used for a variety of different purposes, from working capital to equipment and even real estate. An SBA 7(a) loan's interest rate is generally lower than interest rates on conventional loans. Loan terms are also longer than most conventional loans, which keeps monthly debt service costs low. SBA 7(a) loans are capped at $5 million.

2. SBA 504 Loans

The SBA 504 program is aimed at businesses looking to acquire heavy equipment or fixed assets or for purchasing or developing real estate. Loan terms are typically up to 10 years for equipment purchases and 25 years for real estate, and interest rates are generally lower than most conventional financing options.

3. SBA Express Loans

SBA's Express Loan program are designed for speed: While loans max out at $500,000, the application turnaround time is just a few days. This convenience does not come for free, with interest rates generally higher — and repayment schedules typically shorter — than other SBA loan types, which increases the cost of debt service.

If you are interested in applying for a small business loan in Tempe, we’ll match you with the best lender: Click here for a free quote.

Getting the Right Insurance for Your Property

If you own the property you operate out of, you'll need adequate insurance in place as part of the SBA financing process. Unfortunately, the cost of property insurance has shot up in recent years — and not just in the disaster-prone areas that may immediately come to mind.

Janover Insurance Group is happy to provide you with a free, zero-obligation quote on insuring the commercial real estate your business owns and occupies. Simply click here to get started.