Running a business can be a challenge. Getting financing for your business shouldn’t be.
The National Bank of Arizona Small Business Diversity Banking Program provides greater access to capital for minority business owners. As a variety of business demands come at you from every angle, our knowledgeable bankers treat you and your business as valued members of the community. We can help simplify the loan process, explain your options and ease the burden of securing short-term or long-term capital.
It’s about the relationship.
We take our role as a community bank seriously. Our Small Business Diversity Lending Program was built for you and our relationship bankers can help you determine the best lending options that are right for your business. We get high satisfaction ratings from business owners for a very good reason -- they can speak to a business banker in the community who knows the local market. So when you call or walk into a branch, you can get the answers you need.
The Small Business Diversity Banking Program can put working capital in your reach:
- Wider access to loans and lines of credit through Special Purpose Credit Program underwriting guidelines can assist minority business owners who might otherwise be denied.
- Equity is promoted for those who have experienced economic disadvantages.
- Definitions of qualifying groups are based on established standards from governmental and regulatory agencies.
Your business may qualify for one or more of these available small business loan options:
- Business Access Lines of Credit up to $25,000
- Business Access Term Loans up to $175,000
- Secured, Unsecured or Undersecured Lines of Credit
- Secured, Unsecured or Undersecured Term Loans
- Owner-Occupied Real Estate Loans
- Long-Term Fixed Asset Financing
Who Qualifies for a Minority Small Business Loan?
- A small business with more than 50 percent of the ownership or control held by 1 or more minority; and more than 50 percent of the net profit or loss accruing to 1 or more minority.
- The Small Business Diversity Banking Program defines minorities as Black or African American, Asian, American Indian or Alaska Native, Native Hawaiian or other Pacific Islander, and/or Hispanic or Latino.
- The business is located within Arizona.
- Gross Annual Revenue is not to exceed $10 million.
- Types of business
- Sole Proprietor
- Limited Liability LLC
- C Corp
- S Corp
What is the process for obtaining a minority business loan?
See the section below to fill out the contact form, call us or schedule an appointment to meet with a knowledgeable business banker who can guide you in helping to secure the financing that’s right for you.
Gather the required information and documents.
Submit an application. Once your application is received, we’ll give you a timely decision made locally.
Payments and Loan Terms:
Lines of credit offer the flexibility of revolving credit while term loans range from 12 to 84 months and offer a fixed rate with predictable monthly payments.
- For a Business Line of Credit, borrow up to $50,000, get a same-day decision and next-day business funding. Your credit line is restored as you pay down the amount of capital you have used.
- Loans and lines of credit are available up to a $1,000,000 maximum loan amount. However, most term loans are under $175,000 and typical lines of credit do not exceed $25,000 to $50,000.
- Our experienced small business bankers can help you determine the right loan to expand your business, refinance debt, purchase assets or meet other short- or long-term needs. Contact us using the form below, call us or schedule an appointment at your nearest branch.