SBA's 7(a) page calls the program its primary business loan and says the guarantee runs to lenders so they can finance eligible small businesses. Uses SBA lists include acquiring, refinancing, or improving real estate and buildings, along with equipment and working capital. SBA states a maximum loan amount of $5 million. SBA also says you apply with a lender, not with SBA, and that SBA does not provide 7(a) loans directly. Those sentences are the program. They are not a rate, and they are not an approval from Scottsdale.
The SBA Arizona District Office says it serves the whole state and lists a Tucson office at 300 W. Congress Street, Suite 7N, serving Pima, Cochise, and Santa Cruz counties. That address is the SBA's. Capital Market Funds does not sit there. Our only office is in Scottsdale. A southern Arizona business can use the district office for program questions and still must apply with an SBA lender. Size standards are on SBA's size-standards page and depend on the industry. We do not print a headcount, because the standard is not one number for every Tucson business.
The statewide arrangement page is Arizona SBA 7(a). A 504 project, which is a CDC loan plus a bank first mortgage, is Tucson SBA 504. The comparison note is 7(a) versus 504. How an arranger fits between the business and the lender is Arizona SBA loan broker. The city hub is Tucson. Payments you type go in the SBA 7(a) calculator. Wikipedia's Tucson article is city context only.
7(a) and 504 for a Tucson owner-user
Both programs are for a business that occupies commercial property. A 7(a) loan is one loan from an SBA lender and can include real estate plus working capital or equipment. A 504 project splits a bank first mortgage and a CDC debenture and is aimed at fixed assets. The CDC is the 504 lender. We are not that CDC. A passive investor who leases the building to unrelated tenants is describing an investment property, not this owner-user page.
This page is commercial occupancy. It is not a mortgage on a house the owner will live in, and it is not a one-to-four-unit consumer loan. If the business will not occupy the building, stop and look at a conventional commercial mortgage instead.
What the Tucson package should show
Show who owns the operating company, what share each owner has, which part of the building the business uses, and whether any suite is leased to someone else. SBA's eligibility list includes being a for-profit operating business, located in the United States, small under the size rules, and unable to obtain the desired credit on reasonable terms from non-federal sources. The lender applies those tests. We do not waive them.
Craig Hoebing arranges the conversation from Scottsdale under Capital Market Funds, LLC - CBK-2007014 - Commercial Mortgage Banker and NMLS 1445066. Capital Market Funds is not a Fannie Mae DUS lender and not an SBA lender. No fee and no note rate is estimated here.
Tucson market context
- The lender makes the 7(a) loan
- SBA's 7(a) page says borrowers apply through a lender and that SBA does not provide the loans directly. The published maximum is $5 million. That cap is SBA's, not a quote. SBA, 7(a) loans
- SBA's Tucson office
- The Arizona District Office lists 300 W. Congress Street in Tucson for Pima, Cochise, and Santa Cruz counties. That is an SBA address, not a Capital Market Funds office. SBA Arizona District Office
- Size standards vary by industry
- SBA publishes size standards by industry. A Tucson business has to be small under the standard that applies to it. This page does not print one headcount for every industry. SBA size standards
Tucson 7(a) next to a 504 project
Owner-occupied commercial property only. No rates.
| 7(a) | 504 | |
|---|---|---|
| Who makes it | An SBA lender | A bank and a CDC |
| What it often includes | Real estate plus business uses | Fixed assets |
| This firm | Arranges, is not the lender | Arranges, is not the CDC |
Owner-user paths for a Tucson business
| Source | When it fits |
|---|---|
| Tucson 504 | A CDC and a bank for a Tucson owner-user fixed-asset project. We are not the CDC. |
| Arizona 7(a) | The statewide 7(a) arrangement page. This URL is the Tucson owner-user version. |
| Bank | A conventional Tucson bank loan when the business can qualify without an SBA guaranty. |