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Arizona Federal Credit Union Small Business Loans

Operating under a community charter, Arizona Federal may be the right lender for your small business needs if you live, work, attend school, or worship in Maricopa and Pinal counties in Arizona.

Arizona Federal Credit Union was founded in 1936, with headquarters in Phoenix, Arizona. Since then, Arizona Federal has expanded significantly with 14 branch locations in and around Phoenix, serving over 145,000 members.

Adele Katz Arizona Federal Credit Union was founded in 1936, with headquarters in Phoenix, Arizona. Since then, Arizona Federal has expanded significantly with 14 branch locations in and around Phoenix, serving over 145,000 members.
Adele Katz
August 8, 2022

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Are you an ambitious entrepreneur with an excellent business plan, and do you just need seed money to realize your vision for the future? Do you own and run an established small or medium sized business, and do you have big plans — like expanding your operations, upgrading your equipment, or making the move from leasing to owning your commercial property? Arizona Federal Credit Union may be the right lender for your needs. 

Arizona Federal Credit Union — which is also known simply as Arizona Federal — is a federally chartered and regulated credit union, insured by the National Credit Union Association. Headquartered in Phoenix, Arizona, Arizona Federal Credit Union was first founded in 1936 as the Phoenix City Employees Federal Credit Union. This non profit financial cooperative has since expanded significantly, merging with several other credit unions over the course of its history. The fact that Arizona Federal Credit Union now operates under a community charter means that it is able to serve anyone who lives, works, attends school, or worships in Maricopa and Pinal counties in Arizona.

Today, Arizona Federal Credit Union manages more than $1.9 billion in assets, and has a membership of over 145,000. The credit union operates a total of 14 branch locations in and around Phoenix, AZ, and is part of the CO-OP shared branch network, which offers its members access to an additional 5,000+ shared branches throughout the United States, as well as more than 30,000 surcharge free ATM locations.

Arizona business owners and entrepreneurs who have exciting plans for the future, and who are looking for the right financial partner to realize their goals, should be aware that Arizona Federal Credit Union primarily serves natural persons. However, the credit union also offers a range of business bank accounts, business services, and a select number of commercial loan products. The business loans that Arizona Federal Credit Union can offer have competitive rates and low fees, and local companies will always get the personal attention they deserve.

“Small businesses and entrepreneurs in Maricopa and Pinal counties can take advantage of the fact that Arizona Federal Credit Union is an SBA preferred lender.” 

What Does Arizona Federal Credit Union Offer?

Are you exploring which local credit union offers the commercial lending options and other business services that you need to realize your vision for the future? Keep reading to discover what sets Arizona Federal Credit Union apart, and how you as a business owner can benefit from the unique membership perks that this credit union offers.

A Range of Business Loan Products

Arizona Federal Credit Union is currently able to provide a limited number of business lending solutions, focusing its service on real estate and construction. The business loan options available at Arizona Federal Credit Union include:

Flexibility 

Arizona Federal Credit Union manages nearly $2 billion in assets and is able to offer significant lending capacity. Specializing in real estate, Arizona Federal Credit Union provides a wide variety of loan amounts to business members who qualify. The terms that Arizona Federal Credit Union offers are flexible and varied. 

Favorable Loan Terms

Businesses that are getting ready to invest in commercial real estate in Arizona do not need to look for term limits on Arizona Federal Credit Union's website — this credit union will create a flexible and tailor made commercial loan package suitable for your unique needs and circumstances. Present your proposal, and explore what Arizona Federal Credit Union's commercial lending team can do for you.

Competitive Rates

Credit unions are member owned non profit financial cooperatives. They exist to serve your needs. As such, working with a smaller credit union will offer your business more competitive rates. The rate Arizona Federal Credit Union can offer you on the commercial loan you need depend on a variety of factors. These include the type of loan you are seeking, your industry, how long you have been operational, your business credit score, and your current annual revenue and profits, as well as your projected profits. Having said that, you can expect more favorable rates than you would be able to secure from a traditional banking institution.

A Variety of Business Banking Solutions

Arizona based business owners who are in search of a financial home through which they will be able to manage all of their business banking needs will welcome the fact that Arizona Federal Credit Union offers a selection of no-nonsense business banking solutions — with the same competitive rates and low fees you have come to expect from a credit union. The business bank accounts that Arizona Federal offers include:

Business Insurance

Your growing business needs comprehensive commercial insurance, and Arizona Federal Credit Union's business services team can connect you with the most favorable policies. Arizona Federal Credit Union can assist you in finding affordable workers' compensation insurance, general liability insurance, and cyber liability insurance, among other types of commercial insurance. 

Convenient Banking

Many modern business owners and entrepreneurs will wish to conduct most of their day to day business banking needs, including making loan repayments, via online or mobile banking. Arizona Federal Credit Union offers a secure and user friendly digital banking portal. ID Protect, which offers credit file monitoring and even identity fraud expense reimbursement of up to $10,000, is automatically included in your Arizona Federal Credit Union membership. 

Should you, however, wish to conduct your banking in person, Arizona Federal Credit Union operates 14 convenient branch locations in Phoenix, Glendale, Scottsdale, Avondale, Surprise, Gilbert, Chandler, and Mesa. Outside of the local region, Arizona Federal members can access over 5,000 shared branches through the CO-OP network, as well as more than 30,000 surcharge free ATM locations nationwide.

Excellent Customer Service and Experience

Arizona Federal Credit Union is a locally owned cooperative with more than seven decades of experience. Not only do the commercial lending specialists that you will be working with if you apply for one of the business loans that Arizona Federal Credit Union offers live and work in the same community as you, they also have a deep understanding of the local economy. When you partner with Arizona Federal Credit Union, you can tap into all of that knowledge and use it to your advantage as you build and grow your own business. 

“Any natural person who lives, works, worships, or attends school in the area the credit union serves qualifies for membership. Almost any business operating within the same area may also become a member.”

Who Can Apply for a Commercial Loan From Arizona Federal Credit Union?

Because credit unions are member owned financial cooperatives, Arizona Federal Credit Union can only work with existing members — and therefore, unless your company has already obtained a business membership with the credit union, joining Arizona Federal should be your first step. 

Arizona Federal Credit Union is currently a federally chartered credit union that has a community charter. As such, any natural person who lives, works, worships, or attends school in the area the credit union serves qualifies for membership. Any business operating within the same area may also become a member (with certain restrictions, such as, for example, businesses engaged in the gambling industry). The areas covered by Arizona Federal Credit Union's community charter are Maricopa country and Pinal county in Arizona. 

As of 2022, Arizona Federal Credit Union has put a proposal to its membership that will, if approved, allow the credit union to convert from a federal charter to a state charter. Should this proposal pass, Arizona Federal Credit Union will in the future be able to serve any county in the state of Arizona — meaning that businesses that do not currently qualify for membership but that are based in Arizona may soon be able to join. 

If you establish that you are able to become a member of Arizona Federal Credit Union, you can do so easily by providing basic information about your business. Arizona Federal Credit Union will ask all prospective account holders to supply their social security numbers as well as showing a valid government issued ID, such as a driver's license. In order to fund the account that will grant you membership with Arizona Federal Credit Union, you will have to provide either your current credit card details or your bank routing number. 

Once this process is completed, your business will become able to apply for any of the commercial lending options that Arizona Federal Credit Union offers. 

What Types of Commercial Loan Products Does Arizona Federal Credit Union Provide?

Before you apply for membership with Arizona Federal, you will want to review the business loans that this credit union provides. Arizona Federal Credit Union heavily focuses its commercial lending options on real estate, and it also offers a selection of other business loans. 

Commercial Real Estate Loans From Arizona Federal Credit Union

Arizona Federal Credit Union offers commercial real estate loans for a wide variety of property types, such as office buildings, retail facilities, warehouses, and multi family buildings. Commercial loans are available to finance both owner occupied commercial real estate and investment properties — and those businesses that already have a preexisting commercial real estate mortgage may wish to explore whether refinancing with Arizona Federal Credit Union could lead to long term savings.

Commercial Construction Loans From Arizona Federal Credit Union

Property developers in the Phoenix Metro area will find an excellent financial partner in Arizona Federal Credit Union, which offers specialized commercial construction loans at competitive rates, with a variety of repayment terms being available. These loans are intended to finance the construction of diverse types of commercial and residential properties within the area that Arizona Federal Credit Union serves.

Commercial Take Out Loans From Arizona Federal Credit Union

Commercial take out loans serve the purpose of replacing short term financing, such as interim construction loans (one of the commercial construction loan types that Arizona Federal Credit Union offers), with long term financing once the construction of the property is finished. With a take out loan, you will be able to pay your interim loan off early, allowing you to take advantage of the much more competitive interest rates associated with long term financing. Arizona Federal Credit Union is one of the few credit unions that offers this type of financing, not just in Arizona, but nationwide.

Commercial Equipment Loans From Arizona Federal Credit Union

While Arizona Federal Credit Union focuses on commercial real estate in its business lending program, business owners who are intending to purchase new commercial equipment, or to replace or modernize existing equipment, can also work with this credit union in seeking financing. Arizona Federal Credit Union offers favorable rates and flexible terms that allow you to acquire the equipment, machinery or technology to take your business to the next level. 

Small Business Administration Loans Through Arizona Federal Credit Union

The Small Business Administration is a US government agency that offers small business owners that meet the requirements financing at especially competitive rates. Generous loan amounts are available, at extended terms. SBA loans are designed to grow the local economy by supporting local businesses. Should you be interested in applying for a Small Business Administration loan, the fact that Arizona Federal Credit Union is the number one SBA lender in Arizona will be of special interest to you. 

Arizona Federal Credit Union is currently able to process two distinct types of SBA loans:

What Are the Pros and Cons of Partnering with Arizona Federal Credit Union?

Business owners in the Phoenix Metro area who are intending to invest in commercial real estate will find an ideal partner in Arizona Federal Credit Union. Those who have other financing needs, such as a commercial auto loan, a business line of credit, or a business term loan should look for a credit union that offers those lending options. 

How Do You Qualify for a Commercial Loan From Arizona Federal Credit Union?

Business owners who would like to apply for a commercial loan from Arizona Federal Credit Union can contact one of the credit union's commercial loan officers via Arizona Federal's website, or may visit the most convenient branch location, for further information. The process that Arizona Federal Credit Union will use to determine whether your business can be approved for commercial financing is identical to the process any other financial institution would use — Arizona Federal Credit Union will review your financial standing carefully to ensure that you will be able to carry the loan. 

The key documents you will need to provide when you apply for a commercial loan from Arizona Federal Credit Union include:

Arizona Federal Credit Union will proceed to review your business credit score, which would optimally be between 80 and 100 on the Dun & Bradstreet (D&B) PAYDEX. The FICO scores of principals and guarantors should optimally be over 670. Once Arizona Federal Credit Union has conducted a loan analysis, and determined your annual revenue and profits, debt to income ratio, and projected profits, a loan decision will be made. 

In the case of Small Business Administration loans, the application process will differ slightly. Arizona Federal Credit Union can guide you through the application process and answer any questions you may have. 


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