Financial Cents | Arizona's Financial Podcast
Brent Cannon, executive vice president, director of community banking at National Bank of Arizona® is your host of Financial Cents, Arizona’s Financial Podcast. Each episode, Brent invites fellow banking colleagues with decades of experience in the financial industry to provide both financial and business insights that you could only get if you had a friend in the industry.National Bank of Arizona was founded on the mission to build local relationships, deliver financial literacy and exceptional customer service. More than 30 years later this approach has not changed, serving almost all the communities throughout the state of Arizona. By seizing technology opportunities in the 21st-century, National Bank of Arizona continues this approach with the foundation in which this organization was built upon. This financial podcast was created in efforts to continue to connect with consumers and business owners, building relationships with new listeners and currents clients alike. To learn more, check out nbaz.com/financial-cents.
Financial Cents | Arizona's Financial Podcast
5 Things You Probably Didn’t Know About SBA Loans
What is an SBA loan and what businesses are eligible for one? What can an SBA loan be used for? What are the requirements for receiving an SBA loan? Do you need a good personal credit history to get an SBA loan? And where can a small business owner apply for an SBA loan?
#sba #sbaloans #startups
In this episode of Financial Cents, John Lewis, senior vice president and regional commercial manager at National Bank of Arizona, joins host Brent Cannon, executive vice president and director of community banking at National Bank of Arizona, to discuss 5 things most people probably don’t know about SBA loans.
“The Small Business Administration, or SBA, partners with financial institutions like National Bank of Arizona to be able to provide loans to small businesses. For the bank, these loans are guaranteed by the federal government up 85%,” says John. “This guarantee then allows banks to be able to provide more flexible terms for small business owners than they may ordinarily be able to get.”
“SBA loans can be used for a wide variety of things,” says John, “from short-term working capital to long-term working capital, in addition to acquiring assets like equipment or commercial real estate.”
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