| $2–5 million | NORTH COUNTRY HEALTHCARE INC | FLAGSTAFF, AZ | Stearns Bank National Association |
| $350,000–1 million | NORTHERN ARIZONA DERMATOLOGY CENTER PC | FLAGSTAFF, AZ | Zions Bank, A Division of |
| $150,000–350,000 | NORTHERN ARIZONA FAST FOODS, INC. | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | NORTHERN ARIZONA GASTROENTEROLOGY, PC | FLAGSTAFF, AZ | Zions Bank, A Division of |
| $350,000–1 million | NORTHERN ARIZONA RADIOLOGY IMAGING, LLC | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | NORTHERN ARIZONA RADIOLOGY, P.C. | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | NORTHLAND HOSPICE AND PALLIATIVE CARE, INC. | FLAGSTAFF, AZ | Glacier Bank |
| $350,000–1 million | NORTHLAND PREPARATORY ACADEMY | FLAGSTAFF, AZ | Glacier Bank |
| $350,000–1 million | NORTHLAND-RURAL THERAPY ASSOCIATES, LLC | FLAGSTAFF, AZ | JPMorgan Chase Bank, National Association |
| $150,000–350,000 | NOVAKINETICS AEROSYSTEMS INC. | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | OAKMONT F&B LLC | FLAGSTAFF, AZ | Zions Bank, A Division of |
| $350,000–1 million | ODDS-N-ENDS, INC. | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | OUT THE WINDOW INCORPORATED | FLAGSTAFF, AZ | Wells Fargo Bank, National Association |
| $150,000–350,000 | PAW PLACEMENT OF N AZ DBA HIGH COUNTRY HUMANE | FLAGSTAFF, AZ | Cross River Bank |
| $150,000–350,000 | PERFORMANCE STRATEGIES, INC | FLAGSTAFF, AZ | Sunwest Bank |
| $150,000–350,000 | PERSONNEL SAFETY ENTERPRISES INC | FLAGSTAFF, AZ | Bank of America, National Association |
| $150,000–350,000 | PIC-N-RUN, INC | FLAGSTAFF, AZ | Western Alliance Bank |
| $350,000–1 million | PINE CANYON GOLF, LLC | FLAGSTAFF, AZ | Zions Bank, A Division of |
| $350,000–1 million | PINNACLE EMERGENCY MEDICAL GROUP, PLLC. | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | PLASTIC SURGEONS OF NORTHERN ARIZONA, P.L.L.C. | FLAGSTAFF, AZ | Glacier Bank |
| $150,000–350,000 | PONDEROSA BAR & GRILL, LLC | FLAGSTAFF, AZ | Stearns Bank National Association |
| $150,000–350,000 | PRESCOTT FAST FOODS, INC. | FLAGSTAFF, AZ | Western Alliance Bank |
| $350,000–1 million | QUALITY CONNECTIONS INC. | FLAGSTAFF, AZ | Sunwest Bank |
| $150,000–350,000 | R H MIKE ENTERPRISE INC | FLAGSTAFF, AZ | BOKF, National Association |
| $150,000–350,000 | REDWOOD ADMINISTRATIVE SERVICES, LLC | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | ROOFTOP SOLAR LLC | FLAGSTAFF, AZ | Sunwest Bank |
| $150,000–350,000 | SAGE BRUSH TRADERS LLC | FLAGSTAFF, AZ | First Source Federal Credit Union |
| $350,000–1 million | SALSA BRAVA INC. | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | SAN FRANCISCO OF ASIS ROMAN CATHOLIC PARISH FLAGSTAFF | FLAGSTAFF, AZ | Notre Dame FCU |
| $150,000–350,000 | SCULLY INVESTMENT GROUP, LLC | FLAGSTAFF, AZ | JPMorgan Chase Bank, National Association |
| $1–2 million | SPECTRA ELECTRICAL SERVICES, INC. | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | SPLENDID BENEDICT INC | FLAGSTAFF, AZ | Bank of America, National Association |
| $150,000–350,000 | STEPHENS & COMPANY, PLLC | FLAGSTAFF, AZ | Glacier Bank |
| $350,000–1 million | STRAIGHTLINE BUILDERS INC | FLAGSTAFF, AZ | Glacier Bank |
| $350,000–1 million | TANGLEWOOD TOWNHOUSE ASSOCIATION, INC. | FLAGSTAFF, AZ | JPMorgan Chase Bank, National Association |
| $350,000–1 million | TCR PLUMBING LLC | FLAGSTAFF, AZ | Coastal Community Bank |
| $350,000–1 million | THE WILDLAND TREKKING COMPANY, LLC | FLAGSTAFF, AZ | Western Alliance Bank |
| $350,000–1 million | TINDERBOX FLAGSTAFF, LLC | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | TKM RESTAURANTS, INC. | FLAGSTAFF, AZ | Pinnacle Bank, A Division of |
| $150,000–350,000 | TOASTED OWL INC. | FLAGSTAFF, AZ | Glacier Bank |
| $150,000–350,000 | TRINITY HEIGHTS UNITED METHODIST CHURCH | FLAGSTAFF, AZ | Glacier Bank |
| $350,000–1 million | TYM LTD LLC | FLAGSTAFF, AZ | First Source Federal Credit Union |
| $350,000–1 million | TYRRELL-MARXEN CHEVROLET CADILLAC INC | FLAGSTAFF, AZ | Glacier Bank |
| $150,000–350,000 | WEATHERFORD HOTEL INC. | FLAGSTAFF, AZ | Western Alliance Bank |
| $150,000–350,000 | WESTERN TRUSS AND COMPONENTS | FLAGSTAFF, AZ | Zions Bank, A Division of |
| $350,000–1 million | WHIFFLE TREE, INC.DBA WARNER'S NURSERY & LANDSCAPE COMPA | FLAGSTAFF, AZ | JPMorgan Chase Bank, National Association |
| $150,000–350,000 | WISEMAN AVIATION, INC. | FLAGSTAFF, AZ | JPMorgan Chase Bank, National Association |
| $350,000–1 million | WOODLANDS PLAZA HOTEL, LP | FLAGSTAFF, AZ | BMO Bank National Association |
| $150,000–350,000 | WOODSON ENGINEERING AND SURVEYING, INC. | FLAGSTAFF, AZ | Zions Bank, A Division of |