GoSBA’s Top 50 Nevada SBA Lenders in 2024
Overview of SBA Loans in Nevada
Nevada is the 32nd most populous state in America, with a population of over three million residents. The state ranks as the 35th-highest in GDP per capita among all U.S. states. Major cities such as Las Vegas, North Las Vegas, and Reno are the largest metropolitan areas in Nevada, where most of the population is concentrated.
According to the U.S. Small Business Administration Office of Advocacy, there are over 250,000 small businesses in Nevada that employ more than 400,000 people. In FY 2023, Nevada SBA loan providers funded 530 businesses, with a total loan volume of $208 million. Popular industries in Nevada include hotels, restaurants, dental offices, and lessors of non-residential buildings.
Finding the Best Nevada SBA Loans
Finding the best and most affordable business loans can be challenging, but we make it easier by comparing the top SBA lenders in Nevada for you. GoSBA Loans helps businesses secure the financing they need to thrive—whether for purchasing equipment, refinancing high-interest loans, buying commercial property, or financing building improvements. After reading our analysis, click “Apply Now” and let us match you with the best SBA loan providers in Nevada.
Challenges in Accessing SBA Loans in Nevada
One of the significant challenges that small businesses face is access to affordable financing. The top SBA lenders in Nevada include major financial institutions like Meadows Bank, Western Alliance, Wells Fargo, Seacoast Commerce, Zions Bank, JPMorgan Chase, U.S. Bank, Harvest Small Business Finance, Pacific Premier, and Live Oak. These ten lenders funded 322 businesses in Nevada, with a combined loan volume of $108.5 million. However, just because these lenders are the most popular does not necessarily mean they are the right fit for every industry or business size. Many small businesses may find better success with smaller, specialized SBA lenders.
How GoSBA Loans Helps Nevada Small Businesses
At GoSBA Loans, we understand the struggle of finding the best and cheapest SBA loans for your business. Our unique approach circulates your loan application to 33 of the top 100 SBA lenders in Nevada, increasing your chances of approval. We make lending for small businesses easier, faster, and more affordable. Below is our official ranking for the top 50 Nevada SBA lenders in 2024.
Top 50 Nevada SBA Lenders in 2024
Bank Name |
Amount Funded |
Loans Funded |
|---|---|---|
| Newtek Bank, National Association | $28,754,000 | 44 |
| America First FCU | $15,847,000 | 16 |
| Enterprise Bank & Trust | $10,173,100 | 8 |
| Bank of America, National Association | $8,822,000 | 15 |
| Harvest Small Business Finance, LLC | $7,272,200 | 6 |
| Live Oak Banking Company | $6,824,500 | 8 |
| First Internet Bank of Indiana | $5,501,000 | 4 |
| American Business Bank | $5,000,000 | 1 |
| Community Bank & Trust-West Georgia | $4,862,500 | 4 |
| Berkshire Bank | $4,614,000 | 2 |
| Celtic Bank Corporation | $4,453,000 | 6 |
| JPMorgan Chase Bank, National Association | $3,446,000 | 17 |
| CRF Small Business Loan Company, LLC | $3,131,200 | 6 |
| First Bank of the Lake | $2,739,900 | 8 |
| BayFirst National Bank | $2,729,200 | 21 |
| Byline Bank | $2,671,000 | 6 |
| MidFirst Bank | $2,610,000 | 2 |
| First Savings Bank | $2,474,000 | 3 |
| GBank | $2,407,800 | 3 |
| Idaho First Bank | $2,354,300 | 1 |
| Meadows Bank | $2,353,000 | 4 |
| East West Bank | $2,300,000 | 3 |
| City National Bank | $2,117,500 | 2 |
| Grasshopper Bank National Association | $1,985,100 | 1 |
| First Business Bank | $1,830,000 | 1 |
| Banc of California | $1,810,800 | 2 |
| Dogwood State Bank | $1,327,500 | 2 |
| First National Bank of Pennsylvania | $1,143,000 | 1 |
| Northeast Bank | $1,133,800 | 16 |
| Mortgage Capital Development Corporation | $1,055,000 | 6 |
| American Continental Bank | $1,000,000 | 1 |
| First Chatham Bank | $961,000 | 1 |
| Cadence Bank | $885,000 | 4 |
| CDC Small Business Finance Corporation | $771,600 | 5 |
| Lincoln Savings Bank | $750,000 | 1 |
| Citizens Bank | $720,500 | 2 |
| Commonwealth Business Bank | $662,000 | 1 |
| 22nd State Bank | $658,000 | 1 |
| KeyBank National Association | $628,000 | 1 |
| Mountain America FCU | $570,000 | 3 |
| Gulf Coast Bank and Trust Company | $500,000 | 1 |
| First Commonwealth Bank | $494,200 | 1 |
| Colony Bank | $446,000 | 2 |
| CIBC Bank USA | $416,500 | 2 |
| California Statewide Certified Development Corporation | $350,000 | 1 |
| BMO Bank National Association | $300,000 | 1 |
| Lendistry SBLC, LLC | $201,700 | 2 |
| Ameris Bank | $200,000 | 1 |
| Community Banks of Colorado, A Division of | $200,000 | 1 |
| Heritage Bank, Inc. | $150,000 | 1 |
Leading Nevada SBA Lenders by Loan Volume
Analyzing the table above, Newtek Bank, National Association leads the way in Nevada with the highest loan volume, funding over $28.7 million across 44 loans. This makes Newtek Bank an excellent choice for businesses looking for substantial financing in the state.
Top SBA Lenders by Number of Loans Funded
When it comes to the number of loans funded, BayFirst National Bank stands out, funding 21 loans totaling over $2.7 million. This indicates that BayFirst National Bank is highly active in the Nevada SBA lending market, making it a reliable choice for small business owners seeking an experienced lender.
Other Notable SBA Lenders in Nevada
America First FCU and JPMorgan Chase Bank, National Association are also significant players in Nevada’s SBA lending scene. America First FCU funded 16 loans totaling $15.8 million, while JPMorgan Chase Bank funded 17 loans with a loan volume of $3.4 million. These banks are ideal for small business owners seeking moderate-sized loans from established lenders.
For businesses looking for smaller loans, institutions like Citizens Bank, First Savings Bank, and Mortgage Capital Development Corporation provide various options. Their focus on smaller loan amounts makes them suitable for startups and small businesses needing accessible financing.
Why Choose GoSBA Loans for SBA Loans in Nevada?
Partnering with GoSBA Loans provides applicants with access to a wide array of SBA lenders in Nevada. We help match you with the lender that suits your business needs, taking into account loan amounts, approval criteria, and loan terms. By working with us, you’ll gain access to a network of lenders, ensuring that your application reaches the right banks at the right time, ultimately increasing your likelihood of success.
Benefits of SBA Loans for Nevada Small Businesses
Whether you’re a new startup or an established small business, securing an SBA loan can help you expand operations, purchase equipment, or boost working capital. Nevada’s diverse economic base and thriving entrepreneurial ecosystem provide a unique opportunity for small business owners to succeed, and we’re here to help you every step of the way.
Ready to Apply for an SBA Loan in Nevada?
If you’re ready to find the best SBA lenders in Nevada, contact us today to begin your journey. Our team at GoSBA Loans is committed to helping your small business secure the financing it needs to grow and thrive in 2024 and beyond.
