GoSBA’s Top Nebraska SBA Lenders in 2024
Introduction to Nebraska SBA Loans
Nebraska is known for its rich agricultural economy and thriving small business community. With a population of 1.96 million people, Nebraska has consistently fostered an environment that supports entrepreneurial endeavors. From Omaha to Lincoln, small businesses are key drivers of economic growth, providing essential goods, services, and jobs throughout the state. According to the U.S. Small Business Administration Office of Advocacy, Nebraska is home to 176,000 small businesses, which employ nearly half a million people.
For aspiring business owners in Nebraska, securing financing is a crucial step. One of the most attractive options is an SBA loan, which offers favorable terms for small businesses. To help entrepreneurs find the right lender, GoSBA Loans has compiled a ranking of the top SBA lenders in Nebraska in 2024, based on loans funded and loan volume.
Omaha: A Great City for Starting a Business
Omaha stands out as an ideal city for small business owners in Nebraska. Known for its affordability and supportive community, Omaha provides a great base for entrepreneurs looking to grow their business. In addition to affordable living costs, Omaha boasts a strong talent pool, making it a great place for both startups and established businesses. Many successful businesses have flourished in Omaha, benefitting from the city’s business-friendly policies and access to funding.
Challenges in Securing SBA Loans in Nebraska
While Nebraska is a great place to start a business, accessing affordable financing can be challenging. In FY 2023, SBA lenders in Nebraska funded 700 small businesses, contributing a total SBA loan volume of $150 million. The top SBA lenders in Nebraska—including First National Bank of Omaha, Pinnacle Bank, and Cornhusker Bank—have collectively funded hundreds of businesses, helping them expand their operations, hire employees, and invest in growth.
However, selecting the right lender for your business is critical. Different lenders offer different loan structures, rates, and terms, which may vary based on the business type, size, and industry. GoSBA Loans is here to help you make informed choices by providing a comprehensive overview of the best SBA lenders in Nebraska.
Finding the Best Nebraska SBA Lenders
Here at GoSBA Loans, we understand the importance of finding the most suitable financing for your business needs. Whether you are looking to purchase equipment, refinance high-interest loans, acquire commercial property, or secure working capital, our goal is to simplify the SBA lending process. Our mission is to connect small businesses in Nebraska with the best lenders, ensuring faster approval and favorable loan terms.
Overview of Nebraska SBA Loans in 2024
In 2024, Nebraska’s SBA loan providers have funded 700 businesses with a total loan volume of $150 million. This significant funding has had a positive impact on small businesses across the state, encouraging growth, job creation, and innovation.
Analyzing the Top Nebraska SBA Lenders by Loan Volume and Loan Units Funded
First National Bank of Omaha emerges as one of the top SBA lenders in Nebraska by loan volume, funding $17.7 million across 62 loans. Pinnacle Bank follows with $6.4 million funded across 9 loans. The Hershey State Bank also stands out with $6.4 million funded across 6 loans, showcasing its strong commitment to supporting small businesses in the state.
Cornhusker Bank funded $1.9 million across 5 loans, while Wells Fargo Bank funded $2.9 million across 7 loans, highlighting their contributions to Nebraska’s small business ecosystem. The diversity of lenders—ranging from national institutions to smaller local banks—gives business owners a range of options, allowing them to choose the best lender based on their specific needs.
GoSBA’s Official Ranking: Best Nebraska SBA Lenders in 2024
Below, we present GoSBA’s official ranking of the best Nebraska SBA lenders in 2024:
| Bank Name | Amount Funded | Loans Funded | Average Interest Rate |
| First National Bank of Omaha | $17,677,800 | 62 | 8.59% |
| Pinnacle Bank | $6,441,000 | 9 | 8.56% |
| The Hershey State Bank | $6,421,200 | 6 | 9.00% |
| Celtic Bank Corporation | $5,856,000 | 5 | 11.10% |
| First State Bank Nebraska | $5,668,700 | 16 | 9.31% |
| Wells Fargo Bank | $2,943,000 | 7 | 11.70% |
| American National Bank | $2,120,000 | 7 | 10.00% |
| Cornhusker Bank | $1,906,000 | 5 | 8.00% |
| Midwest Bank | $1,540,000 | 3 | 8.00% |
| The Huntington National Bank | $1,479,000 | 8 | 11.06% |
| NebraskaLand Bank | $800,000 | 1 | 8.00% |
| State Bank of Table Rock | $760,000 | 4 | 8.00% |
| Platte Valley Bank | $418,800 | 2 | 9.45% |
| Western Nebraska Bank | $440,000 | 3 | 10.00% |
| Nebraska Bank of Commerce | $350,000 | 1 | 9.00% |
| Cornerstone Bank | $360,000 | 1 | 10.00% |
| United Republic Bank | $1,665,800 | 1 | 8.00% |
| BayFirst National Bank | $1,625,200 | 13 | 13.25% |
| United Community Bank | $1,600,000 | 1 | 10.00% |
| Access Bank | $1,039,000 | 2 | 9.00% |
| Stearns Bank National Association | $1,038,900 | 2 | 11.50% |
| LendingClub Bank, National Association | $990,000 | 1 | 11.25% |
| Byline Bank | $970,000 | 2 | 10.88% |
| First Business Bank | $943,000 | 1 | 11.00% |
| United Midwest Savings Bank, National Association | $820,000 | 4 | 11.25% |
| Centris FCU | $792,000 | 3 | 10.00% |
| First Bank & Trust | $781,500 | 2 | 10.03% |
| City Bank & Trust Co. | $780,000 | 1 | 8.00% |
| State Bank of Table Rock | $760,000 | 4 | 8.00% |
| Citizens Bank | $658,000 | 1 | 11.25% |
| Great Plains State Bank | $650,000 | 1 | 9.00% |
| Frontier Bank | $600,000 | 2 | 8.00% |
| Gulf Coast Bank and Trust Company | $587,000 | 1 | 11.00% |
| BankFirst | $586,000 | 1 | 8.00% |
| The First National Bank in Sioux Falls | $500,000 | 1 | 8.25% |
| Custer Federal State Bank | $400,000 | 1 | 9.00% |
| Kendall Bank | $375,300 | 1 | 11.00% |
| CDC Small Business Finance Corporation | $350,000 | 1 | 13.00% |
| Colony Bank | $300,000 | 2 | 11.50% |
| JPMorgan Chase Bank, National Association | $300,000 | 2 | 13.83% |
Find the Right SBA Lender in Nebraska for Your Business
Whether you’re a startup or an established business, securing the right financing is crucial for your success. The lenders listed above offer a variety of SBA loan options tailored to meet the diverse needs of Nebraska’s business community. Partnering with GoSBA Loans ensures that your application is directed to the lenders most likely to approve your funding, helping you get the financial support you need.
Apply for an SBA Loan Today
Apply today to connect with the best SBA lenders in Nebraska and secure the funding your business needs to thrive. The process is simple, and GoSBA Loans will help match you with the right lender based on your specific business requirements.
Why Choose GoSBA Loans?
GoSBA Loans is committed to simplifying the SBA loan application process for businesses in Nebraska. By partnering with us, you gain access to a network of top lenders that have demonstrated a strong commitment to supporting small businesses. Whether you need competitive interest rates, a streamlined approval process, or flexible loan terms, GoSBA Loans is here to help you find the best SBA lender in Nebraska.
Conclusion
Securing an SBA loan can unlock immense growth opportunities for your business. With the right lender, you can access the capital needed to expand operations, hire staff, and innovate. The Nebraska SBA lenders listed above have a proven track record of supporting the small business community, making them the best options for entrepreneurs in the state. Let GoSBA Loans assist you in finding the ideal SBA lender in Nebraska for your business today.
