Best Nevada SBA Lenders & Rates (2026)
2025 FOIA data: top lenders, rates, industries & loan types in Nevada
SBA Loans in Nevada
Nevada businesses received $397.3M in SBA 7(a) loan approvals across 880 businesses in 2025, supporting 9,429 jobs. With 92 active SBA lenders competing for business in Nevada, comparing offers is essential — rates vary significantly by lender.
The average SBA loan in Nevada is $452K at 10.4%, which is 0.08% above the national average of 10.32%. The top lender in Nevada is Newtek Bank, National Association, with the most-funded industry being Full-Service Restaurants.
SBA Loans in Nevada by Business Type
Whether you’re starting a business, buying one, or expanding an existing operation in Nevada, here’s how SBA lending breaks down:
Startups represent 10% of Nevada SBA loans (96 loans totaling $38.1M). Business acquisitions (change of ownership) account for 16% (60 loans, $62.8M). Existing businesses make up the largest share at 60% (535 loans). If you’re buying a business in Nevada, acquisitions are a well-established use case for SBA 7(a) loans.
Nevada vs. National Average
How does Nevada’s SBA lending market compare to the national average in 2025?
Nevada10.4%
National Avg10.32%
Nevada’s avg rate is 0.08% higher than the national average
Nevada$452K
National Avg$478K
Nevada’s avg loan is 0.9x the national average
A rate higher than the national average of 10.32% is significant context for Nevada borrowers. Individual rates depend on your credit profile, deal structure, loan size, and the specific lender you work with — which is why comparing multiple offers from different banks is consistently the best strategy to get the lowest possible rate on your SBA loan.
Top SBA Lenders in Nevada (2025 Data)
The table below ranks every SBA 7(a) lender active in Nevada in 2025 by total dollar volume approved. This data comes directly from SBA FOIA records and represents actual funded loans — not pre-qualifications or applications received.
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Newtek Bank, National Association | $26.6M | 61 | 11.27% |
| 2 | Zions Bank, A Division of | $26.4M | 107 | 9.74% |
| 3 | Wells Fargo Bank National Association | $23.8M | 51 | 11.58% |
| 4 | Live Oak Banking Company | $23.7M | 19 | 9.53% |
| 5 | America First FCU | $23.6M | 24 | 7.98% |
| 6 | U.S. Bank, National Association | $19.2M | 132 | 10.32% |
| 7 | First Internet Bank of Indiana | $17.0M | 14 | 10.16% |
| 8 | Northeast Bank | $15.6M | 103 | 10.89% |
| 9 | Western Alliance Bank | $14.5M | 11 | 8.89% |
| 10 | Open Bank | $11.8M | 5 | 8.9% |
| 11 | Bank of America, National Association | $10.8M | 16 | 7.48% |
| 12 | Readycap Lending, LLC | $10.7M | 33 | 12.43% |
| 13 | Byline Bank | $9.1M | 6 | 9.75% |
| 14 | T Bank, National Association | $8.1M | 4 | 9.56% |
| 15 | Icon Business Bank | $6.8M | 3 | 9.58% |
Pay close attention to the “Avg Rate” column — rates vary significantly between lenders operating in the same state. The spread between the lowest and highest rate in this table can represent tens of thousands of dollars over the life of your loan. The top lenders in Nevada have funded the most deals locally, meaning their loan officers understand Nevada’s commercial real estate values, industry mix, and economic conditions. This familiarity typically translates into faster underwriting and more competitive terms.
However, don’t limit your search to local banks alone. Many of the top national SBA lenders fund loans across all 50 states and may offer better rates or more experience with your specific industry. An SBA loan broker like GoSBA gives you access to both Nevada-based lenders and national lenders with a single application — ensuring you get the most competitive offer available.
Get Matched with the Best SBA Lender in Nevada
One 5-minute application. 92 lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Nevada
SBA lending in Nevada reflects the state’s economic profile and business formation trends. The table below shows which industries received the most SBA 7(a) funding in Nevada in 2025, ranked by total dollar volume:
| Industry | Loans | Volume |
|---|---|---|
| Full-Service Restaurants | 44 | $21.1M |
| Hotels (except Casino Hotels) and Motels | 9 | $16.4M |
| Limited-Service Restaurants | 38 | $9.7M |
| Other Personal Care Services | 22 | $9.4M |
| Drinking Places (Alcoholic Beverages) | 10 | $9.2M |
| All Other Specialty Trade Contractors | 13 | $8.5M |
| General Automotive Repair | 19 | $8.3M |
| Insurance Agencies and Brokerages | 9 | $8.0M |
| Child Day Care Services | 8 | $7.8M |
| Offices of Dentists | 3 | $7.3M |
| Electrical Contractors | 21 | $7.0M |
| Landscaping Services | 12 | $6.6M |
| Snack and Nonalcoholic Beverage Bars | 10 | $6.4M |
| Plumbing, Heating, and Air-Conditioning Contractors | 23 | $6.1M |
| Site Preparation Contractors | 6 | $5.9M |
If your business operates in one of Nevada’s top-funded industries, you’re in a strong position. Lenders who have funded dozens of similar businesses in your state understand the unit economics, seasonal revenue patterns, and typical margins for your sector. This familiarity translates into faster approvals, less documentation back-and-forth, and more accurate risk pricing — which typically means better terms for the borrower.
Even if your industry isn’t listed above, SBA 7(a) loans are available for nearly every legal business type. An SBA loan broker can identify which lenders have the most experience with your specific industry.
Top Cities for SBA Loans in Nevada
SBA lending activity within Nevada is concentrated in major metropolitan areas, but businesses in smaller cities and towns also receive significant funding. The table below shows where in Nevada the most SBA 7(a) loans were funded in 2025:
| City | Loans | Volume |
|---|---|---|
| Las Vegas | 470 | $210.6M |
| Henderson | 123 | $54.9M |
| Reno | 98 | $44.9M |
| Sparks | 41 | $19.1M |
| North Las Vegas | 42 | $18.1M |
| Carson City | 17 | $9.5M |
| Fernley | 7 | $6.7M |
| Gardnerville | 8 | $4.1M |
| Stateline | 1 | $3.8M |
| Cason City | 1 | $3.7M |
How to Get an SBA Loan in Nevada
Option 1: Apply directly to one of the top Nevada lenders above. You’ll get a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Nevada-active lenders simultaneously, creating competition for your deal. Better rates, faster approvals — at no cost to you.
Frequently Asked Questions
How many SBA loans were funded in Nevada in 2025?
What is the average SBA loan interest rate in Nevada?
Can I get an SBA loan to start a business in Nevada?
Who is the top SBA lender in Nevada?
What industries get the most SBA loans in Nevada?
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Data sourced from official SBA 7(a) FOIA loan approval records for Calendar Year 2025, published by the U.S. Small Business Administration. For official information, visit sba.gov.
