Best SBA Lenders in Sparks, NV (2026)
2025 FOIA data: top lenders, rates & industries for Sparks SBA loans
SBA Loans in Sparks, Nevada
Looking for an SBA loan in Sparks, Nevada? Based on 2025 FOIA data, 41 SBA 7(a) loans were funded in Sparks totaling $19.1M, supporting an estimated 292 jobs. With 20 active lenders competing for business in the Sparks market, comparing offers is essential to getting the best rate and terms.
The average SBA loan in Sparks is $466K at an average rate of 10.13%. The top lender in Sparks is Open Bank, with the most-funded industry being Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip. See all Nevada SBA lenders for statewide rankings.
SBA Loans in Sparks by Business Type
Whether you’re starting a new business in Sparks, buying an existing one, or expanding your current operation, here’s how SBA lending breaks down in your market:
Startups represent 19% of SBA loans in Sparks (11 loans funded in 2025), which tells you how comfortable local lenders are funding new ventures without established operating history. Business acquisitions account for 6% (3 loans) — if you’re looking to buy a business in Sparks, this is a proven use case for SBA financing. Existing businesses make up 46% and typically receive the most favorable terms.
Top SBA Lenders in Sparks, NV (2025 Data)
The table below ranks every SBA 7(a) lender that funded loans to Sparks businesses in 2025, ordered by total dollar volume. This data comes directly from SBA FOIA records:
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Open Bank | $2.9M | 2 | 8.62% |
| 2 | East West Bank | $2.5M | 1 | 8.25% |
| 3 | Bank of America, National Association | $2.0M | 2 | 6.34% |
| 4 | Wells Fargo Bank National Association | $1.8M | 1 | 7.8% |
| 5 | Plumas Bank | $1.6M | 3 | 8.25% |
| 6 | Mountain America FCU | $1.5M | 2 | 10.55% |
| 7 | The Huntington National Bank | $1.4M | 8 | 10.19% |
| 8 | United Midwest Savings Bank National Association | $1.1M | 1 | 10.25% |
| 9 | Northeast Bank | $1.1M | 5 | 11.05% |
| 10 | America First FCU | $1.0M | 1 | 7.25% |
The top lenders in Sparks have direct experience with local businesses and understand the Sparks market — commercial real estate values, local industry dynamics, and regional economic conditions. Pay attention to the “Avg Rate” column, as rates vary significantly between lenders. A 0.5-1.0% rate difference on a $500K loan translates to $15,000-$30,000 in savings over the life of the loan.
Don’t limit your search to banks listed above — many national SBA lenders also fund loans in Sparks and may offer better rates. An SBA loan broker like GoSBA gives you access to both local and national lenders with one application.
Get Matched with the Best SBA Lender in Sparks
One 5-minute application. 20+ lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in Sparks
These are the industries that received the most SBA 7(a) funding in Sparks in 2025. If your business is in one of these sectors, lenders are already familiar with your business model and may offer faster approvals:
| Industry | Loans | Volume |
|---|---|---|
| Electrical Apparatus and Equipment, Wiring Supplies, and Related Equip | 1 | $1.8M |
| Custom Computer Programming Services | 1 | $1.8M |
| General Freight Trucking, Local | 1 | $1.5M |
| General Automotive Repair | 2 | $1.5M |
| Pet Care (except Veterinary) Services | 1 | $1.0M |
| Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $692K |
| Site Preparation Contractors | 1 | $546K |
| Other Services to Buildings and Dwellings | 1 | $500K |
| Snack and Nonalcoholic Beverage Bars | 2 | $430K |
| Interior Design Services | 1 | $418K |
Lenders with experience funding your specific industry in Sparks understand the local competitive landscape, typical revenue ranges, and seasonal patterns. This familiarity often translates to faster underwriting and more competitive terms. If your industry doesn’t appear above, SBA loans are available for nearly every legal business type — an SBA broker can match you with lenders who specialize in your sector.
How to Get an SBA Loan in Sparks
Option 1: Apply directly to one of the top Sparks lenders listed above. You’ll receive a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple Sparks-active lenders and national SBA lenders simultaneously. More offers means better rates, faster approvals, and zero cost to you — lenders pay the broker fee.
Frequently Asked Questions
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Data from SBA 7(a) FOIA records, Calendar Year 2025. Visit sba.gov for official info.
