SBA loans by state
SBA loans in Nevada: 614 approvals in FY 2026, median $202,500
Only 1% of the loans came from lenders based in Nevada. Business purchases were rare, 9% of loans.
Independent site, not a lender and not affiliated with the U.S. Small Business Administration. Loans are applied for only with an SBA lender.
Your loan against approvals in your state
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Nevada: 7(a) loans approved last year
614
| Your rate vs. last year’s loans of this size, all states | about the median for this size |
| Nevada: median rate at approval, $50,001 to $250,000 | 9.75% |
| Nevada: median 7(a) loan last year | $202,500 |
| Payment over 10 years, SBA fee added to the loan | $2,743/mo |
Last year’s loans: the 7(a) loans SBA approved from October 1, 2025 to September 30, 2026 (fiscal year 2026), in SBA’s public loan file of September 30, 2026. Rates at approval were set when prime was 6.75% or 7.00%; today: prime rate 7.00% on November 2, 2026. Your rate is compared on its margin over prime, so the change in prime since last year does not count against you.
Nevada, FY 2026: 614 SBA 7(a) approvals for $352.4 million (28th of the 50 states and DC, SBA file of September 30, 2026). Only 1% of the loans came from lenders based in Nevada. Business purchases were rare, 9% of loans. Clark County had 72% of the state’s loans. The state used 504 loans heavily: 100 approvals for $124.7 million. Credit unions made 6% of loans. The state stood out for loans to offices of all other miscellaneous health practitioners. Start-ups took only 15% of approvals. Mid-size loans were priced at a median of 9.75%, above the national 9.75%. Businesses under two years old took 18% of loans. Few approvals were cancelled, 12%. A few large loans pushed the average to $573,975. Today’s cap on a $203,000 variable loan: 13.00%.
Fee notices read and loan file counted by Radif Partners · Editorial policy · Method and sources
| Lender | FY 2026 loans | Median loan | Median variable rate | Lender’s home state |
|---|---|---|---|---|
| Zions Bancorporation | 106 | $100,000 | 8.50% | Utah |
| U.S. Bank | 104 | $50,000 | 10.74% | Ohio |
| Newtek Bank | 63 | $150,000 | 9.75% | Florida |
| Live Oak Banking | 32 | $300,000 | 9.87% | North Carolina |
| Northeast Bank | 25 | $150,000 | 10.00% | Maine |
Almost no in-state SBA lending
Home-state lenders made just 1% of Nevada’s loans, 2nd lowest among the 50 states and DC. A borrower here usually ends up with Zions Bancorporation and U.S. Bank, dealing by phone and online rather than at a branch.
Acquisitions are rare
Only 9% of Nevada’s loans financed the purchase of a business, 7th lowest among the 50 states and DC. Expansion and working capital for current owners made up the bulk.
Lending centers on Clark County
Clark County alone had 445 approvals, 72% of the state’s total, ahead of Washoe County (98) and Douglas County (19).
504 loans are well used
100 504 loans for $124.7 million were approved for Nevada projects, 16.3 for every 100 7(a) loans against 10.8 nationally, with a median debenture of $871,500. The busiest certified development companies were Nevada State Development Corporation (41), California Statewide Certified Development Corporation (28) and The Mortgage Capital Development Corporation (24).
| Loan size | Loans | Median variable rate, FY 2026 | SBA maximum today |
|---|---|---|---|
| $50,000 or less | 148 | 11.50% | 13.50% |
| $50,001 to $250,000 | 188 | 9.75% | 13.00% |
| $250,001 to $350,000 | 69 | 9.75% | 11.50% |
| over $350,000 | 209 | 8.75% | 10.00% |
Credit unions take part
Credit unions made 6% of Nevada’s SBA loans, against 3% nationally. A member business can ask its credit union first; the SBA rules and caps are the same.
More common here than nationally: offices of all other miscellaneous health practitioners
15 Nevada loans went to offices of all other miscellaneous health practitioners, 2.5 times the national share for that trade. The most frequent trades overall were full-service restaurants, snack and nonalcoholic beverage bars and offices of all other miscellaneous health practitioners. A practice or agency is bought for its client base, so these loans are mostly changes of ownership under SBA’s rules for buying a business, with few hard assets behind them.
Few start-ups
Businesses not yet open took 15% of Nevada’s approvals, against 16% nationwide; established firms over two years old took 58%. A going concern is judged on its tax returns and cash flow and skips the 10% start-up equity rule.
Mid-size loans priced above average
On loans of $50,001 to $250,000, the median variable rate in Nevada was 9.75%, against 9.75% nationally, for the same cap and the same prime. The gap comes from the lenders active in the state, listed in the table above.
Counties with the most approvals: Clark (445), Washoe (98) and Douglas (19). Trades: full-service restaurants (44), snack and nonalcoholic beverage bars (17), offices of all other miscellaneous health practitioners (15), fitness and recreational sports centers (14) and limited-service restaurants (13).
All states compared.