SBA loans in Las Vegas: who lends, what gets bought
Since FY2018, SBA lenders have approved 232 7(a) loans to buy an existing business in the Las Vegas area, totaling $250M. The median loan was $668,550, in line with the $645,250 national median. The area is Clark County, Nevada, which together make 60% of the state's acquisition loans. Volume rose 17% from FY2024 to FY2026.
- Loans, FY2018-FY2026
- 232
- Median loan
- $668,550 (middle half $309,000 to $1,410,000)
- Top lender
- Live Oak Banking Company (13%, 29 loans)
- Top industry
- Limited-Service Restaurants
- Charge-off, FY2018-FY2021 loans
- 2.4% (all-acquisition: 3.5%)
- FY2026 loans (latest complete year)
- 34 (+13% vs FY2025)
SBA lenders approved 232 7(a) loans to buy a business in the Las Vegas area from FY2018-FY2026, with a median of $668,550 and a middle half of $309,000 to $1,410,000. Live Oak Banking Company made 13% of them. FY2026 had 34 loans, up 13% from FY2025.
Terms signed in the LOI shape the purchase agreement that follows.
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SBA lenders in Las Vegas
The lenders that made the most SBA 7(a) acquisition loans in the Las Vegas area, FY2018 to FY2026. Many lend in more than one state; open a lender page to see where else it lends.
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 29 | 12.5% | $37.4M | |
| 2 | Zions Bancorporation, National Association | 14 | 6.0% | $16M | |
| 3 | America First Federal Credit Union | 14 | 6.0% | $7.8M | |
| 4 | First Internet Bank of Indiana | 10 | 4.3% | $14M | |
| 5 | Western Alliance Bank | 8 | 3.4% | $9.3M | |
| 6 | Byline Bank | 8 | 3.4% | $3.8M | |
| 7 | Stearns Bank National Association | 8 | 3.4% | $3.4M | |
| 8 | T Bank, National Association | 7 | 3.0% | $14.1M | |
| 9 | Wells Fargo Bank National Association | 6 | 2.6% | $3.6M | |
| 10 | CDC Small Business Finance Corp. | 6 | 2.6% | $1M |
What gets bought in Las Vegas
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 20 | 8.6% | $11.9M | |
| 2 | General Automotive Repair | 10 | 4.3% | $3.7M | |
| 3 | Insurance Agencies and Brokerages | 8 | 3.4% | $8.8M | |
| 4 | Landscaping Services | 8 | 3.4% | $4.6M | |
| 5 | Home Health Care Services | 7 | 3.0% | $3M | |
| 6 | Drycleaning and Laundry Services (except Coin-Operated) | 6 | 2.6% | $5.1M | |
| 7 | Beauty Salons | 6 | 2.6% | $2.2M | |
| 8 | Offices of Physicians (except Mental Health Specialists) | 5 | 2.2% | $9.1M | |
| 9 | Full-Service Restaurants | 5 | 2.2% | $6.2M | |
| 10 | Plumbing, Heating, and Air-Conditioning Contractors | 5 | 2.2% | $6M |
Franchise brands bought in Las Vegas
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Supercuts | 4 | 1.7% | $1.7M | |
| 2 | Firehouse Subs | 2 | 0.9% | $2.7M | |
| 3 | Wetzel's Pretzels | 2 | 0.9% | $2.6M | |
| 4 | Jimmy John's | 2 | 0.9% | $1.7M | |
| 5 | The UPS Store | 2 | 0.9% | $465K | |
| 6 | Meineke Car Care Center | 2 | 0.9% | $296K | |
| 7 | Maaco | 1 | 0.4% | $5M | |
| 8 | Bee Hive Homes | 1 | 0.4% | $3.7M | |
| 9 | Nissan North America | 1 | 0.4% | $3.6M | |
| 10 | Quality Inn | 1 | 0.4% | $2M | |
| 11 | Filta Environmental Kitchen Solutions | 1 | 0.4% | $1.9M | |
| 12 | Club Pilates | 1 | 0.4% | $1.6M | |
| 13 | Orange Theory Fitness | 1 | 0.4% | $1.2M | |
| 14 | Dogtopia | 1 | 0.4% | $655K | |
| 15 | Image360 | 1 | 0.4% | $577K |
The purchase agreement decides what you bought, not the loan approval.
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Las Vegas acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 11 | $8.2M | $580,000 | |
| FY2019 | 25 | $19.7M | $632,000 | |
| FY2020 | 14 | $15.8M | $524,500 | |
| FY2021 | 35 | $38.7M | $623,500 | |
| FY2022 | 21 | $20.4M | $676,100 | |
| FY2023 | 33 | $42M | $855,000 | |
| FY2024 | 29 | $21.3M | $465,000 | |
| FY2025 | 30 | $37.9M | $951,750 | |
| FY2026 | 34 | $46.3M | $777,000 |
How often do these acquisition loans fail?
Of the 85 the Las Vegas area acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 2 have been charged off by the SBA, a rate of 2.4% by loan count and 0.8% by dollars. 54 have already been paid in full.
For comparison, the charge-off rate across all SBA 7(a) acquisition loans in the same cohort is 3.5%, so the Las Vegas area is 33% lower than the acquisition-loan average. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
How Las Vegas compares
| Measure | Las Vegas | Nevada, all | All acquisitions |
|---|---|---|---|
| Median loan | $668,550 | $699,500 | $645,250 |
| Middle half of loans | $309,000 to $1,410,000 | $323,000 to $1,401,500 | $283,000 to $1,465,000 |
| Average initial rate | 8.14% | 7.93% | 7.76% |
| Median term | 10 years | 10 years | 10 years |
| Charge-off rate (seasoned loans) | 2.4% | 1.9% | 3.5% |
| Loans in sample | 232 | 388 | 48,902 |
The median for Las Vegas-area acquisition loans is $668,550, in line with the $699,500 median for all Nevada acquisitions and in line with the $645,250 median for all SBA-financed acquisitions nationally.
The middle half runs $309,000 to $1,410,000, against $283,000 to $1,465,000 nationally; the median term is 10 years, the same as the national median; the average initial rate is 8.14%, above the 7.76% national average.
Seasoned loans were charged off at 2.4%, above the 1.9% rate for all Nevada acquisitions and below the 3.5% rate for all acquisition loans.
Loan size distribution
| Loan size | Las Vegas | All acquisitions |
|---|---|---|
| Under $350K | 29% | 30% |
| $350K to under $1M | 36% | 33% |
| $1M to under $2M | 18% | 19% |
| $2M and over | 17% | 17% |
Most Las Vegas-area acquisition loans (65%) were under $1M, and the largest single band is $350K to under $1M at 36%, against 33% of all acquisition loans.
Bands are fixed dollar ranges chosen for comparison. They are not SBA program limits.
Lender concentration
Live Oak Banking Company made 13% of Las Vegas-area acquisition loans, and the top three lenders together made 25%. 30 of the 69 lenders involved made three or more. Repeat experience is spread across many banks. That is a rough guide to how many banks have seen this kind of deal before.
Recent activity
In FY2025 and FY2026 combined, 64 Las Vegas-area acquisition loans were approved. That is 3% more than the 62 approved in FY2023 and FY2024. The median was $915,000, above the $668,550 median across all years.
The purchase agreement decides what you bought, not the loan approval.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
Counties in the Las Vegas area
Loans are assigned to the area by the project county the lender recorded, not the borrower's mailing address. The counties used, with loans in each:
| County | Loans |
|---|---|
| Clark, NV | 232 |
Questions buyers ask
How much do buyers borrow to buy a business in the Las Vegas area?
The median SBA 7(a) acquisition loan in the Las Vegas area was $668,550 across 232 loans (FY2018 to FY2026), in line with the $645,250 national median. The middle half of loans ran from $309,000 to $1,410,000. A loan is not the purchase price: it is net of the buyer's equity injection and usually includes some working capital.
Which banks make the most SBA acquisition loans in Las Vegas?
Live Oak Banking Company (29), Zions Bancorporation, National Association (14), America First Federal Credit Union (14), First Internet Bank of Indiana (10), Western Alliance Bank (8). Live Oak Banking Company accounts for 13% of Las Vegas-area acquisition loans. See each lender page for industries and states served.
What kinds of businesses are bought with SBA loans in Las Vegas?
Limited-Service Restaurants (20), General Automotive Repair (10), Insurance Agencies and Brokerages (8), Landscaping Services (8), Home Health Care Services (7). Industry is the NAICS code the lender recorded.
How often do SBA acquisition loans fail in Las Vegas?
In the seasoned cohort (FY2018 to FY2021), among 85 Las Vegas-area acquisition loans: 2.4% charged off, 33% lower than the 3.5% national acquisition average.
Terms signed in the LOI shape the purchase agreement that follows.
Request Engagement AssessmentAlex Lubyansky leads every engagement.
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Related
- All Nevada acquisitions
- Limited-Service Restaurants nationally
- General Automotive Repair nationally
- Insurance Agencies and Brokerages nationally
- Live Oak Banking Company
- Zions Bancorporation, National Association
- America First Federal Credit Union
- All metro areas
- SBA lenders by state
The metro area is a fixed list of counties chosen for this site, not an official statistical area. State is the project state recorded by the lender.
Cite this data
SBA Acquisition Data, "Las Vegas, NV: SBA acquisition loan data", https://sbaacquisitiondata.com/metro/las-vegas (data as of September 30, 2026). Source: U.S. Small Business Administration 7(a) loan file, data.sba.gov. Aggregated by SBA Acquisition Data.
The figures on this page are also published as JSON at https://sbaacquisitiondata.com/data/metro/las-vegas.json.