SBA loans in Nevada: who lends, what gets bought, how it performs
Since FY2018, SBA lenders have approved 388 7(a) loans to buy an existing business in Nevada, totaling $429M. The median loan was $699,500, 8% higher than the $645,250 national median for SBA-financed acquisitions. Volume rose 27% from FY2024 to FY2026.
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SBA lenders in Nevada
The lenders that made the most SBA 7(a) acquisition loans in Nevada, FY2018 to FY2026.
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 47 | 12.1% | $64.1M | |
| 2 | Plumas Bank | 34 | 8.8% | $22.2M | |
| 3 | Zions Bancorporation, National Association | 22 | 5.7% | $24.5M | |
| 4 | Western Alliance Bank | 16 | 4.1% | $21.8M | |
| 5 | America First Federal Credit Union | 16 | 4.1% | $8.2M | |
| 6 | First Internet Bank of Indiana | 14 | 3.6% | $19.5M | |
| 7 | Stearns Bank National Association | 9 | 2.3% | $3.5M | |
| 8 | T Bank, National Association | 8 | 2.1% | $17.1M | |
| 9 | Pathward National Association | 8 | 2.1% | $13.4M | |
| 10 | Wells Fargo Bank National Association | 8 | 2.1% | $5.5M |
What this tells a buyer
- Deal size band. Half of Nevada acquisition loans fell between $323,000 and $1,401,500. The nationwide band is $283,000 to $1,465,000.
- Share of national volume. Nevada accounts for 0.8% of all SBA acquisition loans and ranks number 34 of 54 states and territories by count.
- Industry concentration. Limited-Service Restaurants is the most financed business type here (28 loans, 7% of the state). The top three industries together are 15%.
- Lender concentration. Live Oak Banking Company made 12% of the state's acquisition loans. No single lender dominates, so there are several lenders with local acquisition experience.
- Franchise resales. 22% of acquisition loans in Nevada involved a franchised brand; the most frequent is Supercuts (5 loans).
Nevada acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 26 | $23.9M | $553,000 | |
| FY2019 | 42 | $34.4M | $520,000 | |
| FY2020 | 24 | $32M | $750,050 | |
| FY2021 | 62 | $71.3M | $667,900 | |
| FY2022 | 37 | $41.3M | $823,200 | |
| FY2023 | 53 | $62.5M | $802,000 | |
| FY2024 | 41 | $38.7M | $500,000 | |
| FY2025 | 51 | $56.8M | $815,000 | |
| FY2026 | 52 | $68.1M | $777,000 |
How often do these acquisition loans fail?
Of the 154 Nevada acquisition loans approved from FY2018 to FY2021 (the seasoned cohort, every loan at least about five years old), 3 have been charged off by the SBA, a rate of 1.9% by loan count and 0.8% by dollars. 99 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 Nevada is 45% 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.
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Top industries in Nevada
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Limited-Service Restaurants | 28 | 7.2% | $15.3M | |
| 2 | General Automotive Repair | 17 | 4.4% | $9M | |
| 3 | Insurance Agencies and Brokerages | 12 | 3.1% | $13.3M | |
| 4 | Janitorial Services | 12 | 3.1% | $6.1M | |
| 5 | Full-Service Restaurants | 10 | 2.6% | $12.1M | |
| 6 | Landscaping Services | 10 | 2.6% | $7.2M | |
| 7 | Home Health Care Services | 9 | 2.3% | $4.2M | |
| 8 | Hotels (except Casino Hotels) and Motels | 8 | 2.1% | $23.4M | |
| 9 | All Other Miscellaneous Retailers | 8 | 2.1% | $7.3M | |
| 10 | Beauty Salons | 8 | 2.1% | $3M |
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Franchise brands bought in Nevada
| # | Franchise | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Supercuts | 5 | 1.3% | $2.4M | |
| 2 | Big O Tires | 3 | 0.8% | $4.6M | |
| 3 | Meineke Car Care Center | 3 | 0.8% | $596K | |
| 4 | Super 8 | 2 | 0.5% | $5.5M | |
| 5 | Firehouse Subs | 2 | 0.5% | $2.7M | |
| 6 | Wetzel's Pretzels | 2 | 0.5% | $2.6M | |
| 7 | Jimmy John's | 2 | 0.5% | $1.7M | |
| 8 | Visiting Angels | 2 | 0.5% | $1.4M | |
| 9 | Senior Helpers | 2 | 0.5% | $1.2M | |
| 10 | The UPS Store | 2 | 0.5% | $465K | |
| 11 | Merry Maids | 2 | 0.5% | $358K | |
| 12 | Subway | 2 | 0.5% | $157K | |
| 13 | La Quinta | 1 | 0.3% | $5M | |
| 14 | Maaco | 1 | 0.3% | $5M | |
| 15 | Bee Hive Homes | 1 | 0.3% | $3.7M |
Acquisitions by industry in Nevada
The 6 industries with the most acquisition loans in Nevada (minimum ten). Charge-off rates appear where at least 20 loans are old enough to measure.
| Industry | Loans | Median loan | Charge-off |
|---|---|---|---|
| Limited-Service Restaurants | 28 | $457,000 | n/a |
| General Automotive Repair | 17 | $327,800 | n/a |
| Janitorial Services | 12 | $265,500 | n/a |
| Insurance Agencies and Brokerages | 12 | $991,200 | n/a |
| Landscaping Services | 10 | $358,200 | n/a |
| Full-Service Restaurants | 10 | $828,000 | n/a |
Questions buyers ask
How much do buyers borrow to buy a business in Nevada?
The median SBA 7(a) acquisition loan in Nevada was $699,500 across 388 loans (FY2018 to FY2026), 8% higher than the $645,250 national median. The middle half of loans ran from $323,000 to $1,401,500. 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 Nevada?
Live Oak Banking Company (47), Plumas Bank (34), Zions Bancorporation, National Association (22), Western Alliance Bank (16), America First Federal Credit Union (16). Live Oak Banking Company alone accounts for 12% of Nevada acquisition loans. See each lender page for industries and states served.
What kinds of businesses are bought with SBA loans in Nevada?
Limited-Service Restaurants (28), General Automotive Repair (17), Insurance Agencies and Brokerages (12), Janitorial Services (12), Full-Service Restaurants (10). The top three industries make up 15% of the state's acquisition loans.
How often do SBA acquisition loans fail in Nevada?
In the seasoned cohort (FY2018 to FY2021), among 154 Nevada acquisition loans: 1.9% charged off, 45% lower than the 3.5% national acquisition average.
How does Nevada compare with other states?
Nevada ranks number 34 of 54 states and territories by acquisition loan count, with 0.8% of national volume (388 of 48,902 loans) and $429M approved. Browse the full state ranking.
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Related
- Limited-Service Restaurants nationally
- General Automotive Repair nationally
- Insurance Agencies and Brokerages nationally
- Live Oak Banking Company
- Plumas Bank
- Zions Bancorporation, National Association
- All states
- Buyer's guide to the data
State is the project state recorded by the lender (where the acquired business operates), not the borrower's mailing state.