Nevada small business lenders provide access to competitive loans for growing companies.
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Biglaw Investor connects you with small business lenders who can help you expand your business, whether through working capital or via acquisition. A small business loan loan is a great way to grow your business—but it can be hard to know where to start. Our small business lenders offer an experience specially tailored to your goals.
Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best loan for your business needs.
I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP
For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann
Nevada may be known for many things, its desert landscape, Las Vegas, and its beautiful resorts like Lake Tahoe. The state is home to 3.1 million people, many of them enjoying a higher quality of life. The state, which has a strong Spanish and Mexican influence, is known as The Silver State due to the silver mining that once took place here. Nevada is also known for its more lenient laws, which is one of the reasons gambling is so common here. As the driest state and one that’s been impacted by climate change significantly, many find Nevada to be more barren than other areas. Still, it’s home to areas such as the Humboldt National Forest and Great Basin National Park.
The state’s economy is versatile, having a large sector of tourism and services. The area is also recognized for its mining and cattle ranching. Food process, electrical equipment production, and entertainment make up another large portion of the economy here. For those large companies that operate here, including the numerous casinos like the Bellagio and MGM Grand Hotel and Casino, big business is important. Yet, the area is also home to many small businesses. The U.S. Small Business Administration shares that there are 313,257 small businesses in the state that contribute a payroll worth $23,454,826 through over 540,004 jobs. That’s a significant portion of the employment in the state.
It is not uncommon for small business owners to need capital from time to time to help support growth and development. There are various ways to obtain those funds, including through the use of small business loans. Taking a look at the last three years of available data from the Small Business Administration, it’s possible to learn there are 1,561 small business loans active in the state with a value of $1,197,242,123. The average loan size in the state is larger compared to many other regions at $766,971.
As a small business, having access to capital is nearly always necessary for companies, especially those that are hoping to grow and expand. Small business loans in Nevada are available and can often provide a significant amount of benefit to borrowers. These loans come in various forms, including government-backed loans, private lenders, banks, and credit unions. The interest rates charged on them range widely. Generally speaking, though, lenders offer these loans for a set number of years and expect repayment of the borrowed funds along with interest.
Some examples of the types of Nevada small business loans available include:
Small business lenders utilize a great deal of information from the company to determine if they can lend to the owner. Most of the time, lenders want to be sure there’s less risk for the nonpayment of the loan. To get that information, the lender may look at a wide range of details, including the financial documents of the company, profit and loss statements, revenue, and balance sheets. In addition to this, they may wish to see a business plan that outlines the business, the competition, the products and services, and the industry overall. This can help the lender to know if lending to the company is wise.
Each lender sets their own terms and conditions for these loans, which means there is some versatility for borrowers. However, most will offer small business loans in Nevada only to companies that are established (for at least one or two years) as well as those generating revenue. Looking at the company’s credit history or that of the owner may be helpful in determining if lending is a wise decision as well.
For small business owners looking to borrow for growth, hiring, expansion of products or services, or for any other need will find lenders available to provide those funds. Yet, not all lenders are the same, and some stand out in their ability to offer more competitive or flexible rates and terms. As a business owner, it is important to compare several loans and terms as well as lenders themselves before choosing a specific loan.
Whether you need commercial real estate purchases, to expand your non-profit operations, or simply better cash flow for the short term, there are many options out there for you. Look into financing options like grants in your area first. Your local economic development office may be able to tell you more about small business financing outside of loans. The Nevada Small Business Development Center might also be able to help you with proper business resources.
If you can’t qualify for those grants, however, it’s time to look at lenders like financial institutions in the state of Nevada who can help give a leg up to your business. The loan amount, monthly payment, loan applications, and loan options vary from one lender to another. Review your business needs and the terms of each lender before starting your loan application.
| Rank | Bank Name | # of Nevada Loans | Avergage Interest Rate | Average Loan Size |
|---|---|---|---|---|
| 1 | U.S. Bank | 64 | 5.88% | $334,870 |
| 2 | Wells Fargo Bank | 44 | 7.84% | $102,473 |
| 3 | Zions Bank | 41 | 4.97% | $719,498 |
| 4 | Newtek Small Business Finance | 23 | 6.16% | $720,478 |
| 5 | America First Credit Union | 20 | 5.36% | $741,405 |
| 6 | Meadows Bank | 18 | 5.03% | $989,856 |
| 7 | Live Oak Banking Company | 17 | 5.38% | $1,439,353 |
| 8 | Western Alliance Bank | 14 | 5.23% | $1,334,636 |
| 9 | Enterprise Bank & Trust | 12 | 5.27% | $919,183 |
| 10 | Harvest Small Business Finance | 12 | 5.27% | $1,177,717 |
First coming into existence in 1863 as the First National Bank of Cincinnati, U.S. Bank now operates in 26 states across the country. U.S. Bank offers a number of products and services to meet customers’ needs, including small business loans and personal banking solutions, including checking and savings.
We reached out to U.S. Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Wells Fargo Bank was started in 1852 by Henry Wells and William G. Fargo as a bank to help customers build business and manage money. Wells Fargo Bank offers many products through its many branches to meet customers’ needs, including mortgages, wealth management, and personal and small business banking.
We reached out to Wells Fargo Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Zions Bank, headquartered in Salt Lake City, Utah, has been providing banking services since 1873. Now with 122 locations in Utah, Idaho, and Wyoming, Zions Bank is able to meet all customers’ banking needs for personal and business accounts, including small business loans and checking and savings accounts.
We reached out to Zions Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Newtek offers a number of services for businesses to help them to meet their financial needs. Products such as loans, cloud solutions, IT security, payment processing, payroll, and options when it comes to disaster recovery are available to protect and help a business to thrive and grow.
We reached out to Newtek to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Founded in 1939, America First Credit Union brought an option for banking needs to Salt Lake City, Utah. America First Credit Union now offers a number of products and services for its members, including loans, credit cards, savings and checking accounts, and other financial services.
We reached out to America First Credit Union to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Wise business owners recognize the need to make good decisions when it comes to business growth and development. That is not always easy to do, though. That’s because many small business owners start up by simply opening their doors and following their passion. The good news is there’s help available.
The Small Business Administration in Nevada is one of the best resources for many companies. It offers educational programming, articles, and resources on tax planning, business growth, and credit, as well as offers in-person help in the Las Vegas offices.
Another resource to consider is SCORE. This is an organization founded by successful business owners and entrepreneurs who want to help support the new companies being developed or growing. It offers training seminars, local and online workshops, and the ability to connect with a mentor. The best thing of all is that those who become a part of this organization receive this type of hands-on support without any cost to them, making it a solid investment decision for their business.
If you want to find the best small business loans in other states, click on your state below.
Joshua Holt is a lawyer and founder of Biglaw Investor. He spent 10 years practicing private equity mergers & acquisition law for one of the largest law firms in the country. As part of his practice, he advised small and medium sized businesses on matters ranging from business loans to the acquisitions and divestitures of stocks and assets.
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