Bank of America Nevada
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of America Nevada · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|
Geographic Distribution
SBA lending activity for Bank of America Nevada by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Nevada (NV) | 42 | $6.7M | 46.7% |
| Arizona (AZ) | 11 | $2.7M | 12.2% |
| California (CA) | 8 | $2.1M | 8.9% |
| Texas (TX) | 10 | $1.6M | 11.1% |
| Idaho (ID) | 5 | $1.5M | 5.6% |
| Oregon (OR) | 9 | $912K | 10.0% |
| New Mexico (NM) | 2 | $250K | 2.2% |
| New York (NY) | 1 | $120K | 1.1% |
| Illinois (IL) | 1 | $75K | 1.1% |
| Maryland (MD) | 1 | $50K | 1.1% |
Why Choose Bank of America Nevada?
Based on SBA 7(a) lending track record from 1991-1998
- ✓Proven Track Record: 90 SBA loans approved, totaling $15.9M in financing
- ✓Industry Expertise: Specialized focus on
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 115 months
- ✓Loan Range: Loan sizes from $15K to $883K, with an average of $176K
- ✓Nationwide Reach: Active lending in 10 states, with strong presence in NV, AZ, TX
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Bank of America Nevada SBA lending
What types of businesses does Bank of America Nevada typically finance?
Bank of America Nevada specializes in SBA 7(a) lending to specific industries including . They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of America Nevada's typical SBA loan terms?
Bank of America Nevada's SBA 7(a) loans typically feature an average interest rate of — and average term length of 115 months (approximately 10 years). Loan sizes range from $15K to $883K, with an average loan size of $176K.
Do I need a business valuation for a Bank of America Nevada SBA loan?
Yes, Bank of America Nevada typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Bank of America Nevada compare to other SBA lenders?
Bank of America Nevada has originated 90 SBA loans totaling $15.9M since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Bank of America Nevada lend in?
Bank of America Nevada provides SBA 7(a) financing with particularly strong presence in NV, AZ, TX, OR, CA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
Get your certified valuation from Fair Market Value.