Greater Nevada CU
SBA 7(a) Lending Profile · FY 2020 analysis
Industry Focus
Top industries served by Greater Nevada CU
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 623311 | Continuing Care Retirement Communities | 16 | $20.2M | $1.3M | 10.0% |
| 326199 | All Other Plastics Product Manufacturing | 8 | $40.0M | $5.0M | 5.0% |
| 522299 | Other | 8 | $5.6M | $696K | 5.0% |
| 336612 | Boat Building | 8 | $4.0M | $500K | 5.0% |
| 541613 | Marketing Consulting Services | 8 | $1.2M | $150K | 5.0% |
| 441210 | Recreational Vehicle Dealers | 8 | $22.2M | $2.8M | 5.0% |
| 531210 | Offices of Real Estate Agents and Brokers | 8 | $800K | $100K | 5.0% |
| 424910 | Farm Supplies Merchant Wholesalers | 8 | $2.8M | $350K | 5.0% |
| 221118 | Other Electric Power Generation | 8 | $2.8M | $350K | 5.0% |
| 111199 | All Other Grain Farming | 8 | $7.3M | $913K | 5.0% |
Geographic Distribution
SBA lending activity for Greater Nevada CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 16 | $42.8M | 10.0% |
| Georgia (GA) | 8 | $40.0M | 5.0% |
| Illinois (IL) | 8 | $22.2M | 5.0% |
| California (CA) | 16 | $20.2M | 10.0% |
| Hawaii (HI) | 8 | $13.8M | 5.0% |
| Nevada (NV) | 56 | $13.1M | 35.0% |
| Washington (WA) | 8 | $9.8M | 5.0% |
| North Carolina (NC) | 8 | $7.3M | 5.0% |
| Missouri (MO) | 8 | $5.6M | 5.0% |
| Florida (FL) | 8 | $4.0M | 5.0% |
| Colorado (CO) | 8 | $4.0M | 5.0% |
| Texas (TX) | 8 | $2.8M | 5.0% |
Why Choose Greater Nevada CU?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 160 SBA loans approved, totaling $185.6M in financing
- ✓Industry Expertise: Specialized focus on Continuing Care Retirement Communities, All Other Plastics Product Manufacturing, Other
- ✓Competitive Terms: Average interest rate of 6.16% with flexible term lengths averaging 187 months
- ✓Loan Range: Loan sizes from $100K to $5.0M, with an average of $1.2M
- ✓Nationwide Reach: Active lending in 12 states, with strong presence in NV, NM, CA
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 Greater Nevada CU SBA lending
What types of businesses does Greater Nevada CU typically finance?
Greater Nevada CU specializes in SBA 7(a) lending to specific industries including continuing care retirement communities, all other plastics product manufacturing, other, boat building. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Greater Nevada CU's typical SBA loan terms?
Greater Nevada CU's SBA 7(a) loans typically feature an average interest rate of 6.16% and average term length of 187 months (approximately 16 years). Loan sizes range from $100K to $5.0M, with an average loan size of $1.2M.
Do I need a business valuation for a Greater Nevada CU SBA loan?
Yes, Greater Nevada CU 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 Greater Nevada CU compare to other SBA lenders?
Greater Nevada CU has originated 160 SBA loans totaling $185.6M since 2020. 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 Greater Nevada CU lend in?
Greater Nevada CU provides SBA 7(a) financing with particularly strong presence in NV, NM, CA, MO, FL. 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?
Professional valuations are often required for SBA loans over $250,000.
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