Lexicon Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Lexicon Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621610 | Home Health Care Services | 16 | $12.3M | $768K | 9.1% |
| 722513 | Limited-Service Restaurants | 8 | $4.3M | $535K | 4.5% |
| 811198 | All Other Automotive Repair and Maintenance | 8 | $1.6M | $200K | 4.5% |
| 541820 | Public Relations Agencies | 8 | $200K | $25K | 4.5% |
| 722511 | Full-Service Restaurants | 8 | $800K | $100K | 4.5% |
| 448120 | Women's Clothing Stores | 8 | $1.6M | $200K | 4.5% |
| 711310 | Promoters of Performing Arts, Sports, and Similar Events with Faciliti | 8 | $1.4M | $175K | 4.5% |
| 524210 | Insurance Agencies and Brokerages | 8 | $3.2M | $400K | 4.5% |
| 423840 | Industrial Supplies Merchant Wholesalers | 8 | $800K | $100K | 4.5% |
| 442299 | All Other Home Furnishings Stores | 8 | $1.6M | $200K | 4.5% |
Geographic Distribution
SBA lending activity for Lexicon Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Idaho (ID) | 16 | $42.4M | 9.1% |
| Nevada (NV) | 144 | $41.9M | 81.8% |
| Alaska (AK) | 8 | $10.0M | 4.5% |
| Utah (UT) | 8 | $4.3M | 4.5% |
Why Choose Lexicon Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 176 SBA loans approved, totaling $98.6M in financing
- ✓Industry Expertise: Specialized focus on Home Health Care Services, Limited-Service Restaurants, All Other Automotive Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 6.43% with flexible term lengths averaging 130 months
- ✓Loan Range: Loan sizes from $25K to $4.6M, with an average of $560K
- ✓Nationwide Reach: Active lending in 4 states, with strong presence in NV, ID, AK
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 Lexicon Bank SBA lending
What types of businesses does Lexicon Bank typically finance?
Lexicon Bank specializes in SBA 7(a) lending to specific industries including home health care services, limited-service restaurants, all other automotive repair and maintenance, public relations agencies. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Lexicon Bank's typical SBA loan terms?
Lexicon Bank's SBA 7(a) loans typically feature an average interest rate of 6.43% and average term length of 130 months (approximately 11 years). Loan sizes range from $25K to $4.6M, with an average loan size of $560K.
Do I need a business valuation for a Lexicon Bank SBA loan?
Yes, Lexicon Bank 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 Lexicon Bank compare to other SBA lenders?
Lexicon Bank has originated 176 SBA loans totaling $98.6M 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 Lexicon Bank lend in?
Lexicon Bank provides SBA 7(a) financing with particularly strong presence in NV, ID, AK, UT. 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.
Get your certified valuation from Fair Market Value.