NexBank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by NexBank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 812112 | Beauty Salons | 3 | $383K | $128K | 3.7% |
| 812310 | Coin-Operated Laundries and Drycleaners | 3 | $854K | $285K | 3.7% |
| 621310 | Offices of Chiropractors | 3 | $359K | $120K | 3.7% |
| 624410 | Child Care Services | 3 | $807K | $269K | 3.7% |
| 713940 | Fitness and Recreational Sports Centers | 3 | $2.5M | $836K | 3.7% |
| 561730 | Landscaping Services | 2 | $293K | $146K | 2.4% |
| 339950 | Sign Manufacturing | 2 | $278K | $139K | 2.4% |
| 236118 | Residential Remodelers | 2 | $206K | $103K | 2.4% |
| 811192 | Car Washes | 2 | $4.2M | $2.1M | 2.4% |
| 524210 | Insurance Agencies and Brokerages | 2 | $423K | $211K | 2.4% |
Geographic Distribution
SBA lending activity for NexBank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Texas (TX) | 81 | $41.6M | 98.8% |
| Arizona (AZ) | 1 | $2.4M | 1.2% |
Why Choose NexBank?
Based on SBA 7(a) lending track record from 1999-2019
- ✓Proven Track Record: 82 SBA loans approved, totaling $44.0M in financing
- ✓Industry Expertise: Specialized focus on Beauty Salons, Coin-Operated Laundries and Drycleaners, Offices of Chiropractors
- ✓Competitive Terms: Average interest rate of 5.83% with flexible term lengths averaging 135 months
- ✓Loan Range: Loan sizes from $32K to $4.2M, with an average of $537K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TX, AZ
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 NexBank SBA lending
What types of businesses does NexBank typically finance?
NexBank specializes in SBA 7(a) lending to specific industries including beauty salons, coin-operated laundries and drycleaners, offices of chiropractors, child care services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are NexBank's typical SBA loan terms?
NexBank's SBA 7(a) loans typically feature an average interest rate of 5.83% and average term length of 135 months (approximately 11 years). Loan sizes range from $32K to $4.2M, with an average loan size of $537K.
Do I need a business valuation for a NexBank SBA loan?
Yes, NexBank 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 NexBank compare to other SBA lenders?
NexBank has originated 82 SBA loans totaling $44.0M since 1999. 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 NexBank lend in?
NexBank provides SBA 7(a) financing with particularly strong presence in TX, AZ. 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.