County4th of 16 in Nevada by approvalsFIPS 32007
SBA loans in Elko County, Nevada
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 62 loans to businesses in Elko County, Nevada, in FY2021 to FY2025, worth $37.0M: 52 under 7(a) and 10 under 504.
That is 52.3 approvals per 1,000 business establishments (1,185 establishments in 2023), close to the Nevada figure of 48.8 and above the national 41.0.
It ranks 4th of 16 Nevada counties with approvals. In FY2025 there were 11, down 8% on FY2024.
29 lenders had approvals here; the most active were U.S. Bank, National Association (8), Zions Bank, A Division of (6) and Nevada State Development Corporation (5). The most common industry was automotive repair and maintenance.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Elko County
By number of approvals to businesses in the county, FY2021–FY2025; 29 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National AssociationCincinnati, OH | 8 | $660K | 12.9% | |
| 2 | Zions Bank, A Division ofSalt Lake City, UT | 6 | $758K | 9.7% | |
| 3 | Nevada State Development CorporationLas Vegas, NV · CDC | 5 | $2.5M | 8.1% | |
| 4 | Mountain West Small Business FinanceSalt Lake City, UT · CDC | 4 | $6.2M | 6.5% | |
| 5 | America First Federal Credit UnionRiverdale, UT | 4 | $1.4M | 6.5% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $820K | 6.5% | |
| 7 | Enterprise Bank & TrustClayton, MO | 2 | — | 3.2% | |
| 8 | Celtic Bank CorporationSalt Lake City, UT | 2 | — | 3.2% | |
| 9 | US Metro BankGarden Grove, CA | 2 | — | 3.2% | |
| 10 | FinWise BankSandy, UT | 2 | — | 3.2% | |
| 11 | Cache Valley BankLogan, UT | 2 | — | 3.2% | |
| 12 | Mountain America FCUSandy, UT | 2 | — | 3.2% | |
| 13 | Greater Nevada CUCarson City, NV | 2 | — | 3.2% | |
| 14 | Idaho Central CUChubbuck, ID | 2 | — | 3.2% | |
| 15 | Pathward National AssociationSioux Falls, SD | 1 | — | 1.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Automotive Repair and MaintenanceNAICS 8111 | 8 | 12.9% | |
| 2 | Traveler AccommodationNAICS 7211 | 6 | 9.7% | |
| 3 | Services to Buildings and DwellingsNAICS 5617 | 6 | 9.7% | |
| 4 | Lessors of Real EstateNAICS 5311 | 4 | 6.5% | |
| 5 | Offices of DentistsNAICS 6212 | 4 | 6.5% | |
| 6 | Offices of Other Health PractitionersNAICS 6213 | 3 | 4.8% | |
| 7 | Nonresidential Building ConstructionNAICS 2362 | 2 | 3.2% | |
| 8 | Offices of PhysiciansNAICS 6211 | 2 | 3.2% | |
| 9 | Support Activities for MiningNAICS 2131 | 2 | 3.2% | |
| 10 | Business Support ServicesNAICS 5614 | 2 | 3.2% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 10 | 16.1% | |
| 2 | Health Care and Social Assistance | 9 | 14.5% | |
| 3 | Administrative and Support and Waste Management and Remediation Services | 9 | 14.5% | |
| 4 | Construction | 8 | 12.9% | |
| 5 | Accommodation and Food Services | 7 | 11.3% | |
| 6 | Real Estate and Rental and Leasing | 5 | 8.1% | |
| 7 | Mining, Quarrying, and Oil and Gas Extraction | 3 | 4.8% | |
| 8 | Retail Trade | 3 | 4.8% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 3 | $1.6M | $182K | 2 | — | 5 | 38 |
| FY2025 | 10 | $6.0M | $130K | 1 | — | 11 | 107 |
| FY2024 | 7 | $3.9M | $200K | 5 | $4.7M | 12 | 110 |
| FY2023 | 9 | $3.9M | $312K | 1 | — | 10 | 61 |
| FY2022 | 10 | $7.5M | $482K | 2 | — | 12 | 107 |
| FY2021 | 16 | $6.7M | $256K | 1 | — | 17 | 163 |
| FY2020 | 4 | $125K | $32K | 1 | — | 5 | 12 |
| FY2019 | 5 | $4.0M | $150K | 0 | — | 5 | 6 |
| FY2018 | 9 | $8.8M | $700K | 1 | — | 10 | 135 |
| FY2017 | 7 | $5.4M | $100K | 2 | — | 9 | 74 |
| FY2016 | 4 | $1.9M | $298K | 1 | — | 5 | 28 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 34 approvals.
Against Nevada and the country
| FY2021–FY2025 | Elko County | Nevada | United States |
|---|---|---|---|
| Approvals | 62 | 3,774 | 342,825 |
| Approvals per 1,000 establishments | 52.3 | 48.8 | 41.0 |
| Median 7(a) approval | $285K | $232K | $190K |
| Median 504 approval | $584K | $678K | $657K |
| Average approval | $597K | $620K | $573K |
| 504 share of approvals | 16.1% | 16.5% | 11.0% |
| Jobs supported per approval, as reported | 8.8 | 12.2 | 10.5 |
| Share of state approvals | 1.6% | 100.0% | — |
Approval sizes
- $50,000 or less21.0%13
- $50,001 to $150,0008.1%5
- $150,001 to $350,00025.8%16
- $350,001 to $1 million22.6%14
- $1 million to $2 million14.5%9
- Over $2 million8.1%5
Age of the businesses
- Existing, more than 2 years old45.2%28
- New business, 2 years or less25.8%16
- Startup, loan funds will open the business16.1%10
- Change of ownership12.9%8
Questions and answers
Which lenders make the most SBA loans in Elko County?
By approvals in FY2021 to FY2025: U.S. Bank, National Association (8), Zions Bank, A Division of (6), Nevada State Development Corporation (5), Mountain West Small Business Finance (4), America First Federal Credit Union (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Elko County?
The median 7(a) approval was $285K and the median 504 approval $584K; the Nevada 7(a) median was $232K.
Which industries get the most SBA loans in Elko County?
Automotive Repair and Maintenance (8); Traveler Accommodation (6); Services to Buildings and Dwellings (6); Lessors of Real Estate (4); Offices of Dentists (4).
Is SBA lending in Elko County rising?
Approvals in the three latest complete fiscal years total 33, against 34 in the three before: broadly level (-3%).
How does Elko County compare with the rest of Nevada?
52.3 approvals per 1,000 establishments against 48.8 statewide, and 62 of the state's 3,774 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error