Mining-country lodging and storage

Elko is a micropolitan area with 102 SBA approvals for FY2017 to FY2026 and $62.8 million gross, rank 464 of 928; 84 are 7(a) and 18 are 504, a high 504 share for its size. Elko puts its median at $269,750. Elko is 1.30x the national figure. For Elko, half of loans run $52,500 to $844,125. Brands hold 14.7% of the count. The county table is not printed for Elko on this page.

Hotel and motel opens Elko's class table at 9 loans, then self storage with 6 and, with 5, gas station and truck stop; 63 loans sit outside the classes. A self-storage study should test unit mix, lease-up pace and competing supply in the trade area; a hotel study, seasonal occupancy and rate. FY2017 had 9 loans and $6.1 million, FY2019 a low of 5 loans and $4.0 million, FY2021 a peak of 17 loans and $7.7 million, and FY2026 8 loans and $5.1 million.

Elko lenders

Elko's 7(a) list begins with U.S. Bank, National Association at 17 loans and $1.1 million, then 10 loans and $2.7 million at Wells Fargo Bank National Association and 9 loans and $1.2 million at Zions Bancorporation, National Association. On 504, Nevada State Development Corporation has 12 loans and $4.8 million. Elko lender figures are SBA's records. Elko names hold or held those loans. Elko counts show volume only, and Elko counts judge no lender or requirement.

Elko floors and the study

Elko cancellations after approval reached at least 9.6%. Elko approvals span FY2017 to FY2024. Elko reaches 9.6% when undisbursed loans count. Elko reports no charge-off rate. Too few Elko loans back one; Elko is not a zero. Every Elko rate here is a floor, as open Elko loans may move it. Elko places projects by county name. Elko loses loans lacking a placeable county. Elko's members follow the July 2023 delineation. Elko counts all approvals, named or not. Elko work should name the site's county, then test demand and cost, test debt service against thin revenue, and compare value with sales in that county; for lodging, add an honest read of how many nights in a year the rooms are actually full. Elko studies come from Loan Analytics. Elko studies are signed by Daniel Smith, MAI.

SBA loans in the Elko, NV Micro Area

Loans approved, FY2017 to FY2026	102
Gross dollars approved	$62.8 million
Median loan	$269,750
Middle half of loans, from	$52,500
Middle half of loans, to	$844,125
SBA 7(a) loans	84
SBA 504 loans	18
Franchise share of loans	14.7%
Rank among metro and micro areas by loans	464 of 928
Median loan against the national median	1.30x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	9.6%
The same, counting loans still undisbursed as cancelled (a ceiling)	9.6%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	withheld

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA loans approved in the Elko, NV Micro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	9	$6.1 million
FY2018	10	$8.9 million
FY2019	5	$4.0 million
FY2020	6	$1.0 million
FY2021	17	$7.7 million
FY2022	12	$10.2 million
FY2023	10	$4.1 million
FY2024	14	$9.2 million
FY2025	11	$6.4 million
FY2026	8	$5.1 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	63
Hotel and motel	9
Self storage	6
Gas station and truck stop	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Nevada State Development Corporation	12	$4.8 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
U.S. Bank, National Association	17	$1.1 million
Wells Fargo Bank National Association	10	$2.7 million
Zions Bancorporation, National Association	9	$1.2 million
Enterprise Bank & Trust	5	$5.4 million

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-21220.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Elko, NV Micro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Feasibility Study Data for the Elko, NV Micro Area