refinancing-nevada

Yes—Nevada franchise owners can refinance with an SBA 7a loan if the business shows steady revenue and good collateral. Check rates now.

The specifics

SBA 7a refinancing in Nevada requires a minimum 6‑month operating history, $500,000 + gross annual revenue, and 70%+ occupancy for property‑based franchises. Grants of up to 90% of the purchase price are available, and equity requirements can be as low as 10–15% (SBA). Rates for 2026 range from 8–10% APR for good credit (740+) and 10–13% for fair credit, with a 3–5 pp premium for lower scores (NerdWallet). A typical refinance term is 48–60 months, with monthly payments matching 8–12% of gross revenue. Collateral like the franchise lease, equipment, or real estate can lower the APR by 1–3 pp (LiveOak Bank).

Qualification & edge cases

If your revenue falls below the 500k threshold or your FICO is under 620, SBA will not approve. In that case consider non‑SBA, franchisor‑approved lenders such as Bridge Marketplace’s top franchise finance list, which offer up to 90% equity support but generally charge 8–16% APR (Bridge Marketplace). A Nevada franchise with less than 70% occupancy can still qualify, but must demonstrate a higher debt service coverage ratio of 1.25× to cover higher risk. If the franchise is a multi‑unit, the SBA may require a combined revenue of at least $1 million and restrict single‑customer concentration to 40%.

Background & how it works

Franchise refinancing replaces the original purchase or construction debt with a new SBA 7a loan, often at a lower interest rate and longer term. The SBA backs the loan, so lenders offer better terms than private debt. Eligibility is determined by credit, revenue, and collateral, and the application process requires financial statements, business plans, and franchise agreements. Generally, you submit your paperwork to a participating lender, who verifies the SBA guidelines and sends a pre‑approval before the formal SBA application. Once approved, the lender “fires” the loan through the SBA, and repayment begins under the new amortization schedule.

Bottom line

Nevada franchisees can comfortably refinance with an SBA 7a, meeting revenue and collateral criteria for rates as low as 8–10% APR. If you qualify, the process takes only a few weeks and preserves your credit score. See the rate you qualify for in 2 minutes.

Disclosures

This content is for educational purposes only and is not financial advice. franchiseeloan.com may receive compensation from partner lenders, which may influence which products are featured. Rates, terms, and availability vary by lender and applicant qualifications.

Sources

• SBA
• NerdWallet
• LiveOak Bank
• Bridge Marketplace
• Franchises Finance