SMALL BUSINESS ADMINISTRATION (SBA) LOANS
Unlock Your Business Potential with Lexi-Option Loans
FLEXIBLE FINANCING FOR YOUR BUSINESS
Every business has a story. At Lexicon Bank, we support your next chapter—with service, speed, and accessibility.
At Lexicon Bank, we understand that every Southern Nevada business is unique, with distinct aspirations and financial needs. That's why we've developed Lexi-Option Loans: a flexible, comprehensive suite of financing solutions designed to empower your growth, whether you're a burgeoning startup or an established enterprise looking to expand. Our Lexi-Option approach means you get more than just a loan. You get a tailored financial partnership, offering concierge-style service, choice, and the capital you need to thrive right here in our vibrant community.
Southern Nevada's economy is dynamic, driven by innovation, resilience, and the entrepreneurial spirit of its businesses. To truly succeed, you need a banking partner who not only understands the local landscape but also offers diverse financing options. Lexi-Option Loans provide precisely that, combining the strength of traditional lending with the strategic advantages of government-backed programs. We're committed to helping you navigate the complexities of business finance, ensuring you have the right tools to seize opportunities and overcome challenges.
Understanding Your Options: SBA Loans
The SBA offers several key loan programs, each designed for specific business needs:
For many small businesses, securing traditional financing can be a hurdle. This is where Small Business Administration (SBA) loans become invaluable. The SBA doesn't directly lend money. Instead, it sets guidelines for loans made by its partner lenders, like Lexicon Bank. It guarantees a portion of the loan, reducing risk for the bank and making it easier for small businesses to qualify.
SBA 7(a) Loan Program
This is the most common and flexible SBA loan, offering up to $5 million for a wide range of purposes, including working capital, equipment purchases, real estate acquisition, business expansion, or even refinancing existing debt. Its versatility makes it a popular choice for many small businesses seeking general financing.
SBA 504 Loan Program
Designed for major fixed asset purchases, such as real estate or heavy machinery, the 504 program provides long-term, fixed-rate financing. It typically involves a partnership between a bank (like Lexicon Bank), a Certified Development Company (CDC), and the borrower. This structure often results in lower down payments and longer repayment terms, preserving your business's cash flow.
Client Spotlight: The Martini
Learn how Lexicon Bank empowered Nick Starr into growing his business, The Martini, to where it is today.
"The loan allowed us to purchase the land and building we had been renting for our tavern. This has provided us with long-term security and peace of mind, knowing we’re no longer subject to lease renewals or uncertain rent increases. It’s also enabled us to make long-term capital improvements to our business with confidence.
As we enter our 15th year in business, owning the property gives us the foundation to grow for the long term. I truly believe this positions The Martini to become a family business that can be passed down through generations."
Benefits of SBA Loans through Lexicon Bank
As an experienced lender, Lexicon Bank streamlines the SBA loan application process. The benefits of choosing an SBA loan often include:
Lower Down Payments
Compared to conventional loans, SBA loans typically require less capital upfront.
Longer Repayment Terms
Extended repayment periods can lead to lower monthly payments, improving your cash flow.
Flexible Use of Funds
Especially with the 7(a) program, funds can be used for diverse business purposes.
"Despite being a long-time customer at a national bank, we struggled to get any real support or even responses during the pandemic. With Lexicon Bank, communication is never an issue—they always respond promptly and take the time to understand our needs."
Nick Starr
The Martini
WHY CHOOSE LEXICON BANK?
Lexicon Bank is more than just a financial institution. We are a dedicated partner in the Southern Nevada business community.
Our team possesses deep local market knowledge, understanding the unique challenges and opportunities that businesses face here. We pride ourselves on:
Personalized Service
You'll work with experienced loan specialists who take the time to understand your business goals.
Streamlined Process
We aim to make the loan application and approval process as efficient and transparent as possible.
Local Expertise
Our commitment to Southern Nevada means we're invested in your success and the prosperity of our community.
Comprehensive Solutions
With Lexi-Option Loans, you gain access to a full spectrum of financing, from government-backed programs to direct bank lending.
Discover how Lexi-Option Loans can provide the financial leverage your Southern Nevada business needs to reach its full potential. Whether you're exploring SBA options or seeking a customized solution, Lexicon Bank is here to guide you.
Ready to Empower Your Business?
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