Disaster Assistance for Nevada Private Nonprofits

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SBA Press Release NV 15053-01

SBA Disaster Assistance Available to Nevada Private Nonprofit Organizations

SACRAMENTO, Calif. – Low-interest federal disaster loans are now available to certain private nonprofit organizations in Nevada following President Trump’s federal disaster declaration for Public Assistance as a result of the severe winter storms, flooding and mudslides that occurred Jan. 5-14, 2017, announced Administrator Linda McMahon of the U.S. Small Business Administration. Private nonprofits that provide essential services of a governmental nature are eligible for assistance.

SBA disaster assistance ...

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SBA restarts 504 refinance for business

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Southern Nevada small-business owners facing balloon payments on their real estate loans are about to get some much-needed relief.

The Small Business Administration, with the approval of Congress, has reinstated a program allowing business borrowers to refinance loans for their buildings or equipment at lower interest rates. That enables the businesses to save thousands of dollars a month and give them additional capital.

About 50 Nevada businesses and 2,700 nationally took advantage of the loan program when it started in 2011, and ...

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SBA 504 Refinance Program Made Permanent

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SBA 504 Refinance Program Designed to Help Small Businesses Grow and Create Jobs

Eligible small business owners now have more options to refinance eligible fixed assets and business expenses through the Small Business Administration (SBA) 504 Refinance Program.  SBA Administrator Maria Contreras-Sweet made the program permanent through an Interim Final Rule in The Federal Register released May 26, 2016. This change will help small business owners ease their financial burdens and create incentives for potential expansion and further job creation.

In ...

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SBA Debt Refinancing Update

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Administrator Maria Contreras-Sweet announced that the SBA Debt Refinancing regulations have been signed and is “on its way to the Federal Register as we speak.” The loan product will be available for CDCs by June. 

Discussions and details surrounding the soon-to-be released debt refinancing regulations will be featured this week at the NADCO Spring Summit with ...

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SBA 504 Refinance Program Signed Into Law

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NSDC is pleased to announce that a permanent SBA 504 refinance program has been signed into law.

The provision was placed into the omnibus bill that will fund the government for the rest of FY 2016. In a summary of the bill by the U.S. House Appropriations Committee it says that the agreement “…includes a provision to reauthorize the 504 refinance program at $7.5 billion to help business owners refinance their commercial mortgages…”

It will take a few more months for this ...

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Debra Alexandre featured in Nevadan at Work

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Nevadan at Work: Nonprofit president has expertise in small-business loans

By CHRIS SIEROTY
LAS VEGAS REVIEW-JOURNAL

When it comes to a certain classification of business loans, Debra Alexandre has the market cornered.

In fact, it is unlikely anyone in Las Vegas is more familiar with U.S. Small Business Administration 504 loans, how they operate and the economic benefits they provide than Alexandre, who is president of the Nevada State Development Corp.

SBA 504 loans are business loans for the purchase of fixed assets — ...

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SBA Announces Ty Salazar, Director of Operations for Logistical Solutions, Young Entrepreneur of the Year

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Nevada State Development Corporation (NSDC), a sponsor of the 2013 SBA Small Business Awards, is pleased to announce that Ty Salazar has been named Young Entrepreneur of the Year.

Salazar is the Director of Operations for Logistical Solutions, LLC, a homegrown environmental services firm he founded in 2008 with his partner and wife, Ginnie.  With the help of NSDC, Salazar was able to secure a facility to house and expand his growing business.

“Having a great facility to support my team has ...

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NSDC is SBA’s 504 Platinum Lender

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Nevada State Development Corporation (NSDC) was named the Platinum SBA 504 Lender for the state of Nevada at the U.S. Small Business Administration (SBA) Small Business Awards Event hosted by Vegas PBS on Thursday, June 6, 2013. NSDC had 72 SBA 504 loans approved in 2012 for a total of $42,218,000. Vegas PBS honored those individuals and businesses whose extraordinary accomplishments have made a significant impact in the community.

“We are truly honored to be recognized as the Platinum SBA 504 ...

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