As we at NSDC embark on a new fiscal year we embrace the challenges and changes ahead. We will miss Debra Alexandre who has been at the leadership of NSDC through some of the most challenging years of our recent economic cycles and delivered us to where we are positioned to continue to be a strong advocate of the SBA 504 program and the effort to assist small businesses through the state of Nevada. We open up the new fiscal year with an optimistic outlook on the continued growth of small businesses within our state and the opportunities that lie ahead.
I am humbled and honored by the confidence bestowed in me by Debra Alexandre and our Board of Directors and look forward to working with our experienced and professional employees in both our Las Vegas and Reno Offices to continue the great work NSDC has done for over 35 years. We are proud to be a Nevada Small Business that has the opportunity to work with, and assist other Nevada Small Businesses to help them achieve their dreams and growth.
Taking a look back at what was achieved in fiscal year 2017; statewide NSDC had 62 loan approvals for $51,139,000 which represents in excess of $100,000,000 in total gross projects within Nevada. We also funded 52 loans for over $26,500,000.
This represents a strong year and we want to thank the small business owners that participated in the 504 loan program and our many business partners and referral sources that work hand in hand with us to assist the growth of small business in Nevada. We greatly appreciate your confidence and commitment to NSDC and will continue to strive for excellence in all aspects of the service we provide.