Why Do Business Owners and Banks Choose NSDC?
With Our SBA Business Loan Options Everybody Wins!
Business owners keep more working capital in the business due to the favorable loan terms, down payment, and interest rate. Sellers get funds faster because of SBA’s faster approval time. Brokers earn commissions quickly and close loans that might not have qualified for conventional financing. Banks get a 50% LTV first lien on the building, typically resulting in a lower interest rate to the borrower. Neighborhoods benefit from increased economic development and additional jobs. Taxpayers are not affected as no tax dollars are used to fund the 504 Loan Program.
Easy Prequalification and Fast Approvals
We can prequalify applicants, saving everyone time in determining which properties might be most appropriate. Our staff will work with the borrower and banker from start to finish enabling most loans to close within 45 days.
Low down payment (usually 10%) and Low, Fixed Interest Rates
Small business owners receive up to 90% financing, allowing them to conserve valuable working capital. Start-up businesses and special purpose properties require an additional down payment.
Experienced staff and Excellent customer service
Personal attention from start to finish. We are the oldest, largest, and only statewide Certified Development Company (CDC) with Premier Certified Lender status in Nevada.
Longer Term of Repayment Means Lower Payments
A 10, 20, or 25-year repayment terms result in even payments. The bank’s loan is in first lien position and is typically amortized over a longer-term.
Ownership Equity in Real Property
Property owners can avoid the risk of ongoing lease payment increases along with possible tax advantages.
Businesses We Have Helped Just Like Yours
In Real Estate & Equipment Financiaing
Monthly Interest Rates
20 Year Fixed 2.95%
25 Year Fixed 3.03%
CASE STUDY: Full Tilt Logistics (Reno, NV)
Loan Amount: $905,000
With our help Full Tilt Logistics was able to purchase its headquarters at 470 East Plumb Lane in Reno, Nevada. NSDC helped facilitate the transaction with a low-interest SBA 504 loan.
More SBA 504 Small Business Loan Success Stories
Nevada State Development Corporation plays an integral role in the financing of 76,000 square feet of new warehouse space in Northern...
With an SBA loan through Nevada State Development Corporation, the state’s largest SBA 504 loan provider, and First Independent Bank,...
After securing small-business loan with assistance from Nevada State Development Corporation, B&B aims for year-round operation,...
Need Answers Fast?
Contact one of our expert loan specialist to get specific answers about how your business can benefit from an SBA 504 small business loan.
Top Questions To Consider
Why should I consider a SBA 504 Small Business Loan?
The benefits of a SBA 504 loan includes a low down payment, longer loan terms, and larger loan amounts than may be available through a conventional loan. In most cases, the borrower’s down payment will be 10% of project costs. Interest rates on the SBA 504 loan are below market rate and is fixed for the duration of the loan term (10, 20, or 25 years).
Is qualification dependent upon how long I have been in business?
There is no rule regarding the length of time in business. However, start-up businesses are subject to a higher level of scrutiny. Additional owner equity may be required.
How much can I borrow?
There is no limit on the bank portion of the loan. The SBA portion has recently been increased to the following amounts: up to $5 million for regular loans and up to $5.5 million for Manufacturers and certain energy-related projects.
Upcoming NSDC Workshops & Events
Helping Small Businesses Grow
Follow Us Online