In 2017, NSDC had 63 SBA 504 loans approved for a total of 50.7 million.
Our dedicated staff helps borrowers to navigate the commercial real estate loan process from start to finish enabling most loans to close within 60 days. NSDC is authorized to arrange small business and commercial real estate loans in Nevada; Mojave County, Arizona; and several counties in California including Modoc, Plumas, Lassen, Sierra, Placer, El Dorado, Alpine, Mono, Inyo, and San Bernardino.
The SBA 504 Loan Program provides an opportunity for small business owners to purchase commercial real estate and finance long-term equipment at reasonable rates and terms. No tax dollars are used to fund the SBA 504 Loan Program.
The SBA 504 commercial real estate loan provides up to 90 percent funding at rates typically below the market. Applications are processed quickly with preapprovals in as little as 24 hours.
NSDC has funded more than 1,721 loans with an estimated combined value of $780 million in SBA financing and $1.88 billion in total project costs creating over 19,000 jobs. NSDC was named the Platinum SBA 504 Lender for the state of Nevada by the U.S. Small Business Administration (SBA).