Our staff at NSDC is available to help borrowers with their questions and to comply with the terms of their loan. This includes pre-payments, loan assumptions, maintaining appropriate insurance, financial information and several other transactions.
Please be advised, you must be a borrower or be able to prove that you are an authorized representative of the borrower to obtain loan information.
- Change Automatic Payment
Please print and complete the “Automatic Debit (ACH)” and attach a voided check and mail to:
Nevada State Development Corporation
6572 South McCarran Blvd
Reno, NV 89509
- Get My Balance
If you would like to get the latest balance for your account, please contact the Reno office, (phone 775-770-1240) please provide us with the following Information: Loan number, Name of the Requester, Name of the Business, Phone Number and e-mail address if applicable.
- Change Mailing Address
If you would like to change your mailing address, for our records, please contact the Reno office, (phone 775-770-1240) and provide the following information: Loan number, Name of the Requester, Name of the Business, Phone Number and e-mail address if applicable.
- Pre-payment Information
If you have an SBA 504 loan we can provide an estimated payoff amount to you for planning purposes.
NSDC must have a 45 day written notice that the loan is going to prepay.
Please be advised that the SBA 504 loans are assumable, which would eliminate the need to pay the prepayment premium.
A pre-payment premium may apply please contact Michelle Buck, (phone 775-770-1204) if you are considering loan payoff or a loan assumption.
- Wiring Instructions
Your payment must be automatically debited from your bank account. In the event your automatic debit does not go through you will be asked to wire in your payment.
All payments received after the 15th of the month will be assessed a late fee of $100.00 or 5% of your loan payment, whichever is greater.
Please direct questions to Michelle Buck, (phone 775-770-1204)
- Property and Flood Insurance Information
According to the terms of your SBA 504 Loan Authorization you are required to insure your property for the full insurable value on a replacement cost basis. Evidence of property insurance (and flood insurance if required) must be provided and kept current for the life of the loan by the owner of the property.
U.S. Small Business Administration is to be listed as a second mortgagee or loss payee , worded as follows:
U.S. Small Business Administration
c/o Nevada State Development Corporation
6572 South McCarran Blvd.
Reno, NV 89509
Please have your agent forward a copy of your insurance policy to our Reno office. We require building coverage only, not liability.
Please direct questions to the Reno office (phone 775-770-1240)
- Financial Information
The submission of annual financial statements or tax returns is part of your loan commitment. Please submit your annual financial statement (balance sheet and income statement) and/or tax returns to our Reno office no later than three (3) months after your year end.
Please direct questions to Reno office (phone 775-770-1240)
- Real Property Taxes
You, as a borrower, are responsible for paying the property taxes. No escrow account for property tax payments or impound account on the real estate has been induced with your loan. Please check with the County Tax Collector or Assessor in which your property taxes are due.