Applying for an SBA 504 Loan is as easy as applying for a conventional bank loan. There are only a couple of additional documents required by SBA that are not used by any bank. All other information is shared between NSDC and the bank of your choice. View a checklist here.
To apply for a loan, first contact one of the following NSDC staff members: contacting us
We can discuss your business and your financing needs, make an appointment or mail you the appropriate application. You can get a head start in the process by gathering historical financial information on the business and business owner(s) as well as a summary of your project or financing needs.
How long will it take?
SBA 504 Loans are typically approved in two to three weeks. However, a pre-qualification can be issued within three days after receipt of limited financial information.
"It was an awesome and smooth process. Nevada State Development walked me through the short duration of the loan and my loan officer was with me ‘hand in hand’ throughout the process. We’re very happy!"