Current SBA 504 rates · September 2026 SBA 504 historical rates → Las Vegas (702) 877-9111Reno (775) 770-1240

SBA 504 loans · Nevada · Since 1981

Stop paying for someone else's building.

NSDC is Nevada's nonprofit SBA 504 lender. We fund the piece of your building the bank won't.

Every month, your rent buys your landlord a little more of the building your business runs on. An SBA 504 loan flips that: 10% down, a rate on the SBA portion fixed for up to 25 years, most loans closed within 45 days. A building your business can grow into. A location nobody can raise the rent on.

See if you qualify, free Run the numbers first →

Four details, no credit pull. A loan officer in Reno or Las Vegas reads them and calls you. Pre-qualification within three business days.

  • Free
  • No credit pull
  • No documents to start
  • A named officer replies

We love owning this because we're in charge of our destiny. Full Tilt Logistics, NSDC borrower · 2,350+ loans since 1981

Everything you need to own instead of rent, in one loan.

Here's exactly what a 504 through NSDC gets you, and what each piece means for the business.

A small building with a key at the door and a single coin

The building, with 10% down

A conventional lender wants a quarter of the price in cash. A 504 wants ten percent. On a $1M building that's $150,000 that stays in your business.

So the cash a bank would take at closing stays in the business: a hire, a machine, inventory.

The math
A padlock on a flat line across a rate chart

A rate that never moves

The SBA portion is fixed the day it funds, for the whole 10, 20 or 25 years. No reset, no balloon, no surprise in year seven.

So your occupancy cost in year twenty is the same as in year one.

This month's rate
A clock and calendar with a check mark

Closed within 45 days

As a Premier Certified Lender, NSDC approves in-house. Your file doesn't sit in a queue at the SBA.

So you can put a real closing date in the purchase agreement.

The four phases
A handshake inside a shield

The same team for 25 years

We service every loan we close. The person who prequalifies you is the team you call in year twelve.

So you're never handed to a stranger who bought the servicing.

After you close

Is this for you?

Five checks. Most Nevada businesses clear all five.

  • Your business operates for profit.
  • You'll occupy at least 51% of an existing building, or 60% of a new one. Tenants can have the rest.
  • Tangible net worth under $20 million.
  • Average net income under $6.5 million.
  • The money buys, builds, refinances, or equips the place you work from. Not investment property, not working capital alone.

Newer business? Not out. Different: operating two years or less, you'll typically put in 15% instead of 10%.

See if you qualify, freeThe full rules, with sources

“We don't have to worry about a landlord giving us a 60-day notice, rent hikes, any of that. We love owning this because we're in charge of our destiny.”

Full Tilt Logistics, NSDC borrower
  1. 50% Bank or credit union First lien. Its own rate and term.
  2. 40% SBA 504 through NSDC Second lien. Fixed for 10, 20 or 25 years.
  3. 10% You Cash or equity you already hold.
The standard 504 structure. Start-ups (two years or less in business) and special-purpose properties put in 15%; both together, 20%. The bank half never changes.

How it works

Three parties. One building. You bring ten percent.

The bank takes the first half on its own terms. NSDC delivers the SBA-backed 40% at a fixed rate. You put in 10%. That's the whole structure, and it's the reason a business that could never write a $250,000 check can own its building anyway.

  • You get two loans on one building. The bank's, and the SBA's, which NSDC arranges.
  • You talk to NSDC first. We bring a bank that does 504 deals every month, or we work with yours.
  • You don't structure any of this. You tell us about the building. We do the rest, through closing.
What a CDC is, and why one is in your deal
  1. 1

    Review

    You send four details. A loan officer says whether a 504 fits, within three business days.

  2. 2

    Structure

    We set the bank / SBA / you split for your building and bring the bank in, or work with yours.

  3. 3

    Approve and close

    We package for the SBA and approve in-house. Full approval typically takes two to three weeks. Most loans close within 45 days.

  4. 4

    Own

    The SBA portion is fixed the day it funds. We service it, from the same office, for the life of the loan.

The cost of doing nothing

“I've been renting forever and I have nothing to show for it.” We hear it every week. Here's the deal, in one table.

Every renewal you sign is another lease term building your landlord's equity instead of yours.

Example: a $1,000,000 owner-occupied building. Conventional terms vary by bank. 504 figures are program rules.
Keep rentingConventional loanSBA 504
Cash to get inA deposit, then rent forever$250,000 (25%)$100,000 (10%)
What the rate doesRises at every renewalResets in 5–10 yearsFixed for up to 25 years
How long you have itUntil the landlord decidesOften a 10-year balloon10, 20 or 25 years, no balloon
Who you deal with afterThe landlordWhoever buys the servicingThe same NSDC team
Who owns it at the endYour landlordYouYou
See if you qualify, freeRun your own building through the calculator

Four details, no credit pull. A loan officer in Reno or Las Vegas reads them and calls you. Pre-qualification within three business days.

  • Free
  • No credit pull
  • No documents to start
  • A named officer replies

We love owning this because we're in charge of our destiny. Full Tilt Logistics, NSDC borrower · 2,350+ loans since 1981

Why NSDC, not just why own

Four reasons the deal goes through us.

  • Nevada's #1 SBA 504 CDC. Named by the SBA Nevada District Office, 2025. The oldest, largest and only statewide CDC in the state.
  • 2,350+ loans since 1981. $1 billion+ in SBA financing to Nevada businesses.
  • The same team for 25 years. Offices in Las Vegas and Reno. The officer who prequalifies you is the team that services you.
  • We tell you when a 504 isn't your loan. And which one is. Sending you to the right loan is how we earn the referral later.
The 2025 Nevada 504 CDC Lender of the Year award, 1st place, from the U.S. Small Business Administration
Nevada 504 CDC Lender of the Year, 1st place. SBA Nevada District Office, 2025.

What you get

Six things NSDC does for you.

  1. A straight read on fit, within three business days
  2. The structure worked out for your building
  3. A bank brought in, or yours used
  4. The SBA package prepared, submitted and approved in-house
  5. Closing coordinated with the bank and the title company
  6. Your SBA loan serviced by the same office for its whole life

Proof, not promises

We've done this more than 2,350 times in Nevada.

Every number here is one NSDC has published. Every story on this site links to the real business. We'd rather show you the record than tell you about it.

The businesses that stopped renting
2,350+SBA 504 loans funded since 1981
$1 billion+in SBA financing delivered to Nevada businesses
23,914Nevada jobs supported
41 loansin 2024 alone, $43.5 million financed

Source: figures NSDC has published, verified September 2026.

Pick your situation. We'll tell you straight if a 504 fits.

Including when it doesn't. Sending you to the right loan is how we earn the referral later.

You're renting the building you'd rather own.

This is the deal the 504 was written for. You occupy at least 51%, you put in 10%, and the SBA portion is fixed for up to 25 years. Lease out the rest if you want; the rent helps carry the loan.

Your likely route: a 504 purchase loan, 10% down.

How it works on a $1M building
Triangle Labs, Carson City, a building financed with an NSDC SBA 504 loan
Triangle Labs, Carson City · NSDC borrower

Bankers, brokers, CPAs: bring us the deal and keep the relationship.

You hold the first lien on 50% of the project with 10% borrower equity beneath NSDC's position, a better loan-to-value than you'd carry alone, on a customer who stays yours. We take the SBA piece, approve it in-house, and service it for the life of the loan so your borrower never calls you about our half.

What we don't want: pure investment property, working capital only, a business that can't occupy. We'll say so on the first call, which is why the next referral comes.

Submit a dealTalk to business development
Cory Wright CPA, Reno, a building financed with an NSDC SBA 504 loan
Cory Wright CPA, Reno · NSDC borrower

The math on one building

What $1,000,000 looks like, both ways.

ConventionalSBA 504
Cash at closing$250,000$100,000
Rate on the larger pieceResets in 5–10 yearsFixed 25 years
Who you deal with after closeWhoever buys the servicingThe same NSDC team

No cap on the project

The SBA caps only its own share ($5 million). A $10 million building still works.

Fees are financed

roughly 3% of the SBA portion, rolled into the loan, not paid at closing.

Rural counts

Wells, Ely, Elko, Mesquite. Same program, same team, same fixed rate.

Honest about the downsides

More paperwork than a cash deal, and a declining prepayment premium in the early years. The rules.

This month's rates

Set once a month. Fixed for the life of the loan.

Published after each debenture sale, with the month, so you can compare it with anything a bank quotes you.

How the rate is set, and the full table

Current SBA 504 loan rates for September 2026

20 years6.53%
20 year refinance6.54%
20 year manufacturing6.28%
25 years6.54%
25 year refinance6.54%
25 year manufacturing6.30%

Effective rates as published by NSDC, fixed for the full term once the loan funds. Ten-year (equipment) debentures are sold every other month; ask for the current figure.

The eight questions people ask before they call.

Straight answers. The long versions, with sources, are one click away on each.

How much cash do I need?
10% of the project for most deals. 15% for a start-up (two years or less) or a special-purpose building; 20% if it's both. Fees are financed into the loan, not paid at closing. The down payment rules.
Can I buy the building I rent now?
Yes. That's the deal the 504 was written for. You need to occupy at least 51% of it; the rest can stay leased to tenants. Owner-occupied real estate.
Can I finance construction?
Yes. You occupy 60% of the new building. The bank carries the build on an interim loan and the SBA portion takes it out at completion, fixing your rate that day. Construction with a 504.
How long does it take?
Pre-qualification within three business days of your details. Full SBA 504 approval typically takes two to three weeks. Most of our loans close within 45 days. The four phases.
What documents will I need?
None to prequalify. When a file goes forward: business tax returns (generally three years), personal returns and a financial statement for each principal, interim financials, a debt schedule, and the purchase agreement. Your loan officer tells you what's actually needed for your deal. The checklist, stage by stage.
What are the fees?
Roughly 3% of the SBA portion, financed into the loan rather than paid up front. The bank sets its own fees on its half. The fee breakdown.
I already have a banker. Do I still need NSDC?
Yes, and you keep your banker. The bank makes the first mortgage; NSDC arranges the SBA-backed second at a fixed rate. If you don't have a bank, we introduce you to ones that do 504 deals every month. What a CDC is.
What happens after I send the form?
A loan officer in Las Vegas or Reno reads it, calls you, and tells you whether a 504 fits and what it would take. No credit pull, no documents, no commitment. If it doesn't fit, we say so and tell you what would change that.

You've seen how it works. Now see if it works for you.

If ownership is in the plan, know your options before you sign the next lease. Have handy: the building you have in mind, roughly what it costs, and roughly what the business earns.

See if you qualify, free

Four details, no credit pull. A loan officer in Reno or Las Vegas reads them and calls you. Pre-qualification within three business days.

  • Free
  • No credit pull
  • No documents to start
  • A named officer replies

We love owning this because we're in charge of our destiny. Full Tilt Logistics, NSDC borrower · 2,350+ loans since 1981

OnlineSee if you qualifyFour fields. A loan officer replies within three business days. Las Vegas(702) 877-9111Monday to Friday, 7:00 AM to 4:00 PM Reno(775) 770-1240Monday to Friday, 7:00 AM to 4:00 PM