Industries
SBA 504 Financing for Professional Service Firms
Law firms, accounting practices, engineers, architects, insurance agencies and consultancies are among the most straightforward 504 borrowers there are: an office building is not special-purpose, the business occupies it, and the numbers usually work at 10% down with the SBA portion fixed for up to 25 years.
The 504 for Nevada professional practices
Offices for firms that have outgrown a lease, and what changes when the practice owns the suite.
Why firms choose a 504
A professional firm's rent is often its second-largest expense after payroll, and it rises at every renewal. Owning turns that line into a fixed payment and, over a career, into an asset the partners hold. For a firm with a stable client base and an address its clients know, the case is usually obvious once the down payment stops being the obstacle.
What the money can buy
- An office building the firm occupies, or a condominium office unit
- A building where the firm takes 51% or more and leases the rest to other tenants
- Ground-up construction at 60% occupancy
- Tenant improvements, build-out, parking and building systems
- Eligible refinancing of an existing office mortgage
What doesn't
Working capital, receivables financing and practice acquisitions aren't 504 uses; a 7(a) may fit those. 504 vs 7(a).
Nevada examples
Nevada practices and firms that bought the office instead of renewing on it.
The structure, whatever the industry
A bank first mortgage, NSDC's fixed-rate SBA portion, and your equity. Start-ups and special-purpose properties put in more.
- 50% Bank or credit union First lien. Its own rate and term.
- 40% SBA 504 through NSDC Second lien. Fixed for 10, 20 or 25 years.
- 10% You Cash or equity you already hold.
Eligibility, in brief
Your business operates for profit; tangible net worth is under $20 million and average net income under $6.5 million; you'll occupy at least 51% of an existing building or 60% of new construction; and the money buys real estate, long-life equipment, or eligible refinancing. The full requirements, with sources.
The timeline
Prequalification is free, with an answer within three business days. Full SBA approval typically takes two to three weeks, and most NSDC loans close within 45 days, because as a Premier Certified Lender NSDC approves in-house. The four phases.
Why NSDC
Nevada's oldest, largest and only statewide CDC, lending since 1981: 2,350+ loans, $1 billion+ in SBA financing, 23,914 jobs supported, from offices in Las Vegas and Reno, serving Nevada, Mojave County, Arizona, and eleven eastern California counties. About NSDC.
This page is for general informational purposes only and does not constitute legal, tax, or financial advice. Figures verified September 2026.
Tell us about the building. We'll tell you where you stand.
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