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

For lenders, brokers and CPAs

Refer a Client to Nevada's SBA 504 Lender

In an SBA 504 loan, the bank holds a 50% first lien, Nevada State Development Corporation funds the SBA-backed 40% second lien at a fixed rate, and the borrower puts down as little as 10%. The bank keeps the customer relationship and the senior position. NSDC handles the SBA side and services the loan for its full life.

Submit a dealTalk to a business development officer

How the bank participates

You hold the first lien and keep the relationship. NSDC takes the SBA piece behind you. Drawn, not described:

  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.

Your first mortgage is underwritten on your terms, at your rate, on your paper. NSDC's 40% sits behind you as a second lien, funded by the monthly SBA debenture and fixed for the full 10, 20 or 25 years. Your exposure is half the project on a first lien with 10% borrower equity beneath NSDC's position: a stronger loan-to-value than you'd carry on a conventional deal, on a customer who stays yours.

Why send it to NSDC

Premier Certified Lender

In-house approval, not a queue at the SBA. That's why prequalification is fast and most loans close within 45 days.

Since 1981

2,350+ loans, $1 billion+ financed, statewide. We've closed with every bank that does 504 in Nevada, and most that don't yet.

Servicing for life

Your borrower never calls you about NSDC's portion. Payments, payoffs and questions on the second lien come to us for 25 years.

Send us

  • An owner-occupied purchase, construction or refinance
  • Occupancy of 51% or more (60% for new construction)
  • Projects from $500,000 up; the SBA portion can run to $5 million, with no cap on total project size
  • An established business, or a well-prepared start-up with 15% equity
  • Long-life equipment, where the 10-year debenture fits

Don't send us

  • Pure investment or rental property
  • Working capital only, inventory, or a business acquisition without real estate. That's a 7(a); we'll say so and point you to one
  • A business that can't occupy the building
  • Non-profits and passive investment entities

Being specific about the "don't" list is what earns the next referral.

What happens after you submit

  1. Prequalification, fast

    A business development officer reviews the deal and comes back with a yes, a no, or a structure that works.

  2. You and NSDC structure the deal

    Your first lien on your terms; NSDC's second lien on the SBA's. One package, two lenders, coordinated by us.

  3. SBA authorization, in-house

    NSDC underwrites and approves under its Premier Certified Lender authority. Appraisal and environmental review run alongside.

  4. Close within 45 days

    Both loans close together; the debenture funds at the next monthly sale. Then we service ours and you service yours.

Submit a deal

Questions bankers ask

Who holds the first lien?
You do. NSDC's SBA-backed loan is a second lien behind your first mortgage, with borrower equity beneath both.
What happens if the borrower defaults?
Your first lien is senior. NSDC and the SBA manage the second-lien position, including any liquidation of the SBA's interest, under SBA rules. Your recovery isn't subordinated to ours.
Do I keep the depository relationship?
Entirely. A CDC isn't a bank and doesn't take deposits. We never compete for the customer.
What fees does my client pay?
SBA and CDC fees on the 504 portion, roughly 3% of the debenture, normally financed into the loan. Your first-mortgage fees are your own. The fee breakdown.