Grass Valley Auto Service purchased its Winnemucca property for $860,000.
City
Winnemucca
Industry
Automotive
What the loan financed
The business’s Winnemucca property
Loan
$860,000 SBA 504 project
Source
Announced by NSDC
The deal
NSDC client Grass Valley Auto Service completed the $860,000 purchase of its Winnemucca property, featured in Northern Nevada Business Weekly.
Rural Nevada, same program
The 504 program is not a city product. Winnemucca is a long way from Las Vegas, and the structure is identical: the bank’s first mortgage, NSDC’s fixed-rate second, the owner’s equity.