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Commercial Real Estate and Long-Term Equipment Financing www.nsdc.com

. Commercial Real Estate and Long-Term Equipment Financing www.nsdc.com. Nevada State Development Corp. Non-profit organization created in 1981 Assist in the economic development of businesses throughout Nevada Measured by job creation

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Commercial Real Estate and Long-Term Equipment Financing www.nsdc.com

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    Commercial Real Estate and Long-Term Equipment Financing www.nsdc.com
  2. Nevada State Development Corp. Non-profit organization created in 1981 Assist in the economic development of businesses throughout Nevada Measured by job creation Underwrite, process, close, and service SBA 504 loans www.nsdc.com
  3. SBA 504 Loan Program For purchase of long-term assets Commercial real estate for the owner/user Min. 51% owner occupied (60% for new construction) Equipment with useful life of at least 10 years Loans of up to 90% of purchase price: Bank loan of at least 50% SBA loan of up to 40% Borrower contribution of at least 10% www.nsdc.com
  4. SBA 504 Loan features SBA portion $5 million (maximum) Only collateral is the project property Fixed interest rate for full loan term 10 or 20 year terms offered Loan fees financed in the loan Soft costs can be included in financing Uses no taxpayer money www.nsdc.com
  5. SBA 504 Loan Benefits Business owners retain more working capital for their business and to create jobs only 10% down payment Soft costs and fees are financed Occupancy costs are stabilized Fixed interest rate for full life of loan Bank’s risk is reduced with only 50% LTV Instead of 70% exposure with conventional loans Same paperwork that bank needs www.nsdc.com
  6. SBA 504 Loan Benefits (cont.) Tax and investment advantages of ownership Other assets remain free of liens Accessible, prompt, personal service from local NSDC staff through application, approval, funding, and servicing the loan www.nsdc.com
  7. NSDC staff will help Meet with the business owner to discuss the program in detail Review the paperwork with borrower Partner directly with bank Understand the project and business Determine eligibility Underwrite the loan and recommend to SBA Prepare loan documents Coordinate funding Service the loan for its lifetime www.nsdc.com
  8. www.nsdc.com Northern Nevada Office 6572 S McCarran Blvd Reno, NV 89509 Phone (775) 770-1240 Toll free 1-800-726-2494 Southern Nevada Office 1551 Desert Crossing Ct Las Vegas, NV 89144 Phone (702) 877-2803 Toll free 1-877-732-7101 www.nsdc.com
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