Small Business Loans & SBA Loans in Nevada

With a rapidly increasing population, Nevada is a bountiful home to many small businesses, and a business loan can help your company strike it rich!

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Applying is free and won't impact your credit*

Types of Business Loans in Nevada

From the glamor of Las Vegas and Reno to the natural splendor of the rural parts of Nevada, the Silver State is a great place for entrepreneurs. A small business loan can be leveraged to make your company’s mark in Nevada.

SBA loans

SBA loans are business loans that are partially backed by the Small Business Administration (SBA), a federal agency. These loans are serviced by private lenders, but are popular because they generally have good interest rates.

Line of credit

Use a line of credit as a flexible form of financing. Unlike with a loan, this option does not involve a big disbursement upfront that you must repay, providing a flexibility that better fits many entrepreneurs’ needs.

Term loan

Term loans are common small business loans in which you would apply for a large disbursement of capital and then repays it over several years, along with fixed or variable interest.

Equipment finance

With equipment financing, you receive a piece of equipment and then pay off the cost of the equipment in installments. This way, your business can make money off the equipment immediately, even if you don’t have the funds to buy it at the sticker price.

Accounts receivable financing

Accounts receivable financing is an alternative form of business financing in which your unpaid invoices serve as collateral for a lump disbursement of funds.

Local Business Loan Options in Nevada

Several local organizations provide small business funding resources in Nevada.

The Nevada Business Opportunity Fund is a great state-run fund that provides loans for both start-ups and existing businesses.

The state government offers the Collateral Support Program specifically for Nevada small businesses, to provide companies with funds if they face a cash flow shortfall.

Nevada State Bank also has an extensive list of commercial loan possibilities.

Greater Nevada Credit Union offers multiple loan options to small businesses in the state, including business lines of credit, SBA 7(a), SBA 504 loans.

For small businesses looking for a bank with multiple loan options, Bank of Nevada offers conventional loans, lines of credit, SBA 7(a) loans, SBA 504 loans, and more.

America First Credit Union offers a variety of low-rate and flexible business loans including business lines of credit, equipment loans, and more to small businesses in Nevada.

Four simple steps to funding.

Tell us about your business.

Answer a few simple questions and complete the application in minutes.

Submit your application.

We’ll present your application to our marketplace 75+ lenders. Applying is free and won’t impact your credit score.

Compare offers.

Find the funding option with the terms that best fit your small business goals.

Get funded.

Once you accept, funding can hit your bank account in as little as 24 hours.

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FAQs

What other resources are available to Nevada small businesses?

To get your business started in Nevada, you should first check out SilverFlume, the state’s official business portal. By providing mentorships and networking, the Nevada Inventors Association is a fantastic organization for innovators of all sorts in the Silver State. For small businesses in all rural areas of Nevada, the Rural Nevada Development Corporation (RNDC) is a non-profit that can help answer your questions and connect you with resources.

What Nevada small business grants are available?

The state government maintains a rolling list of grants for Nevada small businesses from both national, state, and municipal sources. USGrants.org is always a great resource for finding grant opportunities, especially for Nevada businesses focused on tourism and environmental science. The Local Initiatives Support Corporation provides grants to businesses operating in rural Nevada.

What do I need to qualify for a loan in Nevada?

To obtain a business loan in Nevada, you must first decide on a corporate structure (like a corporation or LLC) and check to see if you need to register this entity with the Nevada Secretary of State. Additionally, all Nevada businesses must have a business license from the state, and you might need other permits to operate as well. After your company is legitimate, you can apply for business loans. Generally, lenders will consider your business plans, your company’s financial history, and your credit score in making application decisions.

Which loan is right for my Nevada business?

The right loan for your Nevada small business is the option that will allow your company to grow the most while staying on top of monthly repayments. Fortunately, you can check out your borrowing possibilities for free with Lendio’s online platform.

How can a Nevada business loan help my business?

Because Nevada’s population is rising so rapidly, you want your business to be able to meet the demand of all these potential customers. Small business financing can help you improve your marketing, hire top talent, and open new Nevada locations.

What is an SBA preferred lender?

An SBA preferred lender is a lender that’s been approved by the Small Business Administration to administer SBA loans without any additional approvals from the SBA. Typically these lenders have years of experience and can approve SBA loans faster than non-preferred lenders.

What are the benefits of an SBA loan?

SBA loans are backed by the government and offer lower interest rates than other types of small business loans. They typically require a minimum time in business of two years and a credit score of 650+.

Ready for funding?

See what you can qualify for on the Lendio Marketplace.

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