Las Vegas Business Loans & SBA Loans
Got questions about financing options for small business owners in Sin City? Learn about available options and which ones might work best for you.
Types of business loans in Las Vegas.
Small business loans in Las Vegas can provide you with capital to cover a variety of expenses, such as payroll, marketing, inventory, equipment, commercial real estate, and anything else you need to run smoothly. Some of the most popular types of business financing you may consider include:
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.
Las Vegas business loan options.
Several local organizations provide small business funding resources in Las Vegas.
Clark County Credit Union distributes a variety of small business loans, including commercial real estate loans, construction loans, equipment financing, lines of credit, borrowing base certificates, and letters of credit.
The Bank of Nevada can also support your small business with a number of SBA loans, such as SBA 7(a) loans, SBA 504 loans, and SBA Express loans.
In addition, if you have 50 or fewer employees and a maximum annual revenue of $2 million, you may lock in a term loan between $1,000 and $45,000 from the North Las Vegas Revolving Loan Fund.
Greater Nevada Credit Union helps Las Vegas small businesses apply for and receive SBA 7(a) and SBA 504 loans.
Las Vegas small businesses can receive 1-year to 3-year term loans between $1,000-$45,000 through Access Community Capital’s North Las Vegas Revolving Loan Fund.
BG Capital Funding Group helps Las Vegas small businesses receive several types of funding, including SBA 7(a) and SBA 504 loans.
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.
FAQs
The Nevada Governor’s Office of Economic Development (GOED) created the Local Emerging Small Business Program. It can help you grow your venture through contracts with state and local government agencies in Nevada. Another useful resource is the Employ NV Business Hub, which offers access to funding, workshops, industry mixers, and hiring events.
The Business Resource Center on the official Nevada website also features an updated list of small business training and events going on in Las Vegas and other parts of the state. We can’t forget the Vegas Chamber, which hosts a variety of events like the pop-up business showcase and business of the year awards.
For an updated list of grant opportunities for small businesses in Las Vegas, check out the Grants and Incentives page on the Nevada website. You’ll find that Nevada offers several incentives like sales tax abatements on the purchase of capital equipment, abatements on personal and modified business taxes, and employee training grants.
Ready for funding?
See what you can qualify for on the Lendio Marketplace.