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!


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

A Small Business Administration (SBA) loan is a business loan that is partially guaranteed by the federal government, but offered through private lenders. This often gives SBA loans lower interest rates.

Line of Credit

With a line of credit, your business can make needed purchases on credit and then repay the balance later. Unlike with a traditional loan, you pay only for what you’ve spent.

Term Loan

A term loan is a type of business loan where a lender provides you a lump disbursement that you repay, plus interest, in monthly installments over years.

Equipment Finance

Equipment financing is an option where you can start using needed business equipment ASAP and then repay a lender the cost of the equipment over time, plus interest.

Accounts Receivable Financing

If you have many unpaid invoices, you can receive a business loan based on what’s owed to you by applying for accounts receivable financing.

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.

How to apply for a small business loan

STEP
1
Fill out the 15-minute online application.

It’s secured with bank-grade encryption and SSL technology, so you know your information is safe.

STEP
2
Receive matches.

See which credit cards you qualify for before choosing the one that best suits your business needs and offers the cash rewards you’re looking for.

STEP
3
Get funded.

Once you choose a card, you can get approved in as little as 7-10 days.

Apply Now
Trustpilot

FAQ about Small Business Loans in Nevada

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.

  

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.

 

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.

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.

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.

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.

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+.

Quickly compare financing options from multiple funders.

Applying is free and won’t impact your credit

Talk to a rep at (855) 853-6346
Mon-Fri 7:30am-5pm MST