The 504 loan is structured so a bank loans 50% of the total project; then a Certified Development Company (CDC) issues a second loan for 40% of the total project. The borrower contributes 10%. You can ask your bank to fund the 50% or the CDC can find a lender.
CDCs that loan in your area include:New Ventures Capital Development Company
626 South 9th Street
Las Vegas, NV 89101
702-382-9522
Area of Operation: Clark County
www.newventurescdc.com Nevada State Development Corporation
6572 South McCarran Blvd.
Reno, NV 89509
775-826-6172
1-800-726-2494
Area of Operation: Statewide
www.nsdc-loans.com Southern Nevada Certified Development
2770 South Maryland Parkway, Suite 216
Las Vegas, NV 89109
702-732-3998
Area of Operation: Mineral, Esmeralda, Nye, Lincoln, Lyon, Douglas, White Pine, and Clark Counties Small Business Finance
2910 Camelback Rd., Suite 185
Phoenix, AZ 85016
(800) 611-5170
www.cdcloans.com Mountain West Small Business Finance
3281 North Decatur Boulevard Suite 280
Las Vegas, NV 89130
(702) 396-5544
http://www.mwsbf.com