Our mission is to facilitate the growth of small businesses and to stimulate economic development by providing lending solutions and advocacy services.
Formed in 1981, Nevada State Development Corporation (NSDC) is a non-profit organization that is authorized by the SBA to underwrite, process, fund, and service loans through the 504 SBA Loan Program. We are the oldest, largest, and only statewide Certified Development Company (CDC) with Premier Certified Lender status in Nevada.
NSDC is also authorized to arrange SBA 504 loans in Mojave County, Arizona and the following counties in California: Modoc Plumas, Lassen, Sierra, Nevada, Placer, El Dorado, Alpine, Mono, Inyo, and San Bernardino. We are dedicated to offering financing solutions that help businesses grow and to providing unsurpassed service to our lending partners.
Nevada State Development Corporation
Are you wondering if your business qualifies as a startup? 🤔 This video from Nevada State Development Corporation breaks down a common question: How long can your business be in operation and still be considered a startup?
According to the Small Business Administration (SBA), a startup is defined as a business that has been in operation for less than two years. But here's the kicker:
✅ The clock starts ticking when your business starts generating income, not when you file paperwork or establish your entity.
👉 Even if your entity was formed 3 years ago, if you just started making money recently, you could still qualify as a startup!
Key Takeaways:
A startup is any business operating for less than two years.
The two-year period starts when your business begins generating income.
The entity creation date doesn’t matter—it’s all about revenue!
📈 Understanding whether you’re a startup is critical for SBA programs and funding opportunities. Watch this video to clarify your business status today!
🔔 Subscribe to NSDC’s channel for more insights on small business financing, SBA loan programs, and expert advice!
📞 Visit NSDC's Website to learn how we help small businesses grow through SBA 504 loans.
1 year ago | [YT] | 0
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Nevada State Development Corporation
Discover how LV Iron & Steel, a leading iron and steel service provider in Las Vegas, transformed their business with the help of the Nevada State Development Corporation (NSDC) and the SBA 504 loan program. Founders Pete and Traci Aguilar share their journey from a small iron shop to a thriving business, highlighting the crucial support from NSDC that enabled them to purchase their property and invest in essential automation. Learn about the positive impact of the SBA 504 loan program on their growth and operational efficiency.
nsdc.com/how-lv-iron-steel-transformed-their-busin…
#SmallBusinessSuccess #SBA504Loan #NSDC #LVironandSteel #BusinessGrowth #LasVegasBusiness #IronAndSteelServices #EconomicDevelopment #CommercialRealEstateLoan
1 year ago (edited) | [YT] | 0
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