Nevada State Development Corporation
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Nevada State Development Corporation · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541519 | Other Computer Related Services | 2 | $400K | $200K | 33.3% |
| 325412 | Pharmaceutical Preparation Manufacturing | 1 | $67K | $67K | 16.7% |
| 484210 | Used Household and Office Goods Moving | 1 | $40K | $40K | 16.7% |
| 713990 | All Other Amusement and Recreation Industries | 1 | $103K | $103K | 16.7% |
Geographic Distribution
SBA lending activity for Nevada State Development Corporation by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 5 | $610K | 83.3% |
| Vermont (VT) | 1 | $50K | 16.7% |
Why Choose Nevada State Development Corporation?
Based on SBA 7(a) lending track record from 2013-2017
- ✓Proven Track Record: 6 SBA loans approved, totaling $660K in financing
- ✓Industry Expertise: Specialized focus on Other Computer Related Services, Pharmaceutical Preparation Manufacturing, Used Household and Office Goods Moving
- ✓Competitive Terms: Average interest rate of 7.17% with flexible term lengths averaging 106 months
- ✓Loan Range: Loan sizes from $40K to $250K, with an average of $110K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NH, VT
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Nevada State Development Corporation SBA lending
What types of businesses does Nevada State Development Corporation typically finance?
Nevada State Development Corporation specializes in SBA 7(a) lending to specific industries including other computer related services, pharmaceutical preparation manufacturing, used household and office goods moving, all other amusement and recreation industries. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Nevada State Development Corporation's typical SBA loan terms?
Nevada State Development Corporation's SBA 7(a) loans typically feature an average interest rate of 7.17% and average term length of 106 months (approximately 9 years). Loan sizes range from $40K to $250K, with an average loan size of $110K.
Do I need a business valuation for a Nevada State Development Corporation SBA loan?
Yes, Nevada State Development Corporation typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Nevada State Development Corporation compare to other SBA lenders?
Nevada State Development Corporation has originated 6 SBA loans totaling $660K since 2013. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Nevada State Development Corporation lend in?
Nevada State Development Corporation provides SBA 7(a) financing with particularly strong presence in NH, VT. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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