Areas Served: Statewide Nevada
The Community Reinvestment Fund (CRF), an alternative financing source for applicants in Nevada who don’t meet all of the qualifying criteria for an SBA 504 loan but who would benefit from a similar loan structure.
A typical purchase would be structured as follows: – Bank loan 50% – CRF loan 40% – Borrower equity 10% Use of Funds CRF loans can be used for the purchase, construction or improvement of owner occupied commercial real estate or for the purchase of equipment for business use.
Term The maximum term is 20 years for real estate; for equipment the maximum is 10 years.
Loan Amount The minimum CRF loan is $50,000; the maximum is $1,000,000
Contact InformationNevada State Development Corporation
Address: 1551 Desert Crossing Ct. Suite 100
City: Las Vegas
State: Nevada
Website:
http://www.nsdc-loans.com/index.php?page=crf_loan_program
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