Nevada State Development

What Nevada State Development does

Nevada State Development Corporation (NSDC) is a private non-profit Certified Development Company (CDC) founded in 1981, headquartered in Las Vegas with a regional office in Reno. It is the oldest, largest, and only statewide CDC in Nevada and holds Premier Certified Lender status, the SBA's highest designation. NSDC's core product is the SBA 504 Loan Program, which delivers long-term, fixed-rate financing for small businesses to acquire commercial real estate and major fixed assets under a 50-40-10 structure: a third-party bank provides approximately 50% as a first mortgage, NSDC (as CDC) provides up to 40% as a second mortgage backed by a 100% SBA guarantee, and the borrower contributes 10% down. Loan sizes cap at $5M for standard projects and $5.5M for manufacturers and certain energy-related projects, with 10, 20, or 25-year terms. Supporting technology is limited to operational tooling — a Secure Document Upload Portal for borrower document submission and an SBA 504 Loan Calculator for payment estimation — with no proprietary AI/ML or platform layer beyond standard CDC administration.

NSDC serves nine SMB verticals (healthcare, manufacturing, hospitality, retail, food services, professional services, logistics/warehousing, education/childcare, and energy/sustainability), reaching customers through direct outreach by loan officers, a referral and partnership channel with banks and credit unions (including Western Alliance Bank), community referrals, and a multi-channel content marketing presence spanning website, blog, LinkedIn, Facebook, Twitter/X, YouTube, and Instagram. It operates across Nevada, Mojave County (Arizona), and ten California counties. Revenue is generated through two streams: upfront loan fees associated with SBA 504 origination and ongoing annual servicing fees (0.331% of outstanding balance for standard loans and 0.356% for Debt Refinance Without Expansion in FY 2025) collected for the full 10–25 year life of each loan, creating a recurring revenue base tied to the cumulative portfolio.

The business is led by President Evan Dickson and a team of Vice Presidents across origination, closing, business development, portfolio management, and loan servicing, supported by approximately 11–50 employees. As a non-profit CDC, NSDC does not have external equity holders and does not disclose revenue or financials. Competitive moats derive from its exclusive regulatory standing (sole statewide Nevada CDC with Premier Certified Lender status), deep relationships with third-party lenders, and a long-duration servicing book that creates switching costs for borrowers over the life of each loan.

Name

Nevada State Development

Legal name

Nevada State Development Corporation

Website

https://nsdc.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Nevada State Development Corporation (NSDC) is a non-profit Certified Development Company that administers SBA 504 loans for small businesses across Nevada, Arizona, and California, holding Premier Certified Lender status.

Ownership category

akta.pro rank

Product category

Small Business Commercial Lending

NAICS

Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Mortgage Bankers & Loan Correspondents (6162), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

akta.pro secondary industry

SBA/USDA Government-Backed Loan Intermediation (FSAEAEAI)

Keywords

• SBA 504 loans
• Small business lending
• Commercial real estate financing
• CDC loan programs
• Fixed-rate financing

Headquarters

HQ city

Las Vegas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. SBA 504 Loan Fees: NSDC generates revenue through fees associated with SBA 504 loan processing and servicing, including upfront guaranty fees and annual service fees calculated as a percentage of the outstanding loan balance.
2. Loan Servicing: Ongoing loan servicing fees for the life of SBA 504 loans, with annual service fees of 0.331% for standard loans and 0.356% for Debt Refinance Without Expansion Program (FY 2025).

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels8 records

Core offering

Nevada State Development Corporation (NSDC) is a non-profit Certified Development Company (CDC) that delivers SBA 504 loans to small businesses for the acquisition of commercial real estate and major fixed assets. Financing is structured on a 50-40-10 basis, where partner banks provide the first mortgage (~50%), NSDC provides a SBA-guaranteed second mortgage (up to 40%), and the borrower contributes a 10% (or greater) down payment, with terms of 10, 20, or 25 years at below-market fixed interest rates.

Product overview

Nevada State Development Corporation (NSDC) operates as a Certified Development Company (CDC) offering a single core product: the SBA 504 Loan Program. This government-backed financing program helps small businesses acquire commercial real estate and major fixed assets through a partnership structure involving banks, NSDC as the CDC, and the SBA. The program supports various loan terms (10, 20, or 25 years) with up to 90% financing. Supporting tools include a Secure Document Upload Portal for borrowers and an SBA 504 Loan Calculator for payment estimation. NSDC serves borrowers throughout Nevada, Mojave County Arizona, and multiple California counties.

Differentiator

Problem solved

Functional benefit

Products and services

• SBA 504 Loan Program Long-term, fixed-rate financing for small businesses to acquire owner-occupied commercial real estate, construct or renovate facilities, purchase machinery and equipment, or refinance existing debt, delivered via a 50/40/10 partnership structure with participating banks and the SBA.

Quantifiable outcome

• Most loans close within 45 days
• +3 more outcomes

Named customers3 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core.

• Western Alliance BankcoreChannel Partner/ Reseller/ Distributor · 1 January 2025Western Alliance Bank partnered with NSDC to provide financing for Creative World Children's Academy's $2.33 million SBA 504 project, demonstrating successful collaboration between NSDC and regional banking partners.
• SBA (Small Business Administration)coreGTM or Marketing PartnerNSDC operates as a Certified Development Company (CDC) authorized by the SBA to administer the 504 loan program. The SBA provides a 100% guarantee on the CDC loan portion. NSDC has Premier Certified Lender status, the highest designation from SBA.
• Banks and Credit UnionscoreChannel Partner/ Reseller/ DistributorNSDC works with a wide range of lenders including local community banks, regional institutions, and credit unions. These partners provide the first mortgage portion (50% of project cost) in the SBA 504 structure. NSDC can introduce borrowers to lenders comfortable with 504 structures or work with the borrower's existing banking relationship.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Kiva U.S. Non-profit crowdfunded micro-lending platform supporting U.S. small businesses. Comparable mission focus on SMB credit access, though at smaller ticket sizes and different funding mechanism than SBA 504.
• Northern California Community Loan Fund: Community Development Financial Institution (CDFI) providing small business and real estate financing across Northern California. Adjacent peer serving similar SMB borrowers with complementary (not identical) loan products.

Direct peers

• CDC Small Business Finance: One of the largest Certified Development Companies in the U.S., operating in California with SBA 504 lending across multiple states. Directly comparable as a multi-state, high-volume CDC focused exclusively on SBA 504 program delivery.
• Florida First Capital Finance Corporation: Florida's largest Certified Development Company, administering SBA 504 loans statewide. Operates the same federal program framework with comparable statewide CDC positioning.
• BCL of Texas: Texas-based Certified Development Company administering SBA 504 loans to small businesses. Direct comparable as a non-profit CDC providing SBA 504 origination, processing, and servicing.
• Wisconsin Business Development Finance Corporation: Wisconsin's statewide CDC administering SBA 504 financing. Direct peer offering the same SBA 504 program with comparable long-term fixed-rate structure and bank partnership model.
• Empire State Certified Development Corporation: New York State's largest CDC administering SBA 504 financing. Direct peer operating the same SBA program with similar statewide coverage, lender partnerships, and SMB focus.
• California Statewide Certified Development Corporation: Major California-based CDC administering SBA 504 loans for small businesses. Direct peer operating the same SBA 504 program with a similar origination/servicing model.
• Massachusetts Capital Resource Company: Massachusetts statewide CDC administering SBA 504 loans for small businesses. Direct peer with comparable non-profit structure, statewide coverage model, and SBA 504 origination/servicing focus.

Others

• Western Alliance Bank: Regional bank that participated as a first-lien partner in NSDC's SBA 504 deal with Creative World Children's Academy. Comparable as an institutional SBA lender and partner in the 504 program structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nsdcloans
• YouTubeyoutube.com/channel/UCP-RqJaVUCiig1cr39H1yMw
• Facebookfacebook.com/nsdcloans
• LinkedInlinkedin.com/company/nevada-state-development-corporation
• Instagraminstagram.com/nsdcloans

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nevada State Development