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Las Vegas Business Loans & SBA Loans

Got questions about financing options for small business owners in Sin City? Learn about available options and which ones might work best for you.


Business loans in Las Vegas made for your business.

When most people think of Las Vegas, the glitz and glamour of the Las Vegas Strip first comes to mind. But Sin City is also a great place to run a business. While tourism is the largest industry in the area, there are many opportunities to succeed in other industries. If you’d like to launch or grow a business in Las Vegas, small business loans are worth exploring. 

Types of business loans in Las Vegas.

Small business loans in Las Vegas can provide you with capital to cover a variety of expenses, such as payroll, marketing, inventory, equipment, commercial real estate, and anything else you need to run smoothly. Some of the most popular types of business financing you may consider include: 

SBA loans

SBA loans are partially guaranteed by the U.S. Small Business Administration (SBA) and issued by lenders like banks, credit unions, and online lenders. The SBA 7(a) is the SBA’s flagship loan and offers up to $5 million in funding with repayment terms of up to 25 years. It’s designed to help with working capital, equipment, and expansion costs. 

Line of credit

A line of credit is a flexible loan that works a lot like a credit card. Once you get approved, you may draw money as you need to and only pay interest on the borrowed amount. As you pay back your loan, you’ll replenish the funds available. If you’re a seasonal business, a line of credit can come in handy. 

Term loan

Most people consider term loans to be traditional loans. With a term loan, you receive a one-time, upfront payment. Then, you repay the funds with interest over a repayment period that usually ranges from one year to ten years. In most cases, term loans require solid credit and sufficient revenue. 

Equipment finance

Equipment loans are exactly what they sound like: loans designed to purchase new or used equipment for your business, such as computers, ovens, and tractors. While some lenders will let you finance 100% of the cost of your equipment, most will only pay for 80% to 90% of it. 

Accounts receivable financing

Accounts receivable financing might make sense if you’re waiting for many customers to pay you. A company can provide you with fast cash in exchange for your unpaid invoices. Initially, you’ll receive a portion of the total invoice balance and collect the remaining amount minus a fee once your customers pay.

Las Vegas business loan options.

Several local organizations provide small business funding resources in Las Vegas.

Clark County Credit Union distributes a variety of small business loans, including commercial real estate loans, construction loans, equipment financing, lines of credit, borrowing base certificates, and letters of credit.

The Bank of Nevada can also support your small business with a number of SBA loans, such as SBA 7(a) loans, SBA 504 loans, and SBA Express loans.

In addition, if you have 50 or fewer employees and a maximum annual revenue of $2 million, you may lock in a term loan between $1,000 and $45,000 from the North Las Vegas Revolving Loan Fund.

Greater Nevada Credit Union helps Las Vegas small businesses apply for and receive SBA 7(a) and SBA 504 loans.

Las Vegas small businesses can receive 1-year to 3-year term loans between $1,000-$45,000 through Access Community Capital’s North Las Vegas Revolving Loan Fund.

BG Capital Funding Group helps Las Vegas small businesses receive several types of funding, including SBA 7(a) and SBA 504 loans.

How to apply for a small business loan.

STEP
1
Fill out the 15-minute online application.

It’s secured with bank-grade encryption and SSL technology, so you know your information is safe.

STEP
2
Receive matches.

See which credit cards you qualify for before choosing the one that best suits your business needs and offers the cash rewards you’re looking for.

STEP
3
Get funded.

Once you choose a card, you can get approved in as little as 7-10 days.

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FAQs about small business loans in Las Vegas.

The Nevada Governor’s Office of Economic Development (GOED) created the Local Emerging Small Business Program. It can help you grow your venture through contracts with state and local government agencies in Nevada. Another useful resource is the Employ NV Business Hub, which offers access to funding, workshops, industry mixers, and hiring events. 


The Business Resource Center on the official Nevada website also features an updated list of small business training and events going on in Las Vegas and other parts of the state. We can’t forget the Vegas Chamber, which hosts a variety of events like the pop-up business showcase and business of the year awards.

  

For an updated list of grant opportunities for small businesses in Las Vegas, check out the Grants and Incentives page on the Nevada website. You’ll find that Nevada offers several incentives like sales tax abatements on the purchase of capital equipment, abatements on personal and modified business taxes, and employee training grants.

 

Compare loan options from multiple funders.

Applying is free and won’t impact your credit.
Talk to a rep at (855) 853-6346
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