TYPES AND TERMS
- Secured or unsecured
- Equipment financing
- Variable term varies based on type of credit line
PURPOSE
- Working capital
- Finance receivables and inventory
- Run marketing programs
- Fund investments
- Meet short-term cash needs
BENEFITS
- Increase your working capital
- Improve your liquidity
- Save money by only borrowing funds when you need them
REQUIREMENTS FOR LOAN REQUESTS
- A line amount between $5,000 to $50,000
- A term up to 36 months
- The current ownership of the business should be more than 24 months
- The business should not be owned by another business entity
- The business should currently have less than $250,000 in loans with our bank
BEFORE YOU APPLY ONLINE, YOU WILL NEED
- To be an authorized officer of the business
- To be at least 18 years old
- To be a business located in Nevada
- Your Tax Identification Number(s) (SSN / TIN)
- An email address for all individuals with 20% ownership in the business
- The revenue and income information of the business
- The average balance in your business bank account(s)
- The total debt and monthly debt payments for the business
NEED ADDITIONAL HELP?
Which Business Line of Credit is best suited to your financing needs? Speak to a Nevada State Bank representative or schedule an appointment today.
Northern Nevada
Tiffanie Rhodes
775-686-7154
Southern Nevada
Dawn Platt