Understanding SBA 504 Loans: An Overview for Small Business Owners

Clark County Credit Union • February 15, 2024

This article is written by Chris Schlaffman, VP of Commercial Lending, Clark County Credit Union.

SBA 504 loans are a popular option for small business owners who are looking to purchase real estate or equipment. These types of loans are offered by the U.S. Small Business Administration or SBA for small businesses and offered through approved Certified Development Companies (CDC). CCCU has extensive relationships with all the major CDCs and can assist you through the process in order to obtain the financing you need to grow your company.

What Are the Benefits of an SBA 504 Loan?

Down payment as low as 10% - Providing more working capital.
Repayment terms range from 10 to 25 years- Providing flexibility for cash flow.
Rates are fixed – Allowing you to create a budget that doesn’t fluctuate.

Overall, the SBA 504 loans are designed for small businesses to obtain the funding they need to grow and expand their small businesses while preserving their working capital.

How To Qualify for an SBA 504 Loan?

Aside from having a good credit score, a solid business plan and sufficient collateral, you need to meet SBA’s loan requirements. Your small business must be a for-profit business operating in the U.S., have a tangible net worth of less than $15 million and have an average net income of less than $5 million after taxes for two years of operating.

The application process for an SBA 504 loan can be lengthy and complex, but the benefits of securing an SBA loan can be significant, including low-interest rates, longer repayment terms, and access to larger amounts of capital.

At CCCU, the commercial team specializes in SBA 504 loans for local small businesses in Las Vegas, North Las Vegas and Henderson. To get started with your SBA 504 loans, contact Chris Schlaffman, VP of Commercial Lending at Clark County Credit Union, at schlaffmanc@ccculv.com or visit www.CCCULV.org.

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How to Apply for a Business Loan in Southern Nevada

By Clark County Credit Union • October 13, 2025

Quick Answer To get a business loan in Southern Nevada, prepare strong financial documents, maintain good credit, and present a solid business plan. CCCU shares a step-by-step guide to help business owners navigate the business loan application process in Southern Nevada. Securing a business loan in Las Vegas can be a game-changer for business owners looking to grow or expand their operations. Whether you’re purchasing equipment or buying a building, understanding how to apply for a business loan is key to securing the funding you need. Step 1: Check Your Credit Score Lenders assess your personal and business credit to determine your reliability. A strong credit score (typically 680 or higher) improves approval odds and can secure better loan terms and lower interest rates. Check out Nerd Wallet’s article to learn how to get and build a business credit score . Step 2: Prepare Financial Documents Having well-organized financial records is essential when applying for a business loan. Before meeting with a lender, prepare necessary documents to demonstrate financial stability and ensure a smooth approval process. Tax returns (personal & business) Profit & loss statements Balance sheets Bank statements Step 3: Develop a Solid Business Plan A clear, well-structured business plan helps lenders understand how you will use the funds and repay the loan. A strong plan improves your chances of approval and should include: Revenue projections Growth strategy Market analysis The Small Business Administration also shares important tips on how to write a business plan . Step 4: Determine the Right Loan Type Understanding which loan best fits your business needs can simplify and focus the application process. Common business loan options include: Term Loans – Best for large, one-time expenses. Lines of Credit – Ideal for managing short-term cash flow. SBA Loans – Government-backed loans with lower interest rates. Step 5: Work with a Trusted Lender CCCU has an experienced commercial lending team that has helped many Las Vegas business owners secure the funding they need to grow. A longtime CCCU member and business owner, Ben C., an Internal Medicine Physician with Calderon Medical Group said, “Daniel R. and Rosy N., along with the whole team, continue to patiently guide us every step of the way. CCCU has been instrumental in our growth and expansion of services. They have afforded us not only the necessary funds but also the peace of mind that someone is here to support our needs.” Conclusion Applying for a business loan in Southern Nevada requires preparation, strong financial documents, maintaining a good credit history, and working with a lender that understands your business goals. If you’re ready to take your business to the next level, CCCU can help guide you through the process. Contact our commercial team to explore your financing options. Visit www.CCCULV.org or call 702-228-2228 to learn more.