Business Loans Nevada

Tourism plays an immense role in the state’s economy. Millions of people from around the world travel to Nevada every year. As a popular travel destination, the hospitality and gaming industry thrive. Hotels, casinos, and other tourism attractions employ nearly 460,000 people making up roughly 27% of the state’s workforce. SMB Compass advises owners and managers throughout the tourism and hospitality industry. Small business loans and hotel business loans in Nevada are crucial to the local economy. Small business loans help with renovations, expansions and other expenses.

While tourism is at the forefront of the local economy, there are many other growing industries. Manufacturing and Logistics industries are a massive part of Nevada’s economy. Centrally located in the western market, the state is situated perfectly for manufacturing and distribution. It is less than a day’s drive from over 40 million consumers and 5 major U.S ports. The logistics and manufacturing industry benefits from major high ways and locations. These B2B businesses in Nevada use asset-based lending and factoring to help fuel their growth.

Equipment financing in Nevada is a crucial resource for businesses. SMB Compass has helped business owners all over the state secure equipment. Equipment financing helps to purchase and finance equipment in the mining, logistics, and manufacturing industries. The mining, logistics, and manufacturing industries all heavily rely on small business loans in Nevada.

Invoice factoring in Nevada has helped grow the logistic and manufacturing industry. The logistic industry has long payment cycles, sometimes as long as 30-90 days. Invoice factoring allows businesses to receive their payment as soon as they invoice. This gives businesses the working capital they need to take on the next project and continue to grow the business. Nevada’s economy is dependent on small business’s providing a wide range of goods and services. Small business loans help these small businesses ensure they can operate effectively and continue to grow.

SMB Compass works with all industries and sizes to securing financing throughout the state. SMB Compass specializes in Nevada to provide equipment financing, asset-based lending, SBA loans, bridge loans, and business lines of credit. Schedule a call with a Lending Advisor today to learn more about the business loan options in Nevada.

Equipment financing in Nevada is a crucial resource for businesses. SMB Compass has helped business owners all over the state secure equipment. Equipment financing helps to purchase and finance equipment in the mining, logistics, and manufacturing industries. The mining, logistics, and manufacturing industries all heavily rely on small business loans in Nevada.