National Technical Institute
National Technical Institute is a business in Las Vegas, Nevada, classified under the industry Other Technical and Trade Schools. The company was approved for an SBA 504 loan of $1,584,000 from MidFirst Bank with Mountain West Small Business Finance as the certified development company, with approval dated July 3, 2025, to finance real estate or equipment.
SBA 504 loan, approved Jul 3, 2025
$1,584,000 SBA portionCDC: Mountain West Small Business Finance25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $1,584,000
- Bank portion
- $1,925,000
- Estimated project size
- $3,898,889 (estimated)
- Estimated owner equity
- $389,889 (estimated, about 10% of the project)
- Bank lender
- MidFirst Bank, Oklahoma City, OK
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 3, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 4
- Business type
- Corporation
- NAICS
- 611519, Other Technical and Trade Schools
- Project location
- Clark County, NV
- SBA district office
- Nevada District Office
- Congressional district
- NV-1
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Larger than 30% of expansion loans in Other Technical and Trade Schools on this site.
- Average expansion loan in Other Technical and Trade Schools: $2,203,100.
- Average expansion loan in Nevada: $2,098,935.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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