"Discover what our team can do for you."
What Are We?

New Ventures Capital Development Company (NVCDC) is a firm certified by the Small Business Administration (SBA)  to make loans to businesses located in the State of Nevada, for the acquisition of capital assets. This is to include the purchase of Land and the construction of a building, the purchase of an existing building and the purchase of capital equipment with a life of more than 10 years. 

In 1983 NVCDC was established for the purpose of assisting Clark County businesses with the acquisition of expansion capital by combining public and private sector resources. NVCDC provides loan development and packaging for SBA 504, SBA 7A and conventional financing.

New Ventures Board of Directors have over 125 years of combined experience in business, banking, management, finance and consulting. NVCDC is one of 270 firms certified to make loans under the 504 program having arranged over $350 million in financing under the program. More than 5,000 clients have been served since our inception into the program. 


The Associates
Ernest M. Fountain
Chief Consultant

Typical Loan Structure
Source                                              Amount
Private Sector - 1st Mtg.                                50%
SBA 504 - 2nd Mtg. Debenture                     40%
Small Business Equity                                   10%
Fees
NVCDC may receive two fees for participating in a project:
  • One-time Processing Fee on the debenture amount 
  • Annual Servicing Fee on the declining loan balance

The SBA Central Fiscal Agent will collect these fees from the small business: 
  • One-time Funding Fee
  • One-time Underwriting Fee
  • Annual Servicing  Fee on the declining balance

The SBA imposes no restrictions on the first mortgage lender's fee other than requiring the fees to be "legal" and reasonable. 
Mr. Fountain is the co-founder of NVCDC along with is mentor Dr. William H. "Bob" Bailey who had an established history of fighting for the economic and civil rights of Black America. Mr. Fountain began his banking career with Valley Bank of Nevada in 1976 which was the only bank in the state of Nevada that made Small Business Administration loans under the 7(a) guaranteed loan program. After 5 years in banking and becoming the only black lending officer at any bank in Nevada he started his own consulting business and met his mentor in 1981. He became the Project Director for the Nevada Economic Development Company (NEDCO)that was funded by the Minority Business Development Agency. NVCDC then operated the same center from 2007 through 2016. NVCDC was formed in 1983 as a tool to provide capital to minority businesses in the state of Nevada. After leaving NEDCO in 1989 Mr. Fountain has been responsible for the day-to-day operations of NVCDC; with over 41 years of hands-on experience in banking, finance, marketing, accounting and procurement. He is the former President ad founder of Enterprise Community Federal Credit Union and owner of the first black Texaco convenience store in Las Vegas. He has set on many boards dealing with economics, finance and procurement. He's a former real estate and insurance agent. Mr. Fountain has a Masters, Bachelors and Associates in business, banking and finance. 
Christopher "Chris" Gutcher
Commercial Loan Officer
Mr. Gutcher is the Financial Analyst and has been with the firm for 10 years, he has 4 years experience in the residential mortgage field. He has been a commercial loan officer analyzing and packaging loan requests for both 504 and 7(a) loans. He is directly involved in business plan development, market research, preparation of projections, franchise development and has been the conference workshop coordinator for the last 5 years. Mr. Gutcher has attended training with Tuck School of Business at Dartmouth and the Minority Business Development Agency (MBDA).  
What is a Certified Development Company?
The United States Congress created the Section 504 Certified Development Company Loan Program in 1980 by amending Title V of the Small Business Investment Act of 1958. SBA 504 loans are available for fixed asset purchases only. The financing legally is passed to the small business concern through a conduit known as a Certified Development Company (CDC). New Ventures CDC is a SBA Certified Development Company.  
Halisha Fountain
Operations Manager 
Ms. Fountain is the Operations Manager and has been with the firm for 17 years and is the former Closing Officer responsible for working directly with NVCDC's  closing attorney, the SBA's closing attorney, the bank, the title company and the borrower to insure that the loan is closed and funded in accordance to the written approval. She is responsible for inputting al client information into the LMS system, as well as maintaining the current computer networking system. Ms.  Fountain maintains all client files and is trained to package and maintain files for SBA audits. She has taken classes in both real estate and business while attending the College of Southern Nevada and the university of Phoenix, along with attending training with the National Association of Development Companies  (NADCO) and the Minority Business Development Agency (MBDA). 
Today's Rate
20yr. Debenture: 4.553%
10yr. Debenture: 4.333%
3311 S. RAINBOW BLVD. STE. 144, LAS VEGAS, NV 89147 
TEL: 702/444-7329
Marcia Washington
Executive Administrator
Mrs. Washington is the former Nevada State Board of Education Representative and Clark County School District Administrator for over 25 years. She attended the University of Nevada at Las Vegas majoring in Education. She has been affiliated with NVCDC for the last 33 years as a stock holder and Administrator. She has been affiliated with NAACP for 20 year and the Martin Luther King Committee as Vice President and Banquet Chair Woman. She is currently the secretary and treasurer of the Black Business Council of Nevada.