Community Business Resource Center (800) 337-4590 116 E. 7th Street, Suite 3 Carson City, NV 89701 Phone: (775) 841-1420 Fax: (775) 841-2221 The Community Business Resource Center (CBRC) assists individuals, for-profit businesses, non-profit organizations and local governments in developing and diversifying the range of economic opportunities available within their communities. CBRC enables other nonprofit organizations to collaborate and co-locate in one place and operate their business assistance programs. This allows for easier access by those needing business assistance while at the same time creating efficiencies. Programs currently affiliated with CBRC include the Nevada Revolving Loan Fund, USDA –Intermediary Re-lending (RNDC), Nevada Development Capital Corporation, and the Nevada Micro Enterprise Initiative. Nevada Development Capital Corporation Nevada State Development Corp. 6572 S. McCarran Blvd. Reno, NV 89509 Phone: (775) 826-6172 Fax: (775) 826-6398 4800 Alpine Place, Suite 17 Las Vegas, NV 89107 Phone: (702) 877-9111 Fax: (702) 877-2803 For rural areas: Community Business Resource Center (800) 337-4590 116 E. 7th Street, Suite 3 Carson City, NV 89701 Phone: (775) 841-1420 Fax: (775) 841-2221 The Nevada Development Capital Corporation (NDCC) is a private development fund designed to finance growth opportunities for Nevada businesses. NDCC currently has more than $3 million in investments from leading Nevada banks, utilities, mining companies, and other firms. The mission of NDCC is to provide flexible financing to small, sound Nevada businesses which do not qualify for conventional financing and also to provide financial products to these growing companies in ways which add further security to commercial lenders. Nevada Industrial Development Revenue Bond Program (IDRB) Nevada Department of Business & Industry Office of Business Finance & Planning 788 Fairview Lane Carson City, NV 89701 Phone: (775) 688-1790 Fax: (775) 688-1791 The IDRB is a special type of loan to qualified manufacturers who are buying land, building new facilities (or refurbishing existing buildings) and purchasing new equipment. While the bonds are issued through a political body they are funded from private sources of capital. Private investors buy the bonds to earn tax-exempt interest. Neither the loan nor the bond is backed by the moral or general obligation of the state. Nevada Micro Enterprise Initiative Micro Enterprise Loan Fund 116 E. 7th Street, Suite 3 Carson City, NV 89701 Phone: (775) 841-1420 Fax: (775) 841-2221 1600 E. Desert Inn, Suite 209 Las Vegas, NV 89109 Phone: (702) 734-3555 Fax: (702) 734-3530 The Micro Enterprise Loan Fund is administered by Nevada Micro Enterprise Initiative (formerly Nevada Self Employment Trust) in collaboration with the Community Business Resource Center (CBRC). NMI's mission is to enhance the economic self-sufficiency of women and men by developing their entrepreneurial skills through training and technical assistance (see business assistance) and access to credit. Start-up businesses are eligible for loan amounts of $100 to $7,500, while existing businesses are eligible for up to $25,000 Nevada Revolving Loan Fund Community Business Resource Center (800) 337-4590 116 E. 7th Street, Suite 3 Carson City, NV 89701 Phone: (775) 841-1420 Fax: (775) 841-2221 Nevada Commission on Economic Development (800) 336-1600 108 E. Proctor Street Carson City, NV 89701 Phone: (775) 687-4325 Fax: (775) 687-4450 The Nevada Revolving Loan Fund (NRLF) was created to assist "for profit" businesses in need of "gap" financing to complete their business projects. The primary objective of NRLF is job creation for persons from low to moderate-income households in rural Nevada. NRLF is an Economic Development "set aside" from the State of Nevada's Community Development Block Grant program funded by the U.S. Department of Housing and Urban Development. NRLF businesses must agree to provide jobs to persons from low-income households and must document the hiring or retention of such persons. A majority of the new jobs created must go to or be made available, on a first consideration for hiring basis, to low income persons. An applicant's low-income status is determined by U.S. Labor statistics for Nevada and provided to the borrower and local government by CED. Rural Nevada Development Corporation Community Business Resource Center (800) 337-4590 116 E. 7th Street, Suite 3 Carson City, NV 89701 Phone: (775) 841-1420 Fax: (775) 841-2221 The Rural Nevada Development Corporation (RNDC) is a business finance and community development agency established to provide business loans, business assistance and housing rehabilitation services. RNDC is certified as a Community Development Finance Institution (CDFI). RNDC will lend to rural small businesses in need of expansion or start up financing. Funds are targeted for financing the expansion of existing, non-retail rural businesses, however, start up businesses may also be considered. RNDC also administers a USDA-Intermediary Relending Program. Small Business Administration 300 Las Vegas Boulevard South, Suite 1100 Las Vegas, NV 89101 Phone: (702) 388-6611 Fax: (702) 388-6469 University of Nevada – Reno SBA/NEVADA SBDC/032 Ansari Business Building, Rm. 411 Reno, NV 89557 Phone: (775) 784-1717 Fax: (775) 784-4337 The 7(a) Loan Guaranty Program is one of SBA's primary programs. Small businesses secure financing on reasonable terms through normal lending channels. The program operates through private-sector lenders that provide loans that are, in turn, guaranteed by the SBA -- the Agency has no funds for direct lending or grants. The Microloan Program works through intermediaries to provide small loans from as little as $100 up to $25,000. The Certified Development Company (504 Loan) Program makes long term loans available for purchasing land, buildings, and machinery and equipment, and for building, modernizing or renovating existing facilities and sites. Southern Nevada Enterprise Community Loan Program Clark County Community Resources Division 500 S. Grand Central Pkwy, 5th Floor Las Vegas, NV 89155 Phone: (702) 455-5025 Fax: (702) 455-5038 On December 21, 1994, President Clinton designated nine census tracts in the urban core of the Las Vegas valley as an "Enterprise Community." In conjunction with this announcement, Enterprise Community moneys were allocated for a Loan Guarantee Program to be used as a guarantee fund for loans to small businesses in the Enterprise Community area. Loans are available for a variety of purposes with loan sizes of $5,000 to $100,000. As part of the eligibility requirements businesses must be located within the designated Enterprise Community census tracts. United States Department of Agriculture (USDA) – Rural Development 1390 South Curry Street Carson City, NV 89703 Phone: (775) 887-1222 Fax: (775) 885-0841 TDD (775) 885-0633 The USDA-Rural Development program offers guarantees for loans made to businesses and industries in communities with a population of up to 50,000. Benefits to businesses can include higher loan amounts, lower equity injection, and better interest rate and/or longer terms. |
