Five counties are eligible for federal assistance
Gov. Steve Sisolak applied for a Small Business Association Economic Injury Disaster Loan Declaration. This loan will be offered by the U.S. Small Business Association to designated states and will provide low-interest federal disaster loans to small businesses suffering economic injury as a result of the coronavirus.
SBA’s Economic Injury Disaster Loans offer up to $2 million in assistance to pay fixed debts, payroll, accounts payable, and other bills that cannot be paid because of the disaster’s impact. The interest rate for small businesses is 3.75% and for non-profits is 2.75%. These loans have long-term repayment options in order to keep payments affordable, with a maximum of up to 30 years. Repayment terms are determined on a case-by-case basis, based upon each borrower’s ability to repay.
Since this application has been approved, small-business owners in the counties below will have access to the loans. To determine eligibility and apply, please visit https://disasterloan.sba.gov/ela/.
The following counties have been approved to receive disaster loan assistance:
NFIB will continue to pass information along to Nevada small businesses as it becomes available. Please do not hesitate to reach out to State Director Randi Thompson at [email protected]