NFIB is hosting a presentation that could provide small businesses with capital
The Nevada Governor’s Office of Economic Development has a program NFIB is encouraging its members to acquaint themselves with.
It’s called the Battle Born Growth Microloan Program, and on Tuesday, March 26, from 10 a.m. and 11 a.m., NFIB is hosting a free webinar on what the program contains. Register for it here.
In the meantime, this handy brochure put out the economic development office has more information about:
- Working capital loans up to $250,000
- There are no origination fees, and no upfront collateral is required to apply – however, a blanket lien will be taken on business assets to secure a working capital loan of up to $250,000, and in certain circumstances program lenders may require additional collateral
- 36, 48, 60 and 72 month repayment terms depending on loan size
- Fixed loan rates on closing
- WSJ Prime + 1-4% rates depending on loan length
- Loans can be spent on: equipment, payroll, utilities and rent, inventory and supplies, marketing and advertising, building renovations and tenant improvements, and other expense
