March 27, 2012 Las Vegas, NV
Mendy Elliott with the State of Nevada Small Business Credit Program gave a presentation this morning outlining how the State of Nevada plans to make funding available from a $13.8 million allocation awarded to Nevada from the Federal Government under “The Small Business Jobs Act of 2010”. Ms Elliott described the Program’s design as a collaboration with a number of local resources including UNLV’s Small Business Development Center. The funding has been allocated to Nevada lending institutions with the mandate that they be made available to Nevada business applicants. One of the significant Program elements is the “Collateral Support Program” which is designed to provide a mechanism to fill the equity gap that is evident in Balance Sheets of many Nevada small businesses due to the current challenging economic environment.
FACCGN members are encouraged to apply for funding while the window of opportunity is open. Please contact FACCGN board members for additional information.