Lending

RENO, Nev. — With the Small Business Administration resuming their Paycheck Protection Program earlier this week, and other organizations such as Prestamos CDFI joining in to offer other forgivable loan programs, University of Nevada, Reno Extension will offer free online town halls with representatives from these organizations and other lenders, as well as Extension experts, explaining eligibility, the application process and other details on the assistance programs.

Last year presented some of the greatest challenges Carson City small business owners have faced. Unfortunately, there has been a disproportionate effect on diverse-owned businesses, including those owned by Black and African American entrepreneurs.

CARSON CITY, Nev. — Greater Commercial Lending (GCL), a wholly-owned subsidiary of Greater Nevada Credit Union (GNCU), announces the opening of its online application for the second round of Paycheck Protection Program (PPP) on Wednesday, January 13, 2021 at noon PST for both first-time and second-draw applications.

As the new year kicks off and another COVID-19 stimulus package has been passed, University of Nevada, Reno Extension will offer free online town halls and webinars next week and the following week to provide small businesses owners with details on the stimulus package, as well as guidance on marketing and taxes. Discussion on the new stimulus package will include improvements to the Small Business Administration's Paycheck Protection Program, as well as emergency enhancements being made to related lending programs.

Stroudwater Associates, the nation’s leading source of strategic, operational, and financial strategy for rural, community and county-district owned hospitals, announced today a joint venture with Greater Commercial Lending (GCL), a wholly-owned subsidiary of Greater Nevada Credit Union, recognized as one of the nation’s leading USDA lenders, to help rural healthcare businesses access USDA guaranteed loans. The new partnership will be known as StroudwaterGCL Rural Healthcare Capital.

Greater Nevada Credit Union, a Carson City-based credit union serving northern Nevada, contributes $25,000 as the first corporate sponsor and financial institution to the Audacity Fund Reno, which provides funding, education and support to local business owners from underserved populations.

Chase will open its first Carson City branch bank Tuesday on South Carson Street and Eagle Station as part of its northern Nevada expansion, making it the 10th location in the region.

CARSON CITY — To assist with disaster relief during this devastating fire season, Greater Nevada Credit Union has donated $30,000 to three different credit unions coordinating relief efforts in California and Oregon. Rogue Credit Union Foundation in Medford, Ore.; Redwood Credit Union Community Fund in Santa Rosa, Calif.; and Sierra Central Credit Union in Yuba City, Calif. will each receive $10,000 to assist with ongoing relief efforts.

The first USDA Business and Industry CARES Act loan, intended to protect America’s small farms and businesses amidst the COVID-19 pandemic, went to an aquaculture farm in Iowa and was brokered by Carson City-based Greater Commercial Lending (GCL). These CARES Act loans provide working capital to help rural businesses prevent, prepare for or respond to the effects of the coronavirus pandemic.

If the last recession was any indication, small businesses that bank with a community bank will weather this recession better than entrepreneurs that bank big.

Laws implementing a wide range of criminal justice reforms, establishing a state board responsible for regulating marijuana and creating a payday loan database finally take effect Wednesday, more than a year after the 2019 legislative session ended.

Greater Nevada Credit Union has awarded 31 Nevada students with scholarships to continue their academic pursuits through the GNCU Scholarship Program. $22,000 went to eleven students from the Carson City area.

RENO — During the COVID-19 crisis, small-business owners need additional support and guidance, as well as opportunities to talk with other small-business owners. University of Nevada, Reno Extension is offering virtual question-and-answer “Coping With COVID-19 Town Halls” for small businesses every Wednesday, and webinars on specific topics for small businesses every Friday.

Greater Commercial Lending (GCL) continues to accept applications for the Paycheck Protection Program (PPP), authorized by the U.S. Small Business Administration (SBA) as a result of the recently enacted Coronavirus Aid, Relief and Economic Security Act (CARES Act). The company is one of the earliest business lenders to fully adopt the PPP in the State of Nevada since opening applications on Friday, April 3. By mid-day on Monday, April 6, over 400 Nevada businesses had submitted applications to GCL.

CARSON CITY, Nev. — Greater Commercial Lending (GCL) continues to accept applications for the Paycheck Protection Program (PPP) that was ...

In response to the COVID-19 pandemic that continues to threaten local economies across the country, the U.S. Small Business Administration has increased efforts to alleviate the hardship experienced by small businesses.

The Nevada Department of Business and Industry has launched a central repository for questions, concerns and notices related to the COVID-19 outbreak in relation the state's business and finance related agencies.

SBA Administrator Jovita Carranza issued the following statement today in response to the President’s address to the nation:

For over six decades, the Carson City Nugget has fed the community a free Thanksgiving Feast. Turkey, stuffing, mashed potatoes, gravy, pie, and more are all served up by local volunteers including those from FISH, the Carson City Board of Supervisors, the Carson City Sheriff’s Office, and dozens of cheerful community members lending a helping hand.

I would like to express mine and Karen’s immense gratitude for the years and love our community, friends, staff and family have shown through our various endeavors — Cafe at Adele’s, political runs and support of an array of non-profits.

CARSON CITY — Northern Nevada Development Authority announced the winners Thursday of its annual Pioneer Awards. Winners will be honored and celebrated during the 5th Annual NNDA Pioneer Awards and Gala being held on Nov. 7, 2019.

Nevada-based contracting firm CORE Construction is expanding its influence in the Reno community with updates to key staff and impactful projects.

The firm announced the promotion of Travis Coombs to Vice President of their Northern Nevada operations. Since entering the construction industry in 2001, he has established trusting relationships with design partners, building partners and clients. Coombs joined CORE in 2013 and has served in several departments. In his new role, he will now lead business strategy and development Northern Nevada.

A fundraiser is being held for local Carson City man John "JT" Tomaroy, who was involved in a head-on collision while coming home from Las Vegas, and he is now in critical condition at Renown.

A "Show and Shine" fundraiser will be held to raise funds for JT and his family on Sunday, July 28 from 10 a.m. to 3 p.m. in the Seeley Loop of Mills Park, located at 1111 East Williams Street.

There will be raffles, food and music and awards for the top five. Registration is $20, and all proceeds will be given to the family.

More than 300 Special Olympics athletes from across the state will converge this weekend in Reno for the annual Special Olympics Nevada (SONV) Summer Games. The torch was carried through Carson City Friday on its way to the games.

Carson City personnel and officials gathered Wednesday to celebrate the career and birthday of K-9 Officer Tarzan. Staff of the Carson City Human Resources department organized Tarzan's celebration of service.

With home prices rising in many areas of the country, many people are worried that we’re headed for a housing crash like the one we suffered in 2008.

But here’s the thing: it’s just not true. While it’s understandable that people would look at the current market, consider it a “housing bubble,” and assume it’s going to pop, the truth of the matter is the market today couldn’t be any more different than they were before the crash of 2008.

Let’s look at four reasons why we’re not headed for another housing crash:

1. Banks have tightened their lending practices

Greater Nevada Credit Union (GNCU) has partnered once again with the Reno Aces and Reno 1868 FC to help provide toys for the holidays to charitable organizations in Carson City.

This Saturday, Dec. 15, marks the annual Cookies with Santa celebration in Carson City at Cafe at Adele’s, offering Christmas cheer to all who attend and providing gifts for children in need. The joy-filled event takes place from 11 a.m. to 2 p.m., with cookies, cocoa and cider served, and Santa on hand to hear last-minute gift wishes.

Last month the Douglas County Sheriff’s Office visited a senior citizen for a Caring Neighbors referral. Caring Neighbors is a new program administered by DCSO, where qualified and uniformed volunteers call and visit the seniors in our community.

Dawnyel Ray has been named the new Branch Manager of Greater Nevada Credit Union’s (GNCU) Dayton Branch located at 555 U.S. Highway 50 East, Dayton.

Ray joins GNCU with more than seven years of banking experience, including previous roles as an assistant branch manager and a personal banker. She also has six years of management experience within the car rental business.

“I am looking forward to the opportunity to strengthen and grow our relationships in the Dayton community and to help my new team inspire one another,” Ray said.