PPP loans
Greater Commercial Lending opens online applications for new round of Paycheck Protection Program, Wednesday at Noon
Submitted by Carson Now Reader on Wed, 01/13/2021 - 9:58amCARSON 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.
Greater Nevada Credit Union ignites Audacity Fund Reno with $25,000 contribution
Submitted by Carson Now Reader on Mon, 11/23/2020 - 11:04amGreater 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.
Greater Commercial Lending Brokers First Ever USDA CARES Act Loan
Submitted by Carson Now Reader on Fri, 09/11/2020 - 4:54pmThe 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.
With commercial eviction moratorium lifted, Nevada's small business banks on landlord communication
Submitted by admin on Sun, 08/16/2020 - 6:20amWhen Will Truce and Jake Conway worked as high school teachers in Carson City, a colleague offered them some crystallized honey from his bee farm, and the two began experimenting with making mead, the world’s oldest alcoholic beverage brewed by fermenting honey with water and sometimes referred to as ‘honey wine.’
Nevada State Bank Secured Approval For 4200+ PPP Loans, Helping Northern Nevada Businesses And NonProfits
Submitted by Carson Now Reader on Fri, 05/15/2020 - 4:27pmRENO - Based on processed applications as of May 13, 2020, Nevada State Bank has announced approval for 4,255 U.S. Small Business Administration (SBA) Paycheck Protection Program (PPP) loans totaling $592,005,500.
More than 68% of the loans were made to businesses with fewer than 10 employees and approximately 82% of the loans approved were for amounts less than $150,000 (57% for amounts less than $50,000). The funding will help preserve payrolls for 65,607 Nevada jobs, based on applicant data.
Nevada small businesses get more aid in second round of SBA emergency loan funding
Submitted by admin on Mon, 05/04/2020 - 10:23amAfter faring poorly in the initial round, Nevada small businesses received the second highest number of approved loans and total aid in the second round of funding for the Small Business Administration emergency loan program compared with six similar-sized states.
Trump administration allows small casinos to tap SBA emergency loan program
Submitted by admin on Sun, 04/26/2020 - 8:28amMembers of Nevada’s congressional delegation celebrated the White House’s decision Friday to allow small casinos to access a Small Business Administration emergency loan program.