Southern Nevada small-business owners facing balloon payments on their real estate loans are about to get some much-needed relief.
The Small Business Administration, with the approval of Congress, has reinstated a program allowing business borrowers to refinance loans for their buildings or equipment at lower interest rates. That enables the businesses to save thousands of dollars a month and give them additional capital.
About 50 Nevada businesses and 2,700 nationally took advantage of the loan program when it started in 2011, and ...
Register and apply to participate in the Business Pitch Competition at the Governor’s Conference on Business! This statewide competition is open to businesses in operation for 2 years or less from all industries. Pitch your business, product or service to our expert panel for a chance to win a prize package that could give a boost to your early stage venture. In addition, you will have the opportunity to network with other business ...
SBA 504 Refinance Program Designed to Help Small Businesses Grow and Create Jobs
Eligible small business owners now have more options to refinance eligible fixed assets and business expenses through the Small Business Administration (SBA) 504 Refinance Program. SBA Administrator Maria Contreras-Sweet made the program permanent through an Interim Final Rule in The Federal Register released May 26, 2016. This change will help small business owners ease their financial burdens and create incentives for potential expansion and further job creation.
Administrator Maria Contreras-Sweet announced that the SBA Debt Refinancing regulations have been signed and is “on its way to the Federal Register as we speak.” The loan product will be available for CDCs by June.
Discussions and details surrounding the soon-to-be released debt refinancing regulations will be featured this week at the NADCO Spring Summit with ...
A clear picture is emerging in banking for small businesses in Nevada, data from Nevada State Development Corp. show.
Although the sheer volume of small-business loans remained essentially the same in 2015 compared with 2014, the value of those loans increased substantially year-over-year, reflecting a strong increase in the value of Southern Nevada real estate and suggesting that Northern Nevada business is on the move, too.
Continue reading at the Las Vegas Business Press at the link below.