Improvements Coming to East Downtown in Reno

Reno’s East Fourth Street will be transformed during the second annual Positively 4th Street Better Block Project event. Considered “the gateway” to downtown Reno, Fourth Street is home to several historical properties but is in need of upgrades and repair. Local businesses are looking to spruce up the area through landscaping, adding a two-way bicycle lane, re-striping traffic… [More…]

Small Business Administration Recognizes Nevada State Bank for Business Lending

The Nevada District office of the U.S. Small Business Administration named Nevada State Bank Lender of the Year in 3rd Party Loan Production.

LAS VEGAS – The Nevada District office of the U.S. Small Business Administration named Nevada State Bank Lender of the Year in 3rd Party Loan Production. At the 2014 SBA Small Business Awards, Nevada State Bank received the Platinum-level award in recognition of the 16 SBA 3rd party loans it provided businesses in SBA FY2013. Nevada… [More…]

Nevada State Bank Names Ivette Barajas Vice President, SBA Business Development Officer

Nevada State Bank has named Ivette Barajas as vice president/SBA business development officer.

LAS VEGAS – Nevada State Bank has named Ivette Barajas as vice president/SBA business development officer, where she is responsible for the growth of the bank’s SBA lending that meets U.S. Small Business Administration guidelines. Barajas brings more than 16 years of business development, underwriting and relationship management experience to her new role. She previously served… [More…]

Several SBA Loan Requirements Eliminated

The U.S. Small Business Administration made significant changes in qualification for SBA 504 loans. The changes include elimination of “the personal resource test” and “the nine-month rule”. These modifications mean businesses will have an easier time qualifying for SBA loans, according to a recent statement by TMC Financing. “By eliminating the nine-month rule for expenditures, businesses that have… [More…]

New Regulations for SBA 504 Loans Make it Easier for Nevada Business Owners to Qualify

This week the U.S. Small Business Administration made effective two major changes for qualification of SBA 504 loans.

Las Vegas – This week the U.S. Small Business Administration made effective two major changes for qualification of SBA 504 loans. The changes will make it easier for businesses to qualify for SBA loans and encourage business growth and job creation. Effective April 21, the SBA has eliminated several requirements for its 504 business loan program. The… [More…]

Nevada’s Employment Landscape: Drawing on New Opportunities

At its peak, in October 2010, the state’s unemployment rate hit 13.8 percent, and activity in numerous sectors dropped drastically.

It’s been a while now since the start of the nation’s recession that so harshly impacted Nevada. At its peak, in October 2010, the state’s unemployment rate hit 13.8 percent, and activity in numerous sectors dropped drastically. About two years ago, Governor Sandoval called for the creation of 50,000 Nevada jobs by the end of… [More…]

SBA Finalizes Rule Adopting Changes to Contracting Program for Women-Owned Small Businesses

WASHINGTON –An interim final rule published in the Federal Register and effective immediately will amend regulations to the U.S. Small Business Administration’s Women-Owned Small Business Federal Contract Program allowing for greater access to federal contracting opportunities for women-owned businesses as a result of the National Defense Authorization Act of 2013 (NDAA) signed in January. The interim final rule… [More…]

Business Financing: An Economic Bright Spot

The business financing picture in Nevada today is brighter than it was during the two years following the country’s great recession.

The business financing picture in Nevada today is brighter than it was during the two years following the country’s great recession. Capital is available. Businesses are seeking financing, and lenders are closing loans. “Things are definitely looking up,” said Bob Francl, executive vice president and regional manager of First Independent Bank, which serves clients primarily… [More…]

Op-ed: 69.3% of Small Businesses in Nevada are Eligible for Health Care Tax Credits

By: U.S. Health and Human Services Region IX Regional Director Herb K. Schultz U.S. Small Business Administration Regional Administrator Elizabeth Echols For years, we had a health insurance market that was broken for small businesses.  Because they had less bargaining power, small businesses paid an average of 18% more for the same health insurance plan… [More…]

February 2013: Around the State

Business News from around Nevada: February 2013

Southern Nevada Businesses Expect a Better 2013 According to the Southern Nevada Business Confidence Index, compiled by UNLV’s Center for Business and Economic Research, Southern Nevada businesses’ expectations are improving. The report found that, after two quarters of declining expectations, the index rose from 101.5 to 106.1 for the first quarter of 2013. The index is… [More…]

TMC Financing, Las Vegas’ Leading SBA 504 Commercial Lender, Celebrates Five Years in the Region

Oct-15

Successful Public-Private Partnership Responsible for Creating and Retaining 2,239 Jobs in Nevada LAS VEGAS (October 15, 2012)–TMC Financing (www.tmcfinancing.com), a leading Certified Development Company (CDC) providing U.S. Small Business Administration (SBA) 504 commercial real estate financing in California and Nevada, today celebrates five years of helping Las Vegas businesses that want to purchase and enhance… [More…]

Nevada’s Diverse Businesses: Minority-Owned Companies Thrive in the Silver State

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The year is 2012 and it feels strange and a little uncomfortable to be considering minority-owned businesses. Twelve years into the 21st century, it seems there should no longer be a designation for minority-owned business – business should be business and everyone should be working together through the slowly recovering economy. Which is pretty much… [More…]

Opportunities Abound in Gov’t Contracting for Women-Owned Small Businesses

The federal government is the world’s biggest customer of goods and services with purchases totaling more than $425 billion per year from construction and technical services to office furniture and grounds maintenance services. This allows for many revenue opportunities for small businesses, especially women-owned, disadvantaged, service-disabled veteran owned, and businesses located in areas identified as… [More…]

May 2012: Around the State

Around-the-State: Nevada

The Learning Center Offers “Green” Computing Classes The Learning Center has entered into a training agreement with the Nevada State Energy Sector Partnership to offer “Green IT” classes to employers at no cost. The training is offered under a grant from the U.S. Department of Labor’s Employment and Training Division for the purpose of improving… [More…]