Eligibility Requirements:
6054725-85725000City of North Las VegasSmall Business Stabilization Forgivable Loan ProgramA Small Business Loan Pre-application will be available on the City of North Las Vegas website on July 1, 2020. For more information please contact NLVSmallBusinessLoan@ The City of North Las Vegas (CNLV) recognizes the need to support small businesses that are struggling to access capital and keep their doors open in response to COVID-19. The CNLV Small Business Stabilization Forgivable Loan (CNLV-SBSFL) Program loans of up to $25,000 will be made at zero interest in an effort to mitigate losses experienced by our small business community. This amount may be adjusted to provide immediate assistance to as many small businesses as possible. The City of North Las Vegas understands the challenges that many small businesses currently face. For businesses located and operating within North Las Vegas we have developed a business support grant using federal CARES Act Relief Funds.Grant Award: up to $25,000 for businesses of 5-20 employeesGrant Uses: Working Capital (rent, utilities, inventory, payroll, license fees, etc.)Eligibility Requirements:Must have 20 or less full-time employees as of April 9, 2019 (sole proprietor and home-based business are eligible)Priority Status:Priority given to small businesses or 5 or less employeesPriority given to minority and women owned businessesMust have an active business license in North Las VegasMust not have received any federal loans or grant dollars (some exceptions apply)Must not have received or anticipate receiving grant dollars from an incorporated cityCities of Henderson, Las Vegas, Boulder and Mesquite and Clark CountyMust have been in business for at least 1 year prior to April 9, 2019Must have been impacted minimally at 30% hardship (financial statements from previous 12 months will be reviewed)Must not have any federal, state or county tax liensNon-eligible Businesses:Businesses already in receipt of or approved for federal loans and grants (some exceptions apply)Business in receipt of or anticipating grant dollars from an incorporated cityCities of Henderson, Las Vegas, Boulder and Mesquite and Clark CountyBusinesses outside the City of North Las VegasAdult Oriented BusinessesCannabis Related BusinessesMassage ParlorsLiquor StoresBail BondsCheck Cashing FacilitiesPayday Loan and other Short-Term Loan OperatorsConvenience StoresNon-profit OrganizationsState & Federal Certified Labor UnionsOther businesses deemed ineligible by CNLV ................
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