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Funds Disbursement Program through COVID Relief Forgivable Loan and Specialized Business Coaching
The City of North Las Vegas and Prestamos CDFI, a division of Chicanos Por La Causa (CPLC), are partnering to provide much-needed access to capital and personalized business coaching with the North Las Small Business Stabilization Forgivable Loan Vegas. The goal is to help struggling small businesses recover from the pandemic and support business owners on the path to success with comprehensive resources.
The program has funds to help small businesses up to 25K seeking economic relief due to hardship in these times. To be eligible, a North Las Vegas business must demonstrate a reduction in revenue in 2020 or 2021 compared to 2019, including any grants or other repayable loans it received (eg, PPP loans). The number of employees must be less than 20, with priority given to businesses with 5 employees or less, and the business must be for-profit.
Additionally, Prestamos CDFI will provide free consulting services to provide support to business owners. From messaging to cost projections, Prestamos CDFI business consultants can help businesses keep their doors open. Bilingual experts can assist busy business owners with one-on-one sessions that will help make website creation easier; provide process and procedural solutions to streamline operations; stimulate business development; provide financial and accounting assistance; and grow their social media content development.
For more information about the NLV Small Business Stabilization Forgivable Loan and to apply, visit www.prestamosloans.org or call 702.207.1614.