SBA Loan Information
SBA Loan Information and Resources Page
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Resources from the U.S. Chamber
Assistance for Small Businesses
Assistance for American Workers and Families
EIDL Economic Injury Disaster Loan
Federal Reserve lending and liquidity for mid-sized organizations
Pretamos Rolls out Spanish Webinars
Chamber Member Bank Information
Resources from the U.S. Chamber
Paycheck Protection Program (PPP) Loan Forgiveness Guide New!
Under the Paycheck Protection Program (PPP), loans may be forgiven if borrowers use the funds to maintain their payrolls and pay other specified expenses. Click here to download this step-by-step guide to calculate your loan forgiveness amount, navigate record-keeping requirements, and determine repayment terms on amounts not forgiven. We hope you will share this new guide with your members.
Reopening Business Digital Resources Center
As part of the Path Forward initiative, the U.S. Chamber unveiled its Reopening Business Digital Resources Center to equip America's business community with the latest state guidelines, sector-specific guidance, small business advice, and other tools and resources as we look to reopen safely and keep employees and customers healthy and informed.
Now, the resources center also includes a customizable workplace flyer to help you and your members communicate the steps your company is taking to keep them safe and prevent the spread of COVID-19 to employees and customers.
Assistance for Small Businesses
www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resources
The U.S. Department of the Treasury and U.S. Small Business Administration released new guidance regarding the Paycheck Protection Program. Please see the links below for more details.
- Interim Final Rule on Loan Forgiveness (Released May 22, 2020)
- Interim Final Rule on Loan Review Procedures and Related Borrower Responsibilities (Released May 22, 2020)
For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection.
The Paycheck Protection Program is providing small businesses with the resources they need to maintain their payroll, hire back employees who may have been laid off, and cover applicable overhead.
Program Overview
- Top-line Overview of PPP
- SBA Paycheck Protection Program Loan Report
- SBA Paycheck Protection Program Loan Report Round 2 – Updated6/01
- Summary of Paycheck Protection Program Round 2 Data – Updated 6/03
- Coronavirus Recovery Information in Other Languages – Updated 5/18
For Borrowers
- More Information
- Search Tool: Find an Eligible Lender
- Borrower Application Form
- Applicable Affiliation Rules
- How to Calculate Loan Amounts
- Loan Forgiveness Application
For Lenders
- More Information
- Lender Application Form
- Lender Application Form for Federally Insured Depository Institutions, Federally Insured Credit Unions, and Farm Credit System Institutions
- Lender Application Form for Non-Bank and Non-Insured Depository Institution Lenders
- Guidance on Whole Loans Sales of PPP Loans
- Lender Assistance Hotline: (833) 572-0502
Program Rules
- Frequently Asked Questions – Updated 5/19
- Interim Final Rule 1
- Interim Final Rule on Applicable Affiliation Rules
- Interim Final Rule on Additional Eligibility Criteria and Requirements for Certain Pledges of Loans
- Interim Final Rule on Requirements for Promissory Notes, Authorizations, Affiliation, and Eligibility
- Interim Final Rule on Additional Criterion for Seasonal Employers
- Interim Final Rule on Disbursements
- Interim Final Rule on Corporate Groups and Non-Bank and Non-Insured Depository Institution Lenders
- Interim Final Rule on Nondiscrimination and Additional Eligibility Criteria
- Interim Final Rule on Loan Increases
- Interim Final Rule on Eligibility of Certain Electric Cooperatives
- Interim Final Rule on Treatment of Entities with Foreign Affiliates
- Interim Final Rule on Second Extension of Limited Safe Harbor with Respect to Certification Concerning Need for PPP Loan and Lender Reporting – Updated 5/20
- Interim Final Rule on Loan Forgiveness – Updated 5/22
- Interim Final Rule on SBA Loan Review Procedures and Related Borrower and Lender Responsibilities – Updated 5/22
SBA Disaster Assistance in Response to the Coronavirus
The U.S. Department of the Treasury and U.S. Small Business Administration released new information regarding the Paycheck Protection Program:
- Frequently Asked Questions Document (Question 48)
- SBA is extending the deadline for lenders to electronically upload the initial SBA Form 1502 reporting information to the later of: (1) May 29, 2020, or (2) 10 calendar days after disbursement or cancellation of the PPP loan.
- SBA Paycheck Protection Program Loan Report Round 2
- SBA: COVID-19 Resources
- Areas eligible for SBA Disaster loans
- Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to Coronavirus (COVID-19).
- Economic Injury Disaster Advance Loan
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In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application. This loan advance will not have to be repaid. Apply for the Loan Advance here.
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- Other Coronavirus Assistance
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Due to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are currently eligible to apply for a loan advance of up to $10,000.
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The SBA provides a debt relief to small businesses as they overcome the challenges created by this health crisis.
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EIDL Economic Injury Disaster Loan
- SBA will begin accepting new Economic Injury Disaster Loan (EIDL) and EIDL Advance applications to provide relief to U.S. agricultural businesses. Eligible agricultural businesses may apply for the Loan Advance here.
- The Paycheck Protection Program and Your Small Business by Jim Blasingame - Contributing Writer April 5, 2020
Assistance for American Workers and Families
Paid Leave Tax Credits
- Employers with 500 or less employees are required to offer paid sick leave at the regular wage rate for instances where the employee is ill due to COVID-19 and at 2/3rds the wage rate for employees who must care for a family member due to COVID-19 including school and child care closures. Employers with 50 or less employees may be eligible for a waiver due to hardship. These employers are eligible to receive a tax credit to cover the costs of the paid sick leave. For detailed information on accessing the tax credit and utilizing liquidity and deferment programs through the IRS in relationship to the credit please CLICK HERE
Employee Retention Tax Credit
- The Treasury has issued a refundable tax credit of up to 50% of $10,000 in wages for all employers continuing to pay employees through the COVID-19 pandemic. Those receiving small business loans will not be eligible for this tax credit.
For more information on eligibility CLICK HERE
For more information on accessing the credit CLICK HERE
Federal Reserve lending and liquidity for mid-sized organizations
- The Treasury will be creating a new fund in partnership with federally insured lenders which will be available to entities with between 500 and 10,000 employees. More information on this fund will be coming from the Treasury by April 6.
Additional Resources
- The COVID-19 stimulus plan is still ongoing. More programs and financial assistance could become available on a daily basis. The above resources are by no means the limit to what may be available to your organizations and your employees.
- The best resource for keeping up-to-date on available financial assistance is through the Department of Treasury. CLICK HERE
Unemployment Insurance
- There will be an additional $600 per week for unemployment checks available immediately. Each state administers unemployment in its own way.
- To find information on contacting your state unemployment office CLICK HERE
- For frequently asked questions on this issue – see the House Ways and Means FAQ page: CLICK HERE
Pretamos Rolls out Spanish Webinars and COVID-19 Resources for Businesses
- Prestamos will continue to put out content in English and Spanish during this crisis to help our Small Business owners that are more comfortable listening and learning in Spanish: https://www.prestamosloans.org/covid-19-information-resources/
Carson City Chamber Member Financial Instutitions:
Bank of the West
phone: 775-687-2550
2976 N Carson Street
Offering SBA Loans: Yes
Lobby: Monday - Friday 9:30 am - 4:00 pm
Drive-Up: Monday - Friday 9:30 am - 4:00 pm
City National Bank
phone: 775-885-1221
1811 E. College Parkway
Offering SBA Loans: Yes (*existing clients only at this time)
Lobby: Monday – Friday 10 am – 3 pm
Drive up: Monday – Friday 9 am – 5 pm
First Independent Bank
phone: 775-682-4747
1818 E. College Parkway, Suite 100
Offering SBA Loans: Yes
Lobby: Closed
Drive Up: Monday – Thursday 8:30 am – 5 pm; Friday 8:30 am - 5:30 pm
Greater Nevada Credit Union-Eagle Station
phone: 775-882-2060
The Greater Commercial Lending SBA PPP hotline number is (775) 886-1966
481 Eagle Station
www.gncu.org/Greater-Commercial-Lending/SBA-Paycheck-Protection-Program
Offering SBA Loans: Yes
Lobby: Monday - Friday: 10 am – 4 pm
Greater Nevada Credit Union- N. Carson St
phone: 775-882-2060
The Greater Commercial Lending SBA PPP hotline number is (775) 886-1966
4131 N. Carson St.
www.gncu.org/Greater-Commercial-Lending/SBA-Paycheck-Protection-Program
Offering SBA Loans: Yes
Lobby: Monday - Friday 10 am – 4 pm
Drive up: Monday - Friday: 10 am – 4 pm
Heritage Bank of Nevada
phone: 775-881-1111
4222 S. Carson St.
Offering SBA Loans: Yes (*existing clients only at this time)
Lobby by Appointment Only
Drive up: Monday – Thursday 8:30 am – 5 pm; Friday 8:30 am – 6 pm
Nevada, Inc. Pretamos CDFI, a wholly owned subsidiary of CPLC, Nevada, Inc
phone: 775-350-7780
Edward Vento - Business Development Officer - Direct Line: (775) 300-6193
1050 E. William St. Ste. 402
Carson City NV, 89701
http://cplcnevada.org/Programs/EconomicDev
Nevada State Bank - South Carson Branch
phone: 775-687-1707
4267 S Carson St
Offering SBA Loans: Yes - available to fund PPP loans.
Lobby by appointment only
Drive Up Hours Monday – Friday 10 am - 4 pm; Saturday 10 am – 2 pm
Nevada State Bank Business Center
phone: 775-884-5500
1525 College Parkway
Offering SBA Loans: Yes - available to fund PPP loans.
Lobby by appointment only
Drive Up Hours Monday – Friday 10 am - 4 pm
Plumas Bank
phone: 775-885-1200
1101 N. Carson St.
Offering SBA Loans: Yes
Lobby by appointment only
Drive up Hours Monday - Friday 9 am – 5 pm
United Federal Credit Union - Carson Branch
phone: 775-329-6673 x 6030
1350 E. Williams St.
Offering SBA Loans: Yes (*existing clients only at this time)
Lobby by appointment only
Drive up hours Monday - Friday 8:30 am – 6 pm; Saturday 9 am – 1 pm
US Bank, Capitol
phone: 775-687-8001
1001 N. Stewart St.
Offering SBA Loans: Yes
Lobby by appointment only
Drive up Monday – Friday 9:30 am – 4pm; Saturday 9:30 am – 1pm
US Bank, North Carson
phone: 775-888-8580
3405 Market St., Suite 100
Offering SBA Loans: Yes
Lobby by appointment only
Drive up Monday – Friday 9:30 am – 4pm; Saturday 9:30 am – noon
Wells Fargo - East Carson
phone: 775-885-1145
1550 E. Williams St.
https://update.wf.com/coronavirus/paycheckprotectionprogram/
Offering SBA Loans: No longer accept new loan applications under the government's Paycheck Protection Program
Lobby limited teller transactions available, and bankers by appointment
Drive up Monday - Friday 9:30 am - 4:00 pm; Saturday 9:00 am – 12 pm
Wells Fargo - Main
phone: 775-886-4240
2424 S. Carson St.
https://update.wf.com/coronavirus/paycheckprotectionprogram/
Offering SBA Loans: No longer accept new loan applications under the government's Paycheck Protection Program
Drive up only Monday - Friday 9:30 am - 4:00 pm; Saturday 9:00 am – 12 pm
