Everything you need to know about relocating whether personal or starting a new business:

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Spotlights

SBA Loan Information


SBA Loan Information and Resources Page

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Assistance for Small Businesses

Assistance for American Workers and Families

SBA Disaster Assistance

EIDL Economic Injury Disaster Loan

Paid Leave Tax Credits

Employee Retention Tax Credit

Federal Reserve lending and liquidity for mid-sized organizations

Additional Resources

Unemployment Insurance

Pretamos Rolls out Spanish Webinars

Resources from the U.S. Chamber

Chamber Member Bank Information

 

 

 

 

Assistance for Small Businesses

SBA and Treasury Announce New EZ and Revised Full Forgiveness Applications for the Paycheck Protection Program

6.17.2020: SBA and Treasury announced new EZ and revised full forgiveness applications for the Paycheck Protection Program. In addition to revising the full forgiveness application, SBA also published a new EZ version of the forgiveness application that applies to borrowers that:

  • Are self-employed and have no employees; OR
  • Did not reduce the salaries or wages of their employees by more than 25%, and did not reduce the number or hours of their employees; OR
  • Experienced reductions in business activity as a result of health directives related to COVID-19, and did not reduce the salaries or wages of their employees by more than 25%.

SBA Announces Lender Match 

Paycheck Protection Program (PPP):

Paycheck Protection Program (PPP): 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. On June 6, the President signed legislation providing more flexibility and relief for small businesses including extending the covered period for loan forgiveness from 8 weeks after the date of loan disbursement to 24 weeks and lowering the requirements that 75% of a borrower’s loan proceeds must be used for payroll costs to 60%.

  • Deadline for Support: Small businesses must apply with a lender to be eligible for funding by June 30, 2020. At 11:59 p.m. EDT on June 30, 2020, SBA Capital Access Financial Systems (CAFS), including E-Tran and SBA Connect, will no longer accept Paycheck Protection Program (PPP) borrower applications from participating PPP lenders. SBA CAFS will continue to accept and process regular 7(a) and 504 loan applications.
  • State-by-State Data can be found here.

Program Overview

For Borrowers

For Lenders

Program Rules

 

For more information and updates, visit Treasury.gov/CARES and SBA.gov/PayCheckProtection.

 

EIDL Economic Injury Disaster Loan

Economic Injury Disaster Loans & Advance Program: SBA’s Economic Injury Disaster Loans and Advance Program has reopened its portal to all eligible small businesses and non-profits impacted by COVID-19 pandemic. The reopened portal can be found here.

  • Deadline for Support: Small businesses must apply by December 31, 2020.
  • Loan Program: The Loan Program offers long-term, low interest assistance for a small business or non-profit. State-by-State data can be found here.
  • Advance Program: The Advance Program will provide up to $10,000 ($1,000 per employee) of emergency economic relief to businesses that are currently experiencing temporary difficulties, and these emergency grants do not have to be repaid. State-by-State data can be found here.

Assistance for American Workers and Families

American Workforce Policy Advisory Board – Call to Action: The American Workforce Policy Advisory Board has released a call-to-action to help the millions of workers who need assistance now, and build the resilient and agile workforce of the future powered by skilled American workers. Specific actions:

  • Expedite American workers’ return to employment and upward mobility by investing in career pathways and implementing skills-based hiring practices.
  • Remove obstacles to the modernization of American education and training to accelerate reskilling and facilitate innovation in workforce development.
  • Build the technological infrastructure necessary for the future of work.

Economic Impact Payments: The CARES Act provides for Economic Impact Payments to American households of up to $1,200 per adult for individuals whose income was less than $99,000 ( or $198,000 for joint filers) and $500 per child under 17 years old – or up to $3,400 for a family of four. More information can be found here.

Preserving Jobs for American Industry: The CARES Act offers meaningful financial support to American businesses and job creators so they can better support employees and be prepared to get back to business as soon as possible. More information can be found here.

Supporting Child Care: The CARES Act provided an additional $3.5 billion to the Child Care and Development Block Grant to support families with child care options during this public health crisis. Additional information and State-level information can be found here.

Dislocated Worker Grants: The U.S. Department of Labor is providing Dislocated Worker Grants to prevent, prepare for and respond to COVID-19. State-by-State data and additional details can be found here.

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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

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Pretamos Rolls out Spanish Webinars and COVID-19 Resources for Businesses

 

Resources from the U.S. Chamber 

www.uschamber.com/coronavirus

6.18.2020: The U.S. Chamber has updated their guides on the Main Street Lending Program and the PPP Loan Forgiveness to
reflect new changes from the Federal Reserve and Congress.

Some of these changes are significant, so you are strongly encourage to review these latest guides:

Guide to PPP Loan Forgiveness 

  • Under the Paycheck Protection Program (PPP) created by the CARES Act, loans may be forgiven if borrowers use the proceeds to maintain their payrolls and pay other specified expenses. This guide is designed to help borrowers understand the process by which their loan forgiveness amount will be calculated and the overall approach of the loan forgiveness process.


Guide To The Main Street Lending Program 

  • The MSLP will provide a total of $600 billion in financing for small and medium-sized businesses. This guide outlines how businesses can check eligibility and what they need to do to get ready to apply.

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Carson City Chamber Member Financial Instutitions: 

 

Bank of the West

phone: 775-687-2550

2976 N Carson Street

www.bankofthewest.com

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

www.cnb.com

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

 

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First Independent Bank

phone: 775-682-4747

1818 E. College Parkway, Suite 100

www.firstindependentnv.com

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

 

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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.

www.heritagebanknevada.com

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

 

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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

www.nsbank.com

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

www.nsbank.com

Offering SBA Loans: Yes - available to fund PPP loans.

Lobby by appointment only 

Drive Up Hours Monday – Friday 10 am - 4 pm

 

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Plumas Bank

phone: 775-885-1200

1101 N. Carson St.

www.plumasbank.com

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.

Unitedfcu.com

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

 

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US Bank, Capitol

phone: 775-687-8001

1001 N. Stewart St.

www.usbank.com

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

www.usbank.com

Offering SBA Loans: Yes

Lobby by appointment only

Drive up Monday – Friday 9:30 am – 4pm; Saturday 9:30 am – noon

 

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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

 

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