Filed in archive Small Business on December 1, 2024

A New Small Business Loan Program In The Pipeline

The state of Nevada might have a new small business loan program if a new proposal submitted by the states treasurer is approved. This would create $ 20 million or small business across the state.

This bill for small business loans if passed would help a lot of people get jobs by creating them across the state. This will also result in increased revenue for the state.

Treasurer Kate Marshall's proposal for these small business loan programs called Senate Bill 64 will make the state invest in banks in low interest certificate of deposit if these banks extend small low interest loans to small businesses.

However according to the rules of the banks, every small business will have to be qualified enough to get a loan. The state's money won't be at risk because the banks will be accountable for guaranteeing the loan.

© ccstbp