USDA Rural Development Nevada recently announced it has granted Nye County Regional Economic Development Authority (NCREDA) $30,000 to develop a revolving loan fund for small and emerging private business in Nye County, NV.
Small businesses in Nye County that are developing a business enterprise are eligible to apply for the funds. Revolving Loan Funds will be loaned out to eligible small businesses, paid back, and then cycled back out in the future, extending regional opportunity for business development.
NCREDA appreciates your entrepreneurship to create or expand a business in Nye County, Nevada. The Small Business Revolving Loan Fund Program has been established to assist Nye County entrepreneurs whose business need loan funding in amounts between $500 and $5000 for:
♦ Working Capital
♦ Inventory Purchase
♦ Equipment and Machinery
♦ Startup Costs
♦ Leasehold Improvements