Paycheck Protection Program
The Paycheck Protection Program (PPP) is closed. For information about PPP loan forgiveness, click here.
Economic Injury Disaster Loans
EIDL applications are still being accepted. This program allows for a grant advance of up to $1,000 per employee ($10,000 max). If you are offered a loan, it will be at a 3.75% interest rate (2.75% for nonprofits) with up to 30-year terms and payments deferred for 1 year.
You can apply for both the EIDL & PPP but they should be used to cover different expenses. The PPP is specifically for payroll, and the EIDL is for fixed costs like rent, maintenance, debt payments, and payroll too.
The Reno City Council unanimously approved a 90-day deferral of business license fees owed by businesses that have been closed as a result of the Governor’s shutdown orders. Non-essential businesses that have been closed will have 90 days after reopening to pay their license fees. For businesses that pay a flat rate, fees will be prorated according to how long they were forced to remain closed.
The State of Nevada has launched a new portal for self-employed Pandemic Unemployment Assistance (PUA).
The new filing system will be independent of the traditional Unemployment Insurance (UI) system and will facilitate a streamlined method for the public to file for PUA benefits. Claimants will have a dedicated call center for all PUA related questions with a new phone number: 1-800-603-9681.
The PUA program is one provision under the federal CARES Act and is designed to offer unemployment benefits to independent contractors and others historically unable to qualify for traditional unemployment insurance benefits.
The following individuals may be eligible for PUA:
- self-employed, 1099 contract workers, and gig workers;
- employees whose wages are not reported for unemployment insurance;
- employees who have not earned enough wages or worked enough hours for standard unemployment benefits due to COVID-19; or
- people who were unemployed or going to start work but could not due to COVID-19.
Visit their standard site for traditional unemployment claims.
We are available to support our downtown businesses and provide assistance accessing these resources. Please reach out if you have any questions.
The Nevada Small Business Development Center (SBDC) will help businesses with their applications for free. You can sign-up to receive counselling on their website.
The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Nevada small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19). Small businesses may qualify for Economic Injury Disaster Loans of up to $2 million to help meet financial obligations and operating expenses. Applicants may apply online, receive additional disaster assistance information and download applications here or call SBA’s Customer Service Center at 800-659-2955.
Business Resiliency Plan
The Nevada Small Business Development Center (Nevada SBDC) Business Resiliency Toolkit includes a small business resiliency plan and links to help small business owners plan for disruption from natural disasters to infrastructure failures to pandemics.
Community Foundation of Western Nevada COVID-19 Relief Fund
In cooperation with the City of Reno, the City of Sparks, and Washoe County, the Community Foundation has established a charitable relief fund to help address needs arising from the COVID-19 pandemic in northern Nevada.
Bartenders Guild Grant
The United States Bartenders Guild Foundation is now suspended.
United Way Community Fund
United Way is taking donations for and committing to helping communities impacted by the virus. The donations are meant to help people in need of food and shelter. Learn more and donate here.
Yelp Relief Fund
Yelp relief fund has ended.
Health insurance coverage exception
Nevada Health Link is offering a limited-time exceptional circumstances enrollment period to any Nevadan without health coverage. Enrollment period is March 17 – April 15. Find out more here
- Charter Communications announced they’d be offering free access to Spectrum broadband and provide free WiFi to students.
- The Silver State Health Exchange also took swift action, announcing a limited-time enrollment period.
- NV Energy and Truckee Meadows Water Authority have agreed to suspend utility disconnections during this time.