On Wednesday, February 24, 2021, with the National ACE, the Nevada Small Business Council hosted a conversation with the Small Business Administration on PPP eligibility, application timeframes, EIDL, and how the Shuttered Venue Operators Grant will be coming soon.
In case you missed it! Building on a month of strong Paycheck Protection Program results, the Biden-Harris Administration and the U.S. Small Business Administration are taking steps that will further promote equitable relief for America’s mom-and-pop businesses. These simple progressive steps further demonstrate the commitment to racial and gender equity, reaching low and moderate-income, rural, urban, and other underserved areas. The SBA has established a 14-day, exclusive PPP loan application period for businesses and nonprofits with fewer than 20 employee that ends on March 9, 2021 at 5:00 pm ET. Additionally, the Agency will:
These actions will help to lay the foundation for a robust and equitable recovery for small businesses across the country. Small businesses employ nearly half of the American workforce; they create 2 out of 3 net new private-sector jobs; they reinvest 68% of revenues to build and sustain communities.
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National Asian and Pacific Islander Chamber of Commerce's website dedicated to helping small businesses get access to capital, and information about federal, state, and local programs.
SBA, in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for First Draw PPP Loans the week of January 11, 2021. SBA began accepting applications for Second Draw PPP Loans on January 13, 2021.
SBA is currently accepting Second Draw PPP loan applications from participating lenders.
Who May Qualify?
A borrower is generally eligible for a Second Draw PPP Loan if the borrower:
On January 7, 2020, the Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE) hosted a roundtable discussion in Las Vegas with U.S. Secretary of Transportation Elaine L. Chao. The Secretary was joined by National ACE Board Chair and President of CSMI, Dr. Karen Eng; National ACE President and CEO, Chiling Tong; and Jan-Ie Low, Commissioner, President’s Advisory Commission on Asian Americans and Pacific Islanders. Held at the Stirling Club, the conversation included Asian American and Pacific Islander community, Nevada Small Business Council members, and other business leaders from Las Vegas who spoke about economic development, entrepreneurship, innovation, and small business issues.
Our members are actual small business owners! We are committed to supporting existing small businesses and encouraging the start of new businesses.
Our mission is to advocate for small business owners in the state of Nevada. We partner with government entities and provide useful resources to help grow our members' profit margin. At the end of the day, it's about creating results!
If you are a small business owner and interested in taking your business to the next level, we welcome you! Let's Do Business!
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