Around the Arch Blog

If you’re thinking about expanding your business or starting a new one, you already know how tough it is to get financing right now. Fortunately, thanks to action taken by the Reno City Council today, you now have another option if your business is in the City of Reno.  Check out the small business loan program that will now be administered through Nevada Microenterprise Initiative (NMI).

Council members established a partnership with NMI to handle the GROBusiness Loan Program. It is funded by Community Development Block Grants received by the City through the U.S. Department of Housing and Urban Development.

NMI is a private, non-profit economic development agency which provides business tools and loans to assist qualified individuals in starting or expanding a business.

Some of NMI’s services include technical assistance, ongoing training as well as access to a variety of loans, networking and oversight.  NMI services complement the resources available at the Small Business Developer Center at the University of Nevada, Reno.

For more information about the GROBusiness Loan Program contact Nevada Microenterprise Initiative at 775-324-1812.

Tags: business & development, community assistance, council, jobs, redevelopment, stimulus & recovery

This entry was posted on Wednesday, December 2nd, 2009 at 5:00 pm and is filed under business & development, City Council, Community Development, General, Redevelopment Agency. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.