What we do
Western Nevada Development District provides short and long term, fixed rate, low interest loans to qualified borrowers interested in the creation of new small businesses or the expansion or retention of existing small businesses. The Program is designed to stimulate economic growth and create jobs. The Program provides affordable,non-conventional financing to eligible small businesses that are not able to receive funding elsewhere. Businesses receiving these funds will in turn be required to produce a sufficient number of net new jobs, or in the case of business retention, retain existing jobs.
Liberty Fitness, Inc.
400 US Highway 95A S
Suite 202
Fernley, NV 89408
(775) 980-8096
LibertyFitnessNV.com
What they had to say:
“I believe that this is the age of the entrepreneur, and as job security has increasingly become a thing of the past, we have no choice but to become self-reliant. Small business is the foundation of growth in America, and it starts with one person, with one vision.” ~Gary Bredow, host and creator of The Start Up Show
Eligible Applicants
New or existing small business owners interested in opening, expanding, or retaining a business in the rural Nevada communities with 50,000 or less population.
Eligible uses:
- Working capital
- Purchase of equipment
- Purchase of inventory
- Construction
- Remediation
Repayment Terms, Interest Rates, and Fees
Loan repayment terms vary according to several factors:
- Loan amount
- Planned use of funds
- Credit History
- Needs of small business borrower
The maximum repayment term allowed is ten years. Interest rates vary between 5 and 10 percent.
Application Process
Contact Western Nevada Development District to receive loan application at 775-883-7333 X2000.
In addition to the application, the following is required:
- A Business Plan
- Photo Id
- A $25 Non-Refundable fee
- Copy of any existing Real Estate Leases and Equipment Leases for Environmental Information
- Current balance sheet and profit and loss statement for your business
- Personal Financial Statement
- A balance sheet, profit and loss statement and business tax returns for previous three years
- Personal income tax returns for each borrower(s) for previous three years