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Tuesday, June 15, 2021

Small businesses use funding to regroup from pandemic closures

LAS VEGAS (KLAS) — Small businesses are regrouping from months of closures, shedding staff and declining gross sales.

These are issues all too acquainted for boutique proprietor Angela Rene, who focuses on fashions for curvy girls.

“It was devastating, it really, really was,” Rene stated. “So now we are able to regroup but it definitely was a struggle.”

During a latest “Monday’s with Monica” interview, Rene realized about money for entrepreneurs.

“You can get an SBA loan for working capital to acquire or expand a business and they will make your payments for the first three months or till the end of September or till the funds run out,” stated Craig Kirkland of Nevada State Bank. “They are also waiving their traditional fees which can be as high as 2.7% of the loan amount.”

Information from the small business company may help homeowners make sensible choices.

“It’s important to network and connect with your local chambers to hear about things and resources that are made available to you,” Kirkland stated. “To be out there networking, talking and learning. Invest in yourself by learning. There is a lot of information available online and through nonprofit resources.”

Right earlier than pandemic restrictions, Rene moved into a brand new location in Fashion Show Mall close to Louis Vuttion and Neiman Marcus.

As Las Vegas reopens, she seems ahead to extra foot visitors.

Rene plans to benefit from the small business funding, saying it is going to give her peace of thoughts, stopping her boutique from failure.

“This type of funding would give me that security that I can have that nest egg for my business,” Rene stated. “So, any unexpected challenges that come up I’d be able to secure my business and know that I’m stable.”

Kirkland says should you have no idea what you qualify for, attain out to your native chamber of commerce.

If you’re the proprietor of a small business in want of assist, CLICK HERE.

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