PPP Second Draw

Were continuing our promise to you to help Nevadas small businesses, our economic engine, get back on trackand fast. As part of our effort, we are excited to announce that we are accepting PPP second draw applications from our clients. Our work on the original first draws PPP loans resulted in supporting 574 Las Vegas area businesses with over $114 million of much-needed funds during these uncertain times. Thank you for letting us help you and your business. 

Here is what you need to know about PPP Second Draw. 

General Eligibility Criteria:

1. Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses;
2. Has no more than 300 employees; and
3. Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020.
4. The Programs eligibility is expanded to include 501(c)(6)s, housing cooperatives, destination marketing organizations, among other types of organizations.