Nevada Small Businesses, Trust Greater Nevada With Your Paycheck Protection Program Application
We’ve invested in better technology and processes to get much needed funds to businesses faster.
The U.S. Small Business Administration’s (SBA) Paycheck Protection Program (PPP) has received congressional approval to remain available to new applications through August 8, 2020, and Greater Nevada Credit Union (GNCU), the largest domiciled financial institution in Nevada, continues to remain available to serve all Nevada businesses. We know so many small businesses are overwhelmed during these unprecedented times, and that many are looking for a partner. As a member-owned, local financial institution, GNCU is here to help. We are all in this together, and together is how we will build a Greater community.
Notice: The deadline for PPP applications is August 8, 2020 at 12:00 pm PST.
LEARN MORE ABOUT THE PPP AT SBA.GOV
To help more businesses get the support they need, we have provided answers below to the most commonly asked questions asked by businesses during these uncertain times. You may also call GNCU's dedicated PPP hotline at (775) 886-1966 for further information.
Will Greater Nevada be accepting new applications for the PPP funding extension?
Yes! As your trusted community partner, GNCU is accepting new applications from Nevada based small businesses only for as long as the program is funded (a physical address in Nevada is required). Our process has been built to make it as seamless and convenient as possible.
APPLY ONLINE NOW
If your business is located outside of Nevada and in search of a PPP loan provider, then we encourage you to get in contact with Fountainhead Commercial Capital.
Can I apply for a PPP loan with GNCU if I am not a member?
Members and non-members are qualified to apply for the loan. However, commercial membership with GNCU will be required to receive the funds if they are approved. If you are not a member yet, please apply online and look for a link included in your confirmation email after GCL receives SBA authorization. Upon receipt of these forms, a commercial specialist will be in contact with you to discuss our membership and account options.
If I submit an application for the SBA PPP loan through GNCU, am I guaranteed to get it?
No. Even if you apply, it does not guarantee that a PPP loan will be approved and issued.
What can I do to improve my chances of getting a PPP loan?
Accuracy and completeness are paramount when submitting your application. Precise and detailed information allows us to process your application more efficiently.
Am I eligible to apply again if I already received SBA authorization for a PPP loan?
No. Only Nevada based small businesses who have not yet received SBA authorization for a PPP loan previously are allowed to apply.
What happens if I am approved for a PPP loan?
If your loan application is approved, electronic loan documents will be sent via DocuSign. Please see the video below for steps to follow.