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Date: Oct 22 2014
12:00 am - 12:00 am

  • About NMI
    NMI, in partnership with VEDC, is a federally certified community development financial institution (CDFI) that delivers a comprehensive array of business services and programs specifically targeted to help micro, small, women and minority owned businesses in low-income and disadvantaged communities to receive the tools and resources needed to successfully start or expand their business.
  • Client Spotlight
    Amber's Joy
    Amber Burkhart has always enjoyed dressing in threads from the past, often donning 1950s-era clothing in high school. “I’d wear vintage hats and big poodle skirts and all my friends were like, ‘Something is wrong with her.’ But I always loved it, and that era,” she says. With the help and support of the Nevada Women’s ...
  • Small Business Financing
    Our team of loan consultants provides lending guidance and loan packaging services at little or no cost. Loan consultants will meet with a business owner, analyze their ability to qualify for a business loan, and help determine what loan program is most suitable.
 

Nevada Microenterprise Initiative (NMI) is proud to be an initial participant in Elizabeth Street Capital – a Tory Burch Foundation and Bank of America initiative designed to provide women entrepreneurs in the U.S. with access to affordable loans, mentoring support and networking opportunities.

These organizations are partnering with community development financial institutions (CDFIs) across the nation such as NMI in Las Vegas, to make affordable loans and other resources available to women entrepreneurs.

CDFIs provide affordable loans to entrepreneurs and other underserved communities to encourage and enhance economic growth and development.

Eligibility

  • Seek to start or grow your for-profit business
  • Must be a woman owned business
  • Business must be located in Nevada

Key Loan Terms

  • Loans from $1,000 to $100,000
  • 5 years
  • Fees: 3 points + out of pocket costs
  • Interest rate: 9.75% or less
  • Collateral must be provided from available assets and the personal guarantee of each owner holding a 20% or more interest in the business

What you will need

  • A business plan describing the project, including proposed sources and uses of funds, 3 years of financial projections (first year month-by-month and years two and three by quarter)
  • Corporate Financial Statements or Tax Returns for previous 3 years
  • Current Financial Statements (within last three months)
  • Personal Financial Statements and tax returns for previous 3 years of all principals who own 20% or more of the company
  • A credit release, authorizing VEDC to obtain personal and corporate credit reports
  • Schedule of outstanding debt
  • Copy of mortgage or lease

Contact Us

Our staff is readily available to assist you through the application process including the creation of your business plan and financial projections.

Phone: (702) 734-3555 | Email: info@nmi-vedc.org

Elizabeth Street refers to the location of Tory Burch’s first boutique, the launching pad for a business that has grown into a global brand with more than 125 freestanding stores around the world. The name speaks to the hard work and passion that drive successful entrepreneurial ventures and to the enormous potential of women-owned businesses.

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NMI • 550 E. Charleston Blvd, Suite E, Las Vegas, NV. CA 89104 • P: 702-734-3555 • F: 702-734-3530 • Email: info@nmi-vedc.org