Nevada Battle Born Growth Microloan Program

What is Nevada Battle Born Growth Microloan program?

The Nevada BBGM is a business loan program that offers up to $250,000 in working capital financing for NV-based businesses. Supported by the Nevada Governor’s Office of Economic Development, the program makes it possible for your business to buy equipment, expand your operations, hire new staff, and move your business plan forward.

Nevada Battle Born Growth Microloan Details

• Loan amount: $10,000 to $250,000
• Interest rate: fixed at 9.5% – 12.5% (depending on term length)
• Term: 26 – 72 months
• Fees: up to $750 in third-party closing fees which will be funded into the loan and calculated at closing
• Decision sent within two business days of submitting a complete loan application (including all required documents)
• Time to funding: within 5 business days of approval

Is the Nevada Battle Born Growth Microloan Program right for me?

If your business is based in Nevada and has been in operation for at least a year, you could be a good fit for the program! Here are the minimum requirements you’ll need to meet to be eligible for the program:

• Your business is located in the state of Nevada
• You’ve been in business in Nevada for at least one year
• You have 100 or fewer full-time employees
• Your gross annual revenue is less than $5 million

To qualify for the program through Pursuit, you’ll need to meet the following requirements:

• Historical cash flow adequacy of all existing and requested debts
• No open liens or judgments on your personal and business credit reports and public searches
• No bankruptcy filings in the last 7 years
• Satisfactory personal credit history that shows your ability to repay prior creditors
• Evidence of filing business and personal tax returns as well as evidence of payment for relevant tax liabilities

If you don’t meet some of the requirements above, you can still work with Pursuit! Submit your information and we’ll work with you one-on-one to understand your needs and find the best path to success for your business.

Please note that we do not lend to money-service businesses; “passive” businesses engaged in owning, purchasing, leasing, or re-selling real estate or other assets; or those operating in sin industries.

What can you use the Nevada Battle Born Growth Microloan for?

BBGM loans can be used for working capital and a variety of needs to keep your business growing. You can use your loan to:

• Hire new employees
• Cover rent or utilities
• Purchase equipment
• Expand your operations
• Purchase inventory and supplies
• Renovations and tenant improvements
• Advance your marketing plan

With the BBGM program, you’ll find an affordable loan with flexible uses to move your business onward and upward. Work with a lender that understands the heart of running a business, with one-on-one support every step of the way. We look forward to working with you!

Learn how other business owners have worked with Pursuit to reach higher: