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Nevada Microenterprise Initiative mission is: “To enhance the economic self-sufficiency and quality of life of low to moderate income individuals through entrepreneurial training, technical assistance and access to loans for new and expanding business throughout the State of Nevada.”
We offer a variety of entrepreneurial training classes to our clients. We have created an initial Business Readiness Seminar that all of our potential borrowers attend. This gives both the potential client and our organization a chance to assess their personal and business readiness so we know the appropriate next training program for them.
A second type of programming that we offer is our Business Success Series which is a 8 class series that covers everything that an aspiring entrepreneur needs to know to start a business.
A third type of programming that our organization offers is post-loan training. In order to offer the most pertinent classes and help keep the business community strong in Nevada, NMI has done a complete strategic analysis to better understand the current program offerings in the community for entrepreneurs and specific areas of training that our loan clients would benefit from.
We provide extensive technical assistance (as requested and/or needed) for those who have received business loans or have an already existing business. We provide referrals to professionals and other service providers, when technical assistance clients require specialized services. Throughout the technical assistance process we serve as coaches and advisors to our own lending clients and to any other business person who seeks our help.
NMI has a variety of loan products. We offer business financing from $1,000 up to $250,000. We are also the only Women’s Business Center in the State and we are certified as a Community Development Financial Institution (CDFI). Utilizing loan funds from the US Department of Agriculture, and the Community Development Block Grant Program, as well as monies obtained through our fundraising efforts, we make loans of up to $250,000 for new and existing businesses that are unable to qualify for traditional bank financing. During the past ten years, we have lent over $5 million to micro-businesses.