Starting immediately, the Reno Rebuild Project will be accepting applications for its second small-business loan. The Reno Rebuild Project has been growing this fund, nickel by nickel, since the project’s conception in May 2012. Applications will be accepted through October 1, 2014, and can be found at www.renorebuild.com/application.
The Reno Rebuild Fund was designed specifically with future small business owners in mind. The creators of this fund – Michael Connolly, Chris Kahl and Zachary Cage – are small business owners themselves and hope to encourage a non-franchise, entrepreneurial growth in their community.
Last year, the Reno Rebuild Project awarded it’s first ever small-business loan to Barry Schuster to help get Café Deluxe up and running. The $20,000 loan made it possible for her to open without incident, and we are happy to report that Café Deluxe continues to have great success. As Schuster pays back her loan, all payments are added back into the RRP loan account to help it grow for it’s next recipient.
By donating $.05 from every sale at each of their four local businesses – Legend’s Grill, Sports & Spirits, Sierra Tap House, Ole Bridge Pub and The Brewer’s Cabinet – they hope to award an applicant each year with a low-interest loan. The competitive selection process will include an application review and applicant interviews conducted by the Advisory Committee, as well as community voting.