ROUND MOUNTAIN — Kinross Round Mountain has donated $100,000 to develop the Simplified Revolving Loan Fund, to support small businesses in Northern Nye, Esmeralda, and Southern Lander Counties that have been affected by COVID-19.
The fund is administered by Southwest Central Regional Economic Development Authority (SWCREDA), and the benefit communities were identified as they fall within Round Mountain’s primary benefit footprint area.
“At Round Mountain, we recognize the importance of small businesses to the well-being of our host communities, and are pleased to provide our support during these challenging times” said Neil Jensen, Vice President and General Manager, Kinross Round Mountain.
“Not only will this program generate significant impacts for the local communities, but SWCREDA hopes it will serve as an example for other large companies,” said Paul Miller, Executive Director at SWCREDA.“This is a sustainable way to generate lasting value and we applaud Kinross’ commitment to its communities.”
The loans will be available to small businesses affected by COVID-19 in amounts of $1,000 to $5,000. The funds must be used for essential business expenses such as rent, utilities, and employee expenses. While this program is loan-based, there is the potential for loans to become grants. Any loan payback funds will be allocated towards future programs and/or projects that will provide lasting benefit for the surrounding communities.
Further details and the loan application can be found at SWCREDA.com.
