FYI – the state extended the application deadline through Sept 8 for up to 10k of rental assistance to small businesses (less than 50 employees) who can verify a loss of at least 30% in revenue since the previous year (see the link below for details). 

They removed the requirement that you couldn’t have received a PPP loan.  The application process is terribly intensive, to combat fraud.  So they probably didn’t get enough takers and seem to have money left.   

See below for the email I received from the state. There are FAQs at their website. Home-based businesses do not qualify, just a commercial rental locations. 

Please feel free to pass this along to anyone who might need the help!

Eric

Standardizes award amount for all eligible businesses – all eligible businesses who can verify a loss of at least 30% in revenue since the previous year are now eligible to receive the maximum grant award amount up to $10,000

Good afternoon,

Our records indicate that you have previously reached out regarding the Commercial Rental Assistance Program. We would like to share that the Program has recently been updated to allow businesses who have received PPP or other assistance in any amount to apply. The Program’s application deadline has also been extended to September 8, 2020 at 5pm.

To learn more, and to apply, please visit the following link: https://goed.nv.gov/commercial-rental-assistance-grant-crag-program/ .

Thank you!

Nevada State Treasurer’s Office

Eric Johnson, CPA

Tel. (702) 941-7787

www.ericjohnsoncpa.com

eric@ericjohnsoncpa.com

Eric Johnson CPA LLC

2850 W Horizon Ridge Pkwy #200

Henderson, NV 89052

Near I-215/Eastern Ave. exit; only 2 miles via Eastern to Coronado Center at W. Horizon Ridge. The “Regus” building.

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