Nevada officials are applauding the Small Business Administration’s decision reversing itself to allow gaming small businesses access to Paycheck Protection Program loans.
Previously, the SBA refused to allow gaming businesses that receive a third or more of their revenue from gaming to access the funding.
“Nevada’s gaming small business community is a vital part of
our state’s economy and they deserve the same access to federal aid as any
other legal business,” said Senators Catherine Cortez Masto and Jacky Rosen,
both D-Nev., in a statement.
The two earlier sent a letter to the SBA asking the agency
to allow all small gaming businesses to access loans arguing that is clearly
the intent of the stimulus legislation.
The decision was also hailed by the American Gaming
Association. AGA President Bill Miller said he was pleased with the decision
recognizing that commercial and tribal gaming businesses need help to get
through the pandemic.