02/10/2010

USDOT's Financial Assistance Programs

Nevada Department of Transportation is pleased to present the following opportunities provided by the Small Business Transportation Resource Center, Southwest Region (SBTRC-SW):

The short-term lending program is for certified DBE/8a/Hub Zone/SDVOB firms who have been awarded a transportation contract. Maximum amount of the loan is $750k where the account receivables of the contract are utilized as collateral. the participating lender is National Bank of California. The bank is based in Los Angeles, however they are lending in Arizona and Nevada.

The Bonding assistance program is the certified DBEs who compete on RECOVERY funded DOT projects. Regardless if the DBE firm is not awarded a contract, the US DOT will reimburse any bonding fees associated with the transportation contract. The reimbursement program expires September 8, 2010, thus it is crucial to inform DBEs of this program.

Short-Term Lending Workshop Calendar Flyer (.pdf 51k)

DBE Arra Bonding Assistance Program Brochure (BAP) Flyer (.pdf 538k)

Application for Reimbursement of Bond Fees Flyer (.pdf 96k)