Economic Development

The foundation of any healthy and vibrant community is the economic wellbeing of its residents. To this end, CPLC consistently pursues the development of programs and services key to the creation of sustainable economic opportunities. CPLC’s cadre of economic development programs and services were developed with the following goals:

  • Building wealth
  • Providing opportunity
  • Promoting sustainability
  • Promoting small business development

Prestamos CDFI, a wholly owned CPLC subsidiary, provides economic opportunities for small and emerging businesses in Nevada and Arizona. The program provides business loans along with technical assistance to small businesses that do not qualify for traditional bank financing. The program focuses on serving businesses located in low income communities as well as minority and women owned businesses. Prestamos is certified as a Community Development Financial Institution (CDFI) by the US Treasury. On January 27th, 2016, CPLC Nevada celebrated the grand opening of the SBA Micro Lending Center, makingour Prestamos program the only SBA approved micro-lender in the State of Nevada.

Small Business Lending

Prestamo’s mission is to build stronger communities by providing access to affordable capital through non-traditional small business financing resources in Arizona, Nevada, and New Mexico. Prestamos is committed to addressing the lack of access to affordable capital and provides economic opportunities for small and emerging small businesses to start and grow. 

Prestamos loan products are designed to address common barriers to capital such as

1) Lack of collateral
2) Credit blemishes
3) Insufficient equity and or cash flow

In addition, Prestamos provides technical support to its clients.

Prestamos Loan Products:
  • Micro-Loans ($5,000 - $50,000)
  • Small Business Loans ($50,000 - $500,000)
  • SBA-Community Advantage Loans ($100,000-250,000)

For more information contact:
1 (702) 323-3903