Nickel by Nickel Reno Rebuild grows to provide unique loans to small, local downtown businesses. This January, the project will provide a $28,000 loan to Sierra Mobile Storage to provide storage solutions for Reno, Carson City, Lake Tahoe, and the Northern Nevada region.
Reno Rebuild is an alternative to support funding and reward unique businesses with loans ranging from $5,000 to $50,000. These loans extend over 3-5 years and have a low interest rate. All interest and loan repayments go directly to the Reno Rebuild Fund for future projects and investments in our community.
The global Covid-19 pandemic has brought a new need for the local community for financial support and small businesses. In September of this year, the owners of the Reno Rebuild project granted the owners of Bar Down Hockey a $50,000 business loan, and they have continued to show support by selecting Sierra Mobile Storage as the 2022 recipient.
Owners Luke & Staci Stevenson saw the need to create their new company in January 2020 after studying self-storage for several years and seeing the growing demand in our area. They have finally created the opportunity to offer safe and secure storage along with personal and professional service and communication.
Every time a guest enjoys a drink or meal at Sierra Tap House, Ole Bridge Pub, and Brewer’s Cabinet, a nickel for every item sold goes to the Reno Rebuild chest. When the fund can, the fund owners Michael Connolly, Chris Cale, and Zachary Cage, the owners of the above foundations, help pick one compelling idea from an individual in Reno for a small business loan to make their dream come true.
Under the pandemic, the biggest challenge for owners is to find the money to buy containers quickly enough to meet demand. Conventional financing has been difficult because banks have specific and strict guidelines for lending to new businesses. “Reno Rebuild is a rare and valuable program.” Owner Luke Stevenson says, “We’ve been where we are, struggling to get financing to grow and thrive.”
Being a locally owned and operated store allows the owners to devote attention to each customer, providing a safe and secure warehousing experience. “What we are looking for is a great idea that will bring something new to our city and improve our lives,” said Kahl, co-founder. “Sierra Mobile Storage is exactly the kind of business we strive to support,” Cal said.
A Reno Rebuild loan is a low-interest loan with principal and interest going back into the fund to help it grow, so more ideas are funded each year. All money raised stays in Northern Nevada, supporting the local economy and helping rebuild our community – one small business at a time!
This year, Sierra Mobile Storage acknowledged the rapid influx of new residents into the Reno-Tahoe Basin; The company will use the financial support to increase the stock of warehousing and support services. With societal support for businesses already growing, it made sense to support the continued growth of this company through the Reno Rebuild project,” said Cage, Co-Founder.
If you want to support the Reno Rebuild project, you can easily buy a beer or a meal from the above restaurants; Your nickel will add up. To be an even more significant part of the illustrious Reno Rebuild project, donate directly (and more nickels!) to the fund. Help raise the level of our community and make the dream come true.
For more information, visit http://renorebuild.com/