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Nevada businesses, hospitality got $4B in federal loans

LAS VEGAS (AP) — Nevada business received more than $4 billion in loans under a federal rescue package designed to aid small businesses during the coronavirus pandemic. Data released by the U.S. Treasury Department this week showed more than 42,000 loans were issued to businesses in the Silver State, with some of the biggest benefactors among the state’s hospitality industry. Restaurants received more loans and more loan money than any industry in Nevada, getting somewhere between between $138 million and $260 million in loans. Casino resorts received somewhere between $42 million and $98 million in loans while non-hotel casinos received somewhere between $32 million and $72 million.

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