Getting Back to Business
Now that 2020 is finally in our rear-view mirror, Nevadans are looking forward to getting back to normal as vaccination rates increase and restrictions ease.
Our 2021 Small Business Survey, released last month, showed that the businesses we surveyed expect to return to pre-COVID-19 levels in an average 1.8 years. Nearly half of respondents believe Nevada’s business environment will get better in 2021, and 30 percent plan to increase their staff this year.
People who have been unable to travel for more than a year are now eager to go on vacation. According to NSB board member Jeremy Aguero of Applied Analysis, 38.9 percent of American travelers believe now is the time to spend money on leisure travel. That’s great news for our tourism-based economy.
Here at Nevada State Bank, we’re gradually bringing back colleagues who have been working remotely, and we’re ramping up to make sure we can support our clients as they make plans for the recovery. Businesses that are planning to expand their operations or increase staffing may need a line of credit or business loan to help with cash flow. The low-interest rate environment may offer an opportunity to purchase their business space instead of leasing.
People who have been forced to stay at home for an extended period of time now realize how important it is to have a comfortable, practical home base. If they are ready to set up a truly functional home office, expand a too-small kitchen, or add a swimming pool, a home equity loan may be the solution. Low interest rates also make it attractive to get an auto loan for those road trips we’ve all been missing.
Whatever your financial needs as we start getting back to our normal lives, I hope you’ll think of Nevada State Bank as a resource to help you achieve your goals. Here’s to a happy and healthy summer!
Terry A. Shirey
President & Chief Executive Officer
Nevada State Bank
*Loans subject to credit approval. Terms and conditions apply. See banker for details.
LETTER FROM OUR CEO ARCHIVE
|February 2020||Nevada HAND
|March 2020||We're Here for You|
|May 2020||Helping Nevada Businesses With Paycheck Protection Loans|
|October 2020||Help NSB Fight Type 1 Diabetes at the JDRF One Walk|
|November 2020||Giving Thanks and Looking Forward|
|January 2019||Las Vegas: Becoming a World-Class City
|March 2019||Honoring Nevada's Family-Owned Businesses|
|July 2019||Heading for a Three-Peat?|
|October 2019||Business Leaders Represent Nevada in Washington, D.C.|
|December 2019||Thanks for 60 Years|
|January 2018||Time to Dust Off Your Financial Plan|
|March 2018||Our Commitment to Nevada Communities|
|May 2018||Insights from Nevada State Bank's Small Business Survey|
|June 2018||Supporting the Reno Community|
|August 2018||Representing Nevada's Interests in Washington|
|April 2017||2017 Small Business Survey Report Shows Optimism|
||Developing Women Leaders
|June 2017||Supporting Innovation with Allegiant|
|July 2017||Nevada State Bank Helps "Fill the Bus"|
|August 2017||Why You Should Vote for Nevada State Bank|
|October 2017||Help for Victims of Las Vegas Tragedy|
|November 2017||Nevada State Bank: Best in Nevada|