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!

Best regards,