loans

SBA and Treasury announce re-opening of PPP loans for businesses

The U.S. Small Business Administration (SBA), in consultation with the Treasury Department, have reopened the Paycheck Protection Program (PPP) for new borrowers and certain existing PPP borrowers.

The PPP will open to all participating lenders shortly thereafter. Updated PPP guidance outlining Program changes to enhance its effectiveness and accessibility has been released in accordance with the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act.

Two new programs approved to help South Lake Tahoe small businesses

SOUTH LAKE TAHOE, Calif. - The South Lake Tahoe City Council approved two programs during their meeting on Tuesday, both to help small businesses in the city limits as well as helping locals spending money locally.

The approved $75,000 to be used for the purchase of bonus gift cards with the Tahoe Chamber. While a person purchases gift cards for use at local businesses they get a bonus gift card paid through the City's funding.

City of South Lake Tahoe allocates funds to help with propane, food, and to go containers

SOUTH LAKE TAHOE, Calif. - During the city council meeting on Tuesday, funds were approved to further assist the community during the pandemic.

Resilience Fund-Tahoe awards first loan to Freshie's in South Lake Tahoe

The Resilience Fund-Tahoe has funded its first local loan to Freshies Tahoe. The funds helped save their outdoor patio deck, which was in desperate need of repair and will be critical to ensuring their future success serving customers outdoors.

“After many months of unsuccessfully trying multiple federal avenues for support of Freshies during the business disruption caused by the pandemic, we are thrilled to have qualified for this very generous Resilience Fund loan! We are ready to get our deck open! Thank you so much,” said owners Erik and Melodie Ulman.

SBA's Economic Injury Disaster Loans and Advance Program reopened

To further meet the needs of U.S. small businesses and non-profits, the U.S. Small Business Administration reopened the Economic Injury Disaster Loan (EIDL) and EIDL Advance program portal to all eligible applicants experiencing economic impacts due to COVID-19 Monday.

Letter: South Tahoe Chamber of Commerce offers leaders suggestions on reopening

The following is a letter sent to El Dorado County and City of South Lake Tahoe. It is published here in its entirety at the request of the author.

The South Tahoe Chamber of Commerce would like to offer encouragement and support of a revival of the local economy, while continuing to keep the health and safety of our residents in mind. Cases of COVID-19 have remained low in our region when compared to other more populated areas around the State and Nation. We applaud the quick action taken by the County and City that has helped us keep the case count low.

City Council votes to give $50K to local food sources; Works on business assistance plans

SOUTH LAKE TAHOE, Calif. - The South Lake Tahoe City Council voted Tuesday to give $50,000 to local charities who supply food to locals in need to help them meet the growing demand for food during the pandemic.

Bread & Broth, Bread & Broth 4 Kids, Christmas Cheer, Phoenix Food Pantry, and the Family Resource Center will all be getting a check for $10,000 each from the City to help fill their shelves to meet the need.

Fundraising campaign started to keep Emerald Bay Bar & Grill in business

SOUTH LAKE TAHOE, Calif. - Times are tough for many during the coronavirus pandemic with small businesses struggling to make ends meet when unable to have their doors open.

One of those businesses is Emerald Bay Bar & Grill at 888 SR89 in South Lake Tahoe.

Formerly known at Brother's Place, owner Spencer Weiss and his family and friends have turned to GoFundMe as a way to get donations and save the business.

Hundreds in line as Whole Foods Market opens its doors in South Lake Tahoe

SOUTH LAKE TAHOE, Calif. - As the doors opened at Whole Foods in South Lake Tahoe Wednesday morning, the line that had wrapped around the building made its way into the much-anticipated store grand opening.

The line started forming at 6:00 a.m.

Whole Foods announces grand opening in South Lake Tahoe

Event Date: 
November 6, 2019 - 9:00am

SOUTH LAKE TAHOE, Calif. - Whole Foods Market will be opening its doors in South Lake Tahoe on Wednesday, November 6. The new 28,500 square foot store will have an Opening Day celebration starting at 9:00 a.m. with complimentary refreshments, bites and music before the store opens. The first 300 customers will receive a Whole Foods Market South Lake Tahoe reusable tote bag, as well as a savings card with a mystery value ranging between $5 and $100 and a miniature loaf of bread to honor the Whole Foods Market tradition of breaking bread with the community.

LTUSD calls special meeting to discuss proposed energy efficiency projects and their financing

SOUTH LAKE TAHOE, Calif. - It currently costs the Lake Tahoe Unified School District (LTUSD) $1,073,855 a year to provide natural gas, electricity, and water to their nine locations, which is a cost of $ 1.77 per square foot.

They have been looking at ways to reduce these costs through their Sustainability Committee, and now a "Renewable Energy & Sustainability Committee Implementation Plan" has been presented to the Board of Education.

Kudos: Soroptimist International of Tahoe Sierra thanks Elegant Evening supporters

Dear Community, The sold-out 30th annual Elegant Evening 2019 at Harrah’s Tahoe was a huge success and that was due to the generosity of businesses and friends near and far. We are beyond thrilled that our special appeal for Challenge Day was met and exceeded!

Round two of campaign finance reports for South Lake Tahoe and El Dorado County

SOUTH LAKE TAHOE, Calif. - The second deadline for political campaigns to submit their Fair Political Practices Commission (FPPC) Form 460 in South Lake Tahoe and El Dorado County has come and gone. Required by the Fair Political Practices, all campaigns for positions and measures need to file if they have a committee and if they spend or receive over $2,000.

The Form 460 is the
comprehensive report that discloses all receipts and expenditures of a

South Lake Tahoe Money News: Investing for income; Why all income is not equal

Today we are faced with broad challenges in our investing climate. Rising interest rates and high stock valuations can create unforeseen challenges.

Did you know that all investment income is not equal, at least in the eyes of the IRS? Let us start with some of the basics before we digress into more complicated subject matter.

Tahoe Women's Community Fund to honor two locals during Membership Celebration Dinner

The Tahoe Women’s Community Fund (TWCF) will be celebrating two local women during their annual Membership Celebration Dinner on Tuesday, October 30, 2018, from 6:00 p.m. to 9:00 p.m. at Tahoe Beach Retreat. Tickets are on sale now for $35 each and can be purchased online at tahoewomenscommunityfund.org.

Everyone is welcome to attend, and it is the perfect opportunity to get to know the organization if you are not already a member.

Kudos: Saint Joseph Community Land Trust thanks Soroptimists of South Lake Tahoe

SOUTH LAKE TAHOE, Calif. - Saint Joseph Community Land Trust (SJCLT) was awarded a Community Service Grant from the Soroptimist International of South Lake Tahoe Foundation. The grant was in the amount of $1,800 and will be applied to our Motel to Housing Loan Program. SJCLT Board Members, Lyn Barnett and MaryAnne Brand attended the awards ceremony at a luncheon held in Harrah’s South Lake Tahoe.

El Dorado County vacation rental meeting rescheduled in South Lake Tahoe

Event Date: 
March 3, 2018 (All day)

The location and time are yet unknown, but the date has been set for the next El Dorado County Board of Supervisor's meeting on a vacation rental ordinance.

March 3, 2018 is the rescheduled special board meeting that was postponed after their Feb. 1 meeting had to be shut down due to an overcapacity crowd wanted to participate.

Victims of scams who paid on Western Union may be eligible for a refund

Scammers have been making money for years by convincing their victims to send money for a variety of reasons including promised prizes, loans, jobs, discounted products or other financial rewards in exchange for money upfront. At times the scammers even pretend to be family members in need of cash or law enforcement officers demanding payment. The scammers told people to send money through Western Union. No one received the cash, prizes or services they were promised, and before now there was no way to get their money back.

Vacation rental urgency ordinance on El Dorado County Supervisor agenda

There is an item on Tuesday's El Dorado County Board of Supervisor's agenda that caught many by surprise, especially those supervisors appointed to address the issue. Supervisor Shiva Frentzen is seeking conceptual approval of urgency ordinance to place a moratorium on the issuance of new vacation home rental permits in the unincorporated portions of the County located in the Lake Tahoe Basin.

Do shopping at South Lake Tahoe holiday fairs Sunday

Event Date: 
December 3, 2017 - 10:00am

Those on the South Shore will be treated to two holiday bazaars on Sunday, December 3, 2017.

Golden Bear Events is hosting their annual Winter Bazaar at the American Legion at 2748 Lake Tahoe Boulevard. From 10:00 a.m. to 4:00 p.m., holiday shoppers can find See's Candies, handmade jewelry, home decor, books from local authors, photography, treats from Don's Cakes by the Lake, Girl Scout Troop #123 will be selling handmade crafts, Beauty Control, hair accessories, fiber arts, clothing and more, plus the Cheer Team will be gift wrapping for a donation.

Opinion: Future costs of college and how to plan for it

As a parent, you may be concerned about how to pay for your child’s future higher education expenses. You want what’s best for your child and to help them fulfill their dream of becoming whatever they want to be. However, as we all know, the cost of college is getting more expensive each year. By the time your children are ready for college, it may be even more expensive than you thought.

New gas tax starts November 1 in California; Prices up 12 cents/gallon

Higher fuel taxes are set to start November 1, 2017, raising the base gasoline excise tax from 18 cents to 30 cents per gallon. Senate Bill 1 was signed into law by California Jerry Brown and contains other increases that will cover the state's transportation needs for the next ten years with an extra $52 billion in revenue.

Other funds are coming from a new transportation improvement fee based on vehicle value, and paying off past transportation loans, Caltrans savings, and new charges on diesel fuel and zero-emission vehicles.

El Dorado County receives loan to build 11-acre public safety complex

EL DORADO COUNTY, Calif. - El Dorado County has received a $57.14 million loan to build a public safety complex in Diamond Springs that will bring together the Sheriff’s Office operations which are currently spread out across 13 different locations in the county.

The loan is provided through the Community Facilities Direct Loan Program.

South Lake Tahoe and Placerville official Recycling Market Development Zone

El Dorado County has become the state of California's 39th Recycling Market Development Zone (RMDZ). This is a new designation for South Lake Tahoe and Placerville that will combine recycling with economic development to fuel new businesses, expand existing ones, create jobs and divert waste from landfills.

“With this designation, our County has another arrow in our economic development quiver to attract new business and help existing businesses expand,” said Tiffany Schmid in the County’s Economic Development Division. “And it helps make El Dorado County a greener place to do business.”

Federal disaster loans available for some nonprofits affected by January's storms

The U.S. Small Business Administration (SBA) has announced the availability of low-interest federal disaster loans for some California private nonprofit organizations. The federal government is offering assistance after the severe winter storms, flooding and mudslides hit the state Jan. 3-12, 2017.

The eligible nonprofits must provide essential services of a governmental nature.

Zawadisha's annual Holiday Bazaar Saturday in South Lake Tahoe

Event Date: 
December 3, 2016 - 10:00am

Zawadisha's annual Holiday Bazaar returns this holiday season on Saturday, December 3 at the Blue Angel Cafe in South Lake Tahoe from 10:00 a.m. to 3:00 p.m.

Knock out some of your holiday shopping while adding meaning to your gift by not only shopping local, but helping rural Kenyan women.

A portion of proceeds from this event allow Zawadisha to give small loans to rural Kenyan women for items with big impact like solar lamps, clean cook stoves, and water tanks. Stop by their table at the event to learn more.

Kudos: St. Joseph Community Land Trust thanks Kiwanis Club of Lake Tahoe

St. Joseph Community Land Trust wishes to thank the Kiwanis Club of Lake Tahoe for its recent donation to our 'Motel to Housing Program.' This program is designed to assist low-income working families who are living in substandard housing such as motels. Short-term loans are made to qualified households to help pay with upfront moving costs such as cleaning or security deposits and first and last month's rent. St. Joseph Community Land Trust wishes to express its sincere gratitude and thankfulness for your generous donation.

- Cathy Kope, Interim Exutive Director, St. Joseph CLT

Financial Tips: Create a holiday budget

As the traditional giving season approaches, there is one important item to add to your to do list: Create a holiday budget. Before the gift shopping and wrapping begins, take control of your wallet through financial preparation. Remember, you can avoid the credit card crunch and the dangerous pitfall of borrowing against your company's retirement savings plan or IRAs.

Here's how to establish a holiday wish list and spending budget:

Opinion: Planning for affordable housing on the South Shore – Let’s Go!

It’s time for the residents of South Lake Tahoe to employ one of their greatest characteristics with regard to affordable housing – creativity. Creativity is a prerequisite to thriving and sustaining in this town, it always has been. How many times has someone off the hill asked how you can make a living being here? We do it by willing it with creative, even experimental ideas, and now we need to do that together to put a halt to a terrible trend with housing.

Women as Change Makers Summit

Event Date: 
October 21, 2016 (All day)

A one-day summit celebrating the women* of Reno - Lake Tahoe - Truckee.  Women As Change Makers (WACM) is designed to provide women with the tools, knowledge, and network to take their business or career to the next level. Become inspired through the collective synergy of women. Leave enlivened with new skills and new friends.

WACM is an annual event benefiting Zawadisha, a local social enterprise whose mission is to provide small loans to Kenyan women to help finance their livelihoods. WACM is a bridge that connects the two communities we call home.

Location

Whitney Peak Hotel
255 N. Virginia Hotel Reno, Nevada 89501
United States
36° 58' 36.4476" N, 82° 34' 51.4452" W

Dr. Mandi Weavil wins Dancing With the Tahoe Stars

A packed house at MontBleu Resort Saturday night witnessed ten local celebrity couples dancing for the ultimate prize, the mirror ball trophy, during Tahoe Art's Project annual Dancing With the Tahoe Stars fundraiser.

After a few weeks of practicing with their trained professional partner, the celebrities put on an entertaining show that brought out the cheers and applause, and lots of money for the non-profit.

Locals competing for mirror ball trophy in Dancing With the Tahoe Stars

Event Date: 
March 5, 2016 - 6:30pm

For the past few weeks, "celebrities" from South Lake Tahoe have been practicing with their professional partners, all in a quest to win the coveted mirror ball trophy in the Tahoe Arts Project's 4th annual Dancing with the Tahoe Stars

All of the rehearsing, and nursing aches and pains, have come down to this, the final event which will be held at MontBleu Resort on Saturday, March 5 at 6:30 p.m.

South Tahoe Now caught up with a few of the couples in their secret rehearsals as they polished up their dance moves in preparation for the big night.

Contestants for Dancing With the Tahoe Stars announced

Event Date: 
March 5, 2016 (All day)

The next cast for the Tahoe Arts Project's Dancing with the Tahoe Stars has been announced, and the list contains ten South Lake Tahoe business owners, educators, police sergeant, and other well known locals.

Professional dancers will be working with the "celebrities" to teach them each a dance they'll bring to the MontBleu stage on Saturday, March 5, 2016.

The Stars:

Dr. Kelly Shanahan will be teamed up with Rainer Herm to dance Disco.
Iris Kahm is teamed up with Jorge Favio Orozco to dance Salsa.

Change the world while shopping at Zawadisha Bazaar in Lake Tahoe

Event Date: 
December 5, 2015 - 10:00am

Zawadisha's annual Holiday Bazaar is back again, and this time in a new location. Join them at the Blue Angel Cafe on Saturday, December 5 to knock out your holiday shopping while helping to change the world at the same time. The event will be held in the loft upstairs at the restaurant located at 1132 Ski Run Blvd. from 10:00 a.m. to 3:00 p.m.

Entrance is free and all ages are welcome.

Council passes new South Lake Tahoe Vacation Home Ordinance

In response to noise, trash and occupancy complaints, the City of South Lake Tahoe has adopted a new Vacation Home Rental Ordinance. The vote was 4-0 in favor since Councilman Tom Davis had to recuse himself since he is part owner of Tahoe Keys Resort.

Friday's Business Expo to feature 100 local businesses

The most innovative South Shore businesses will exhibit at the 2015 Business EXPO: Innovation in the Basin on Friday, March 27. The largest business and networking event of the year, Tahoe Chamber’s Business EXPO includes 100 local businesses ranging from restaurants and resorts to recreation providers to retailers. The event includes food and drink tastings, giveaways and a new networking lounge sponsored by the City of South Lake Tahoe, Winters Construction Group and Red Carpet Events and Design.

South Lake Tahoe's Year in Review - 2014

The following is a summary of accomplishments during 2014 by the City of South Lake Tahoe.

Strategic Priority: Fiscal Sustainability
The most important issue facing cities and local agencies is continued steadfast attention to the budget, both short term and long term fiscal impacts.

· Implemented “budget watch” approach to financial analysis; a year-long effort evaluating state, national and global economic impacts for South Shore economy, and capital investment opportunities

South Lake Tahoe's Year in Review - 2014

The following is a summary of accomplishments during 2014 by the City of South Lake Tahoe.

Strategic Priority: Fiscal Sustainability
The most important issue facing cities and local agencies is continued steadfast attention to the budget, both short term and long term fiscal impacts.

· Implemented “budget watch” approach to financial analysis; a year-long effort evaluating state, national and global economic impacts for South Shore economy, and capital investment opportunities

Accessing Capital for Your Business Workshop and Lender Expo

Event Date: 
October 15, 2014 - 3:00pm

TahoeChamber, Lake Tahoe Community College and U.S. Small Business Administration will present the Accessing Capital for Your Business Workshop and Lender Expo on October 15, 2014 from 3:00 pm to 5:30 pm. The Lender Expo will be held in the cafeteria of Lake Tahoe Community College during the whole time while the workshop will be held in the Creekside Room from 3:30 p.m. to 4:30 p.m.

Special election held to replace El Dorado County Supervisor Nutting

Six candidates are vying for the open El Dorado County Supervisor Area 2 seat left vacant by the departure of ousted Ray Nutting.

With 100% of the vote counted, Shiva Frentzen led the pack with 30.96% (2,374) of the vote. Troubled and ousted Supervisor Ray Nutting's wife Jennifer is also one of the candidates. She ended up with 13.21$ of the vote.

Plastic Bag Ban headed to the Governor Brown's desk

California may soon be the first state to have a ban on single use plastic bags.

A ban on single use plastic bags is already in place in South Lake Tahoe and 90 other cities and counties in the state of California, but that may soon change. If Governor Brown signs the bill that was sent to him on Friday, the whole state will have a ban on plastic bags for grocery stores and large pharmacies in 2015 and convenience stores in 2016.

Mud cleanup continues in the Carson Valley

Cleanup efforts continue on roads in the Carson Valley that were covered in mud, dirt and debris after the flooding developed after the wet storm that hit the area on July 20.

Crews from Douglas County as well as private contractors are on the job.

Shortly after the flooding began, County Commission, Staff and East Fork Fire met to develop an action plan and began calling for additional resources from Carson City. A declaration of Emergency was not declared due to fact that the flood did not rise to the level of overwhelming the county’s resources to protect health and safety.

Competitive edge added to this year's Sample the Sierra

Festival goers will have their say this Labor Day weekend as Sample the Sierra adds a competitive edge to the food and wine festival with the introduction of a new award – Best Tasting Experience! Attendees will vote for the booth that has their favorite flavorful creation that includes fresh ingredients that are prepared by a local chef or restaurant and then paired with regional wine, beer or spirits. The booth with the most votes will be awarded the Best Tasting Experience of 2014.

El Dorado County Supervisor Ray Nutting Ousted From Office

During Ray Nutting's sentencing on six misdemeanor charges stemming from loans received for the purpose of getting bailed out of jail, Judge Timothy Buckley ordered Nutting to vacate his County Supervisor seat for District 2.

Buckley also sentenced him to three years of probation and 30 days of community service.

El Dorado County Supervisors Hold Off on Action Concerning Ray Nutting

On May 14th, El Dorado County Supervisor Ray Nutting was found guilty on six misdemeanors involving illegal and undocumented loans from county employees and a county contractor.

Nutting was found not guilty on three felony charges including filing false documents, perjury and approving conflict-of-interest contracts.

The El Dorado County Board of Supervisors met with legal counsel Wednesday to discuss whether Supervisor Ray Nutting was suspended from the office of county supervisor by operation of law because of jury verdicts on May 14, 2014 that found him guilty of six misdemeanors.

Trish Kirsch Joins the Stanford Mortgage Team

Trish Kirsch is the latest addition to the Stanford Mortgage team in Reno. Trish brings several accolades with her, such as President’s Club, Platinum Club and Million Dollar Producer’s Club recognition. She is specialized in Super-Jumbo and Construction Loans and has a “whatever-it-takes” attitude when closing deals for clients. She believes in honesty without compromise and Stanford Mortgage expects great things from Trish in the future.

About The Select Group

Seeking Sierra Nevada AmeriCorps Partnership members; applications due August 1

Event Date: 
August 1, 2013 (All day)

Do you love the Sierra? Want to help restore and protect the Range of Light while gaining valuable environmental professional experience?

Apply today to become a Member of the 2014 Sierra Nevada AmeriCorps Partnership (SNAP) and serve with UC Davis Tahoe Environmental Research Center

El Dorado County women indicted in nationwide $60 million tax fraud refund scheme

In an indictment unsealed Tuesday, three El Dorado County women — Teresa Marie Marty, of Pollock Pines, Rebecca Bandera-Marty of Shingle Springs, and Pamela Harris of Placerville — were charged with conspiring to defraud the United States, the U.S. Department of Justice and the Internal Revenue Service announced.

In addition to the conspiracy count, Marty is charged with 33 counts of false claims against the United States, and Bandera-Marty is also charged in 16 of these counts.

Interest rate is now at an all time low for program designed to help you buy a home

A popular, new program offered by the Nevada Rural Housing Authority (NRHA) is making home ownership even more affordable. Through the Home at Last™ Access program, qualified home buyers receive a generous 4 percent down payment grant, which does not have to be paid back. Now, the program is offering even lower mortgage interest rates on a conventional, 30-year fixed rate loan. Through participating lenders, the interest rates on FHA, VA or USDA-RD home mortgages have dropped from 3.75 percent to the current rate of 3.5 percent, which is an historic low.

Nevada Affirms U.S. Agriculture Department Drought Disaster Declaration

CARSON CITY — Nevada today affirmed the U.S. Department of Agriculture’s automatic drought disaster declaration, which applies to all 17 Nevada counties.

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