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Small Business Loan ($20,000 - $250,000+)
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​For entrepreneurs just getting started to established businesses looking to grow, we offer a wide range of term loan options that we customize based on your needs. Existing businesses revenue must not be greater than 30% less than 2019 monthly average revenue.
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SBA Community Advantage ($35,000 - $250,000)
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​Financing with a guarantee from the U.S. Small Business Administration for new and existing businesses who would otherwise be ineligible for a term loan.
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Commercial Real Estate Loan ($50,000 - $2,000,000)
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​For experienced entrepreneurs looking to purchase a location for their business, we offer owner-occupied commercial real estate business loans.
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Re-Open Express ($1,000 - $10,000)
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​Provides quick access to capital to help your business retrofit and purchase supplies to become compliant with health and safety requirements for COVID-19.
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Re-Start Recovery ($1,000 - $50,000)
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​Provides two months working capital based on 2019 average expenses. Available to small businesses that take appointments including doctors, dentists, hair, nails, car repair, etc. that are currently re-opened.
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Contact:
1-800-508-7624
We’re a non-profit organization that helps minorities and women business owners with limited access to capital have a chance to live their dreams. We provide small business loans for startups and established businesses in Albuquerque and throughout New Mexico.
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Small business loans up to $ 1million
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Startup loans up to $50,000
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Business and Financial Training
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Contact:
1-888-215-2373
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Small Business Loans (up to $500,000)
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SBA Microloan Program (under $50,000)
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Loans can be used for: working capital, inventory or supplies, furniture or fixtures, machinery or equipment​
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Loans less than $10,000 carry interest rates of 8.7%, loans above $10,000 carry interest rates of 7.875%, all loans can have terms up to 6 years
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The SBA Microloans Program allows businesses to take advantage of The Loan Fund's Technical Assistance Program at no cost to the client.
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Pre-loan Technical Assistance:​
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Work with The Loan Fund’s experienced loan officers and staff to identify the strengths and needs of your business.
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Receive valuable recommendations specifically designed to meet your goals.
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Position yourself to potentially receive financing for your business.
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Post-loan technical assistance
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Work with your loan officer to evaluate the progress of reaching your business goals.
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Receive one-on-one business consultations and trainings in areas such as business development, marketing, accounting, and web development to help grow your business.
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SBA 504 Loans
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Nonprofit Loans
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CreativeFund
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The Loan Fund started CreativeFund to offer opportunities to help arts and cultural entrepreneurs launch or grow creative businesses in New Mexico.
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Sparked with a seed investment from the Kresge and Surdna Foundations,* CreativeFund provides free workshops and one-on-one coaching sessions specifically for creative entrepreneurs who want to learn strategies to make their businesses more successful.
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In addition, start-up and expansion loans may be available at favorable terms for creative entrepreneurs who cannot or choose not to pursue conventional banking loans.
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Contact:
505-243-8803
866-873-6746 (toll free
Otero Partners, Inc. (OPI) is a partnership between Las Animas and Otero Counties. The corporation is designed to provide business loan funds to work with a bank or other lender to provide low interest loans to higher-risk, for-profit businesses in both counties. Because creating and training Jobs for low/moderate income workers are important goals for OPI, an employers may be required to create or retain one full-time position for every $20,000 borrowed.
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Business Loan Funds may be used to start a new business, purchase an existing business, purchase real estate to be used in a business, purchase furniture, fixtures, equipment, and inventory, provide working capital for a new or existing business, and in some cases refinance existing debt.
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Business Loan Funds may not be used for construction or remodeling, real estate development, payment of delinquent taxes, gambling operations, pyramid operations, or agricultural related businesses (except if it is a value-added business).
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Contact:
Danelle Berg, Business Loan Fund Administrator
(719) 241-4992
Grant and Business Support
San Isabel Electric Association’s (SIEA) Economic Development team supports businesses through local, state, and federal grant and low-interest loan procurement. Loan specialties include: energy, broadband, housing, and business expansion. SIEA also hosts datasets and business analyst tools that support business relocation and expansion needs.
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SIEA’s Empower division works with both member and non-member residents and businesses to design for, or retrofit for, low cost power access and renewable generation. Businesses are encouraged to reach out to SIEA to learn about their resources.
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Contact:
Laura Getts, Business Development Manager
WESST Small Business Loans Include a Bonus: Support to
Help You Succeed
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One of the obstacles most commonly reported by entrepreneurs — particularly first-time business owners — is the difficulty obtaining capital to start or expand a business. WESST helps to fill this gap by providing small business loans for women and other entrepreneurs who encounter this difficulty. As a microlender, we specialize in financing viable businesses that don’t meet the criteria of banks or other traditional lenders.
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WESST Loan Fund Program
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Loans to help facilitate either the start-up or growth of small businesses that are unable to obtain financing through traditional loan sources. View the Eligibility Requirements for a WESST loan.
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Technology Toolkit Loan Program
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Loans to purchase computer related software, computer devices and/or to cover the costs associated with setting up or enhancing a business website, low interest rate and accelerated application process. More information on Technology Toolkit loans.
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Small Loan Program
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Business loans of up to $500 for the purpose of building a positive credit history or to improve an existing score.
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To start a loan inquiry process, fill out our Small Business Loan Inquiry. Also, review our Trainingsection which describes our course offerings and a calendar of classes offered at each WESST regional office.
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Contact:
Bette Bradbury, Regional Manager
Roseanna Perea, Program Coordinator/Trainer
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505-474-6556