The nonprofit lender and resource provider WESST is just one of the small-business loan providers that will offer information at the 2025 Black Business Summit on February 28 in Rio Rancho. The event is free, but registration is required due to limited space.
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TEAM Fund Offers Zero-Interest Loans
The Regional Development Corporation’s TEAM Fund will begin accepting applications from businesses in Northern New Mexico on February 18, 2025. RDC’s Technology & Manufacturing (TEAM) Fund awards up to $20,000 in no-interest loans to technology and manufacturing companies on track to add jobs, grow revenues, and attract additional funding or investment.
Continue readingLoan Enables Contract Fulfillment for REI
Jonathan Ballesteros is the inventor, founder, and CEO of Geyser Systems, a manufacturer of portable water systems. When the company obtained a large contract with REI Co-op, Ballesteros turned to the small-business lender B:Side Fund for a loan to expand production.
Geyser Systems designs and manufactures products that address real-world problems faced by 2.3 billion people: water-scarcity and sanitation. Their flagship product is a hot, portable shower that uses less than one gallon of water and is ready to use in as little as five minutes.
Continue readingRural Businesses Can Get Free Coaching – With or Without a Loan
The nonprofit lender RCAC provides no-cost direct technical assistance to rural entrepreneurs and small businesses to launch or re-launch their business; operate, sustain, and grow their business; secure access to financing; and build networks.
Continue readingGrant and Loan Program Helps Businesses Install Renewable Energy Systems
U.S. Department of Agriculture (USDA) Rural Development REAP provides grants and low-cost loans to agricultural producers and rural small businesses interested in saving money by saving energy. The Rural Energy for American Program (REAP) aims to reduce the amount of greenhouse gas pollution that affects the climate. REAP grants and loans help businesses purchase and install renewable energy systems and make energy-efficiency improvements.
Continue readingBusinesses Paid to Hire Interns
Small businesses in need of workers can hire an intern and receive pay reimbursement of up to $4,800 per intern through the Paid Internship Assistance for Employers program at Central New Mexico Community College. The program aims to give students real-world working experience as it connects businesses to a talent pipeline of potential future employees from CNM.
Continue readingResources for Creative Entrepreneurs Suffering Hardship
Suppose a disaster, illness, or other hardship disrupts your ability to work as a creative entrepreneur. In that case, you can apply for emergency relief funding or support services based on your artistic field.
Continue readingNew Mexico MEP Helps Company Go Lean
In 2014, Adam Wagoner attended a Lean 101 workshop conducted by Denise Williams, Northwest Region Innovation Director for New Mexico Manufacturing Extension Partnership (MEP), when it hit him that lean strategies would be a good fit for Largo Tank’s longstanding company culture of promoting from within and encouraging professional development among workers.
Wagoner is an owner and vice president of Largo Tank and Equipment, a three-location manufacturing and service facility for truck-mounted equipment, fire equipment, truck tanks, and tank trailers in the Four Corners region.
Largo’s focus is welding and mechanical service work on all types of semi-trailers, tankers, and truck-mounted equipment. The company holds an American Society of Mechanical Engineers (ASME) U-stamp for pressure vessel manufacturing and an R-stamp for pressure vessel repairs.
Continue readingVAPG Grant Awards Up To $75,000 For Feasibility Studies
The portal to apply for a Value Added Producer Grant is open until April 17, 2025, but agriculture producers and food manufacturers should prepare now to apply. The VAPG program, funded and administered by the U.S. Department of Agriculture Rural Development, awards up to $75,000 for feasibility research and planning and up to $250,000 for operating expenses to individual businesses and organizations engaged in adding value to agricultural products.
Continue readingDo You Know if Your Business Idea is Feasible?
The nonprofit lender and business development organization WESST aims to help entrepreneurs discover if their business idea is feasible. Join WESST online on Monday, February 3, 2025, from 12:30 pm to 2:00 pm to learn about the research and resources every entrepreneur should explore before launching a new business.
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