Clearinghouse CDFI (Community Development Financial Institution), which provides affordable, flexible loan solutions to support small- to medium-size businesses, entrepreneurs, developers, and nonprofits, is offering a live webinar to give insight into credit evaluation.
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New to Loans? This Will Help
The nonprofit business development organization WESST is offering a workshop to introduce small business owners and entrepreneurs to its lending program, which includes SBA loans. Participants will learn about the 5 C’s of credit as they pertain to the lending industry in general vs how WESST determines loans. Participants will also have an opportunity to ask questions and discuss the next steps.
Continue readingWESST Offers Financial Literacy Training
The nonprofit economic development organization WESST is now offering financial literacy training through its Money Learning Lab. The lab brings small business makers, doers and dreamers together to access tools that will help build their business.
Continue readingLoan Fund Client Wins SBA Statewide Award
Silvia Terrazas, owner of Paleteria La Reyna Michoacana, was named the New Mexico SBA’s 2024 New Mexico Women-Owned Small Business of the Year. Terrazas’s Las Cruces business makes Michoacana-style ice cream and popsicles, known as paletas, and sells them along with other items such as pinatas, candy, and Mexican party favors. A loan from the nonprofit lender The Loan Fund enabled Terrazas to construct and occupy a new building when she was ready to expand.
Continue readingPower Up With DreamSpring’s Power Line of Credit
Businesses that have fluctuating capital needs often use a line of credit, which allows them to borrow only what they need, repay all or part of the loan, and repeat as necessary without having to apply for a new loan every time additional funds are needed. The Power Line of Credit offered by the nonprofit lender DreamSpring gives eligible businesses this type of flexible financing.
Continue readingGrants Offered by the RDC
The Regional Development Corporation (RDC) is accepting applications for 2024 grants from its Tribal Economic Diversity Fund. The deadline to apply is August 15, 2024.
Continue readingGet Advice from Small Business Lender LiftFund
The nonprofit small-business lender LiftFund is offering workshops to help entrepreneurs make crucial decisions ranging from whether to start a new business to how to price their products. Most workshops are conducted online, and many orient toward a specific geographical location such as Dona Ana County.
Continue readingEDD Launches New Technical Assistance Program
The New Mexico Economic Development Department (EDD) is launching a new initiative aimed at assisting small, disadvantaged businesses with technical assistance so they can better succeed. HatchForm LLC, WESST, and UNM Anderson are the initial providers for this program.
Continue readingRCAC Bolsters Canjilon’s Push for Water Security
The small Rio Arriba County village of Canjilon is a living testament to the deep-rooted heritage of its community. Home to nearly 300 residents, Canjilon’s roots stretch thousands of years, during which the Pueblo, Apache, and Navajo peoples have called the surrounding lands home.
Water scarcity has always been a defining challenge in high desert communities, with sparse population density and modest financial resources compounding the problem. However, in recent years, prolonged drought and unpredictable climate shifts have nudged the village’s already vulnerable water supply and vital infrastructure toward a tipping point.
Continue readingLenders Helping Lenders: Homewise Gets Loan from Clearinghouse CDFI to Support Small Business
Clearinghouse CDFI (CCDFI) provided a $800,000 loan to Homewise, Inc. to build out a locally owned and operated restaurant in Santa Fe.
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