Arrowhead Center, in collaboration with the U.S. Small Business Administration, is offering BizSprint Doña Ana, a FREE business support program for existing and aspiring business owners in Doña Ana County.
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The Loan Fund Helps Fund Building Purchase
Brandy Castillo, MS, MSW, LCSW-S, created her behavioral health company in 2013 when she was starting a family and looking for a way to build a home-based practice. Clients were seen at her home on an old farm just outside of the City of Belen in Valencia County, New Mexico.
In 2018, the business name was officially changed to Hearth & Soul of New Mexico when Brandy’s husband Ignacio became co-owner and billing manager after retiring from the New Mexico Department of Corrections.
The business, which is rooted in compassion, expanded to offer services in Mesilla and Albuquerque. Heart & Soul aims to foster a supportive environment that encourages growth, self-discovery, and the realization of one’s fullest potential. Its 35 healthcare providers and staff specialize in a wide range of behavioral health services, including therapy and psychiatry to treat depression, anxiety, substance use, trauma, and more. It does this through individual and group therapy, psychiatry, and enhanced case management.
In January 2024, Brandy went to The Loan Fund for financial help to purchase a building in downtown Belen, where she could serve more clients from a central location.
Continue readingCalling All Creative Entrepreneurs
DreamSpring, a nonprofit Community Development Financial Institution (CDFI) and Small Business Administration (SBA) lender, has launched a new loan and technical assistance program designed specifically for small businesses and entrepreneurs in the creative industries. DreamCreative, with support from Etsy’s Uplift Fund, offers personalized funding solutions and complementary business education crafted for creative small businesses.
Continue readingEntrepreneurship Bootcamp
Native American Veterans interested in starting or growing a business are encouraged to apply to attend a two-month entrepreneurship bootcamp that combines online and in-person learning. Applications are being accepted until August 12, 2024.
Continue readingThe 5 Cs of Credit
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.
Continue readingNew 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.
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