The State of New Mexico has provisions for a wide range of tax and other incentives, including those related to Continue reading
Author Archives: Admin
Job Training Incentive Program (JTIP)
JTIP is one of the most popular incentive programs in New Mexico. It pays for classroom and on-the-job training for newly-created Continue reading
Angel Investors
Angel investors are high net-worth individuals who invest on their own or together as a group in seed– or early-stage Continue reading
Venture Capital
Venture capitalists invest in rapid-growth and scalable businesses in exchange for an equity position in the company. New Mexico Continue reading
US Small Business Administration (SBA) Loans
The SBA has a number of loan programs that are offered through banks and financial institutions. The SBA provides Continue reading
Crowdfunding
When used in a business context, crowdfunding refers to the raising of capital by giving small equity positions in a business to many investors in exchange for cash. The JOBS Act (Jumpstart our Business Startups Act) amends US securities law to allow equity offerings to bypass SEC registration under certain circumstances. Once the rules governing the Act are implemented, the result is expected to be greater funding opportunities for small businesses.
Grant
Money, time or something of value that is awarded for a particular purpose. Generally, grants do not need to be paid back unless the recipient does not perform to the specifications of the grant.
Loan Guarantee
A promise made by a person or organization other than the borrower to assume the borrower’s debt if the borrower defaults on the loan. When a loan guarantee is extended by the US Small Business Administration (SBA) or the US Department of Agriculture (USDA), the local bank’s risk is decreased and the borrower is often able to obtain a larger loan than if the bank assumed all of the risk.
Your Local Bank
Your local bank is the first place you should go when you need a loan. Your community banker knows the local market and…
Continue readingU.S. Department of Agriculture Rural Development
USDA Rural Development is an economic development agency of the federal government committed to helping improve Continue reading