Angel investors are high net-worth individuals who invest on their own or together as a group in seed– or early-stage Continue reading
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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 raising capital by giving small equity positions in a business to many investors in exchange for cash. Crowdfunded money can also be raised by offering a new or exclusive product, rather than ownership in the company, in exchange for cash. Crowdfunding is typically conducted on a website such as Kickstarter.
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.
Century Bank: Your Bank of Choice
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
New Mexico Small Business Investment Corporation
The NMSBIC was created by the Legislature in 2000 to support small businesses throughout the state by providing equity or Continue reading
State’s Investment Funds Help Baker Continue Mexican Traditions
F. Leroy Pacheco, CEO, The Loan Fund
“GOOD! GOOD! and more GOOD!” exults an online review from a satisfied customer of Albuquerque’s El Dorado Bakery. “This little gem of a bakery is probably one of the finest things in Albuquerque’s South East ‘San Jose’ neighborhood. … People are lined up out the door on a Saturday and Sunday morning.”
Many of those early birds are Mexican immigrants and neighborhood residents who hunger for the traditional Mexican breads and pastries that make El Dorado unlike any other bakery anywhere near the intersection of Broadway and Gibson boulevards Southeast. The bakery also serves breakfast and lunch all week and features menudo on weekends. Continue reading