A loan or part of a loan that has a secondary position to another loan if the borrower should default on their debt. In the case of default, the subordinated loan would receive payment after the primary lender is paid off. Subordinated loans are typically provided by government entities and may represent a portion of the total loan.
Author Archives: Admin
NM MEP Helps Entrepreneur Prepare Revolutionary Product
Matt Moser, Innovation Director, NM Manufacturing Extension Partnership
Most entrepreneurs who approach the New Mexico Manufacturing Extension Partnership are well along in production of an invention or commodity. Some operate decades-old businesses but need help identifying and overcoming production bottlenecks and instituting lean processes that can increase their profitability and competitiveness.
Vince DiGregory tapped into the talent at MEP before he had even built a prototype for the folding flat-pack modules he hopes will revolutionize the temporary shelter industry for military and disaster relief operations.
DiGregory’s invention is an 8-by-8-foot folding structure that can interlock with other modules to create larger enclosures. The lightweight structure can be rapidly assembled and taken apart, making it ideal for small-scale, temporary operations. Continue reading
Small Business Innovation Research Program (SBIR)
SBIR and a related program, Small Business Technology Transfer Program (STTR), grant money to small Continue reading
Other Incentives
The State of New Mexico has provisions for a wide range of tax and other incentives, including those related to Continue reading
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 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.