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.
Author Archives: Admin
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
Taos Entrepreneurial Network
Network facilitators help entrepreneurs identify their strategic needs and goals. One-to-one coaching is provided free of charge and is offered on an Continue reading
San Miguel County Entrepreneurial Network
Network facilitators help entrepreneurs identify their strategic needs and goals. One-to-one coaching is provided free of charge and is offered on an Continue reading
Rio Arriba County Entrepreneurial Network
Network facilitators help entrepreneurs identify their strategic needs and goals. One-to-one coaching is provided free of charge and is offered on an Continue reading
Tucumcari-Quay County Chamber of Commerce
Chambers of Commerce are charged with creating a business-friendly environment to help their member businesses grow. Continue reading
Truth or Consequences Chamber of Commerce
Chambers of Commerce are charged with creating a business-friendly environment to help their member businesses grow. Continue reading