Web-Based Services Aim to Make Business More Manageable

web toolsThe Internet has linked New Mexico businesses with a worldwide web of customers, and it’s also provided a universe of cost-cutting and time-saving tools that are simplifying many aspects of running a business. Better yet, many of these tools are free or affordable.

Many businesses already use social media sites like Facebook and Twitter to advertise products, offer discounts and interact with customers. Even critical comments from customers help businesses by pointing out correctable problems with service or products; they’re a cheap form of damage control and quality control. Continue reading

Accion Loan Helps Couple Expand Tea Business Beyond New Mexico

By Justin Hyde, Accion loan officer

By Justin Hyde, Accion Loan Officer

Hoa Tran Luong and her husband, Vi, were in a relatively enviable position when they approached Accion New Mexico ∙ Arizona ∙ Colorado in 2012 for a loan to expand their Boba Tea Company beyond Albuquerque.

The Luongs had financed their own startup in 2005 using money from another Albuquerque business — Noble Collectibles. Over the next seven years, that first Boba Tea Company location spawned four more stores.

“Boba Tea came to us with strong fundamentals in place for their loan request and a great vision of the next stage of their business’ growth,” said Jordan van Rijn, a senior loan officer at Accion.

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