Owners looking for a loan for their small business should be familiar with the 5 Cs of Credit. Character, capital, collateral, capacity, and conditions determine if a traditional lender will offer a loan to a business owner. New and aspiring business owners can learn about the 5 Cs of Credit on Thursday, October 2, 2025, in a workshop hosted by the nonprofit lender WESST.
Continue readingCategory Archives: New Opportunities
Sell Your Art to the Government
New Mexico-based artists can apply to sell their work to New Mexico’s Art in Public Places Program. The deadline to apply is September 22, 2025.
Continue readingApply to Pitch for Cash
Businesses in the outdoor recreation industry can apply by Sept. 30 to pitch their company services or products at the 2025 Adventure Pitch Fest. The event offers $15,000 in cash prizes split among three pitch fest winners.
Continue readingFinancial Statements Tell the Good and Bad
Financial statements are a business owner’s best friends when the owner takes the time to look at them. They indicate the good and bad of a business’s operations. Financial statements such as the Balance Sheet, can be a snapshot in time, while others, like the Statement of Cash Flows, Budget vs. Actual Income Statement, and Profit and Loss Statement, show trends over time. All of them are essential for knowing how the business is performing.
Continue readingState’s Business Resources On Display
New Mexico offers an abundance of resources to help new and established businesses reach their goals. Many will be on display at an expo-style event on August 29, 2025, in Santa Fe. The event is open to the public, and participants are encouraged to walk around, meet institutional representatives at their tables, and engage in informal conversations about available resources and potential partnerships.
Continue readingLease or Buy a Building?
Owners of businesses seeing an increase in profits often wonder if they should continue to lease their building or buy one of their own. Increasing profit is just one factor to consider when deciding if it’s time to buy a commercial building. Many other factors are just as important.
Continue reading8-Month Business Accelerator Program
The Center for Responsible Entrepreneurship at UNM Anderson School of Business is offering an eight-month business accelerator program to help individuals and businesses take their ideas to the next level. Participants do not have to be enrolled at UNM. Applications will be accepted until August 22 for the program that begins on September 6, 2025.
Continue readingBoost Your Publicity
The New Mexico Chapter of the Public Relations Society of America is hosting a “Meet the Press” event to help public relations professionals and businesses strengthen their ties to the media. The July 31, 2025, event aims to deepen understanding of today’s media landscape and build stronger, more effective relationships with journalists and media outlets.
Continue readingBusiness Plan is Guide to Success
A business plan is a document that spells out a company’s expected course of action for a specified period, usually including a detailed listing and analysis of risks, uncertainties, and opportunities. For the small business, it should examine the proposed products, market, industry, management policies, marketing policies, production requirements, and financial needs.
Continue readingRaise Capital for Your Tech Business
Scale Up NM is offering a free business support program to New Mexico tech startups called the Capital Raise Sprint. This 6-week virtual accelerator is designed to help early-stage entrepreneurs understand how to fund their growth through financial tools that include angel investors and venture capital investors.
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