The U.S. Small Business Administration partners with nonprofit lenders to help businesses access small infusions of cash for working capital and expenses related to inventory, supplies, equipment, furniture, and fixtures. The SBA Microloan Program aims to help small businesses that are unable to access capital from traditional sources. The average loan size is $13,000.
Continue readingCategory Archives: New Programs, Open Opportunities and Announcements
SBA Small Business Week – Virtual in 2022
Congratulations to Joy Colucci, CEO of Metis Technology Solutions, who has been named New Mexico Small Business Person of the Year by the US Small Business Administration New Mexico District office. Ms. Colucci will speak about her business journey at an award ceremony on May 3 and will join other state and regional awardees at this year’s SBA Small Business Summit on May 5 as part of the SBA National Small Business Week Summit, which runs from May 2 through May 5. All events are offered virtually this year.
Continue readingHelp for New Mexico Tourism Businesses
The New Mexico Tourism Department has launched the Tourism Event Growth & Sustainability Program to help preserve, grow, and sustain New Mexico’s tourism events. Businesses engaged in tourism can get financial and planning assistance to develop or support their tourism-related events.
Continue reading7A Community Advantage Still Available
The U.S. Small Business Administration created the 7A Community Advantage loan program as a pilot program to help small businesses in underserved markets. The program was scheduled to expire on September 30, 2022.
Continue readingSubscribe to WESST Podcasts
The business development organization WESST is bringing business inspiration to your earbuds. Minding Your Business is a podcast and radio show that features New Mexico business owners and the steps they have taken toward building successful companies.
Continue reading1 Million Cups Going Strong in ABQ
Ten years ago, 1 Million Cups began in Kansas City with a simple idea: entrepreneurs discover solutions and engage with their communities over a million cups of coffee. Since then, 132 communities across the country — including Albuquerque — set aside Wednesday mornings for entrepreneurs to present their businesses to members of the community and make authentic connections in order to take the next step in their business venture.
Continue readingGrow Your Business Through Government Contracting
Some of New Mexico’s largest employers were once small businesses looking for new sources of revenue. They found revenue and growth by contracting with the government. Ready to get started? Several resource providers aim to help you expand your business through federal, state, and local contracts.
Continue readingSmall-Grant Program Accepting Applications
Businesses in Northern New Mexico can apply for up to $3,000 in funding from the Regional Development Corporation’s Micro-Grant program. Businesses must be headquartered within the RDC’s service area and owners must attend a webinar scheduled for April 12, 2022.
Continue readingSBA Extends EIDL Payment Deferment
The U.S. Small Business Administration has announced it will extend the deferment period of principal and interest payments for businesses that received a COVID Economic Injury Disaster Loan. The deferment gives COVID EIDL borrowers an extra six months of payment relief, thereby extending the total deferment period to a total of 30 months from the inception of all approved COVID EIDL loans.
Continue readingSample New Tech with New Mexico MEP
New Mexico manufacturers can explore new technology at the Tech Demo room created by New Mexico Manufacturing Extension Partnership. Collaborative robots, 3D printers, and quality control cameras are just a few of the tools available for testing.
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