Silvia Terrazas, owner of Paleteria La Reyna Michoacana, was named the New Mexico SBA’s 2024 New Mexico Women-Owned Small Business of the Year. Terrazas’s Las Cruces business makes Michoacana-style ice cream and popsicles, known as paletas, and sells them along with other items such as pinatas, candy, and Mexican party favors. A loan from the nonprofit lender The Loan Fund enabled Terrazas to construct and occupy a new building when she was ready to expand.
Continue readingCategory Archives: New Programs, Open Opportunities and Announcements
Power Up With DreamSpring’s Power Line of Credit
Businesses that have fluctuating capital needs often use a line of credit, which allows them to borrow only what they need, repay all or part of the loan, and repeat as necessary without having to apply for a new loan every time additional funds are needed. The Power Line of Credit offered by the nonprofit lender DreamSpring gives eligible businesses this type of flexible financing.
Continue readingGrants Offered by the RDC
The Regional Development Corporation (RDC) is accepting applications for 2024 grants from its Tribal Economic Diversity Fund. The deadline to apply is August 15, 2024.
Continue readingGet Advice from Small Business Lender LiftFund
The nonprofit small-business lender LiftFund is offering workshops to help entrepreneurs make crucial decisions ranging from whether to start a new business to how to price their products. Most workshops are conducted online, and many orient toward a specific geographical location such as Dona Ana County.
Continue readingEDD Launches New Technical Assistance Program
The New Mexico Economic Development Department (EDD) is launching a new initiative aimed at assisting small, disadvantaged businesses with technical assistance so they can better succeed. HatchForm LLC, WESST, and UNM Anderson are the initial providers for this program.
Continue readingLenders Helping Lenders: Homewise Gets Loan from Clearinghouse CDFI to Support Small Business
Clearinghouse CDFI (CCDFI) provided a $800,000 loan to Homewise, Inc. to build out a locally owned and operated restaurant in Santa Fe.
Continue readingThe Loan Fund Has More Money to Lend
The New Mexico Small Business Investment Corporation (NMSBIC) has allocated an additional $2.5 million to The Loan Fund, making its total investment to the nonprofit financial institution $37.5 million. The additional funds will allow The Loan Fund to offer more capital to small businesses to help them grow.
Continue readingBlack Business Summit Aims to Advance Economic Freedom
The 2024 Black Business Summit will be held in Albuquerque from 9:00 am to 5:00 pm Saturday, June 15. Hear from community members who have been on the journey from incubators, to contracting, to doing business globally, and learn important information on the Corporate Transparency Act, business formation considerations for entrepreneurs, small business loan opportunities, and more.
Continue readingIP For Artists – (and Businesses)
Business owners interested in learning how to protect their creations should attend WESST’s Intellectual Property workshop at 6:00 pm on June 12 in Bernalillo. The workshop is geared toward artists, however, all business owners will find the information can help them protect their logo and product packaging designs.
Continue readingCreative Businesses Should Attend Creative Industries Week
Creative Industries Week, which takes place online June 3 through 9, aims to connect entrepreneurs, business owners, and community groups working in creative industries with resources to help them grow. The event is co-produced by the New Mexico Economic Development Department and Creative Startups, a nonprofit organization that provides assistance to businesses in creative industries.
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