Author Archives: Taura Costidis

20/20 Campaign Builds High-Growth Companies Through Collaboration and Support

Posted on by
By Kathy Keith, Executive Director, Regional Development Corporation

By Kathy Keith, Executive Director, Regional Development Corporation

When the 20/20 campaign was conceived in 2011, the Regional Development Corporation of Española aimed to identify at least 20 local businesses as high-growth companies that would double their work forces or revenues by 2020. Organizers anticipated nurturing two to three businesses each year to get to 20 robust companies by the end of the decade.

At a reception on October 24, eight Los Alamos, Santa Fe and Taos businesses shared the honors as the Northern New Mexico 20/20 campaign’s Class of 2013. They join another eight companies honored at last year’s event.

Continue reading →

Bank Programs Tailor Credit to Specific Business Needs

Posted on by
By Jim McCormick, Senior Vice President, Century Bank

By Jim McCormick, Senior Vice President, Century Bank

One loan isn’t the same as another when borrowing money to build or sustain a business. Bank loan agents act as matchmakers, fitting business owners with the type of credit they need for specific business needs.

Most banks offer a menu of loan options tailored to an entrepreneur’s individual circumstances — his or her credit history, cash flow, collateral, capacity and capital. The loans can be conventional, or they can be guaranteed with backing from the U.S. Small Business Administration if the business would otherwise have a hard time qualifying for a conventional loan and the owner needs more flexible loan terms, such as a longer repayment schedule and less stringent collateral requirements.

Continue reading →