{"id":2913,"date":"2013-01-19T17:29:18","date_gmt":"2013-01-20T00:29:18","guid":{"rendered":"http:\/\/financenewmexico.5e-dev.net\/?p=2913"},"modified":"2018-04-20T16:44:25","modified_gmt":"2018-04-20T22:44:25","slug":"the-loan-fund","status":"publish","type":"post","link":"https:\/\/financenewmexico.org\/sandbox\/funding\/loans-funding\/the-loan-fund\/","title":{"rendered":"The Loan Fund"},"content":{"rendered":"<p>A tax-exempt <a title=\"Community Development Financial Institution (CDFI)\" href=\"http:\/\/financenewmexico.org\/glossary\/community-development-financial-institution-cdfi\/\">community development financial institution (CDFI)<\/a> that provides <a title=\"Loan\" href=\"http:\/\/financenewmexico.org\/glossary\/loan\/\">loans<\/a>,\u00a0training and business consulting to <a title=\"Entrepreneur\" href=\"http:\/\/financenewmexico.org\/glossary\/entrepreneur\/\">entrepreneurs<\/a>,\u00a0<!--more-->business owners and\u00a0<a title=\"Nonprofit \/ Not-for-Profit\" href=\"http:\/\/financenewmexico.org\/glossary\/nonprofit-not-for-profit\/\">nonprofit organizations<\/a> throughout New Mexico and the Navajo Nation.<\/p>\n<div class=\"half\">\n<p><a href=\"http:\/\/financenewmexico.org\/funding\/loans-funding\/the-loan-fund\/\"><img loading=\"lazy\" class=\"size-full wp-image-2685 alignnone\" src=\"http:\/\/financenewmexico.org\/wp-content\/uploads\/2013\/01\/TLFheader.jpg\" alt=\"TLFheader\" width=\"150\" height=\"91\" \/><\/a><strong><br \/>\nWith a focus on<\/strong><\/p>\n<ul>\n<li>Low to moderate income <a title=\"Entrepreneur\" href=\"http:\/\/financenewmexico.org\/glossary\/entrepreneur\/\">entrepreneurs<\/a><\/li>\n<li>Minority-owned businesses<\/li>\n<li>Native American enterprises<\/li>\n<li>Rural enterprises, including those located on tribal land<\/li>\n<li>Women-owned businesses<\/li>\n<\/ul>\n<div id=\"attachment_3676\" style=\"width: 250px\" class=\"wp-caption alignnone\"><img aria-describedby=\"caption-attachment-3676\" loading=\"lazy\" class=\" wp-image-3676 \" src=\"http:\/\/financenewmexico.org\/wp-content\/uploads\/2013\/01\/Seasonal-Palate-mobile-kitchen.jpg\" alt=\"Seasonal Palate\" width=\"240\" height=\"240\" srcset=\"https:\/\/financenewmexico.org\/sandbox\/wp-content\/uploads\/2013\/01\/Seasonal-Palate-mobile-kitchen.jpg 300w, https:\/\/financenewmexico.org\/sandbox\/wp-content\/uploads\/2013\/01\/Seasonal-Palate-mobile-kitchen-150x150.jpg 150w\" sizes=\"(max-width: 240px) 100vw, 240px\" \/><p id=\"caption-attachment-3676\" class=\"wp-caption-text\">A loan from The Loan Fund helped Kimberley Calvo take her restaurant mobile<\/p><\/div>\n<p><strong>Resources Provided<\/strong><\/p>\n<ul>\n<li>One-on-one business development consultations<\/li>\n<li>Financial literacy training<\/li>\n<li>Training seminars<\/li>\n<li>Capacity-building technical assistance<\/li>\n<\/ul>\n<p><strong>Pre-Application Loan Form<\/strong><br \/>\nFill out and submit <a href=\"https:\/\/docs.google.com\/viewer?url=http%3A%2F%2Floanfund.org%2Fuploads%2Ffiles%2FTypeable%2520Pre-Qual%2520Form.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>.<\/p>\n<\/div>\n<div class=\"half\">\n<p><strong>Type of Businesses Served<\/strong><\/p>\n<ul>\n<li><a title=\"Entrepreneur\" href=\"http:\/\/financenewmexico.org\/glossary\/entrepreneur\/\">Entrepreneurs<\/a> and business <a title=\"Start-Up Business\" href=\"http:\/\/financenewmexico.org\/glossary\/start-up-business\/\">startups<\/a><\/li>\n<li>Small businesses not able to obtain funding from traditional lending sources<\/li>\n<li><a title=\"Nonprofit \/ Not-for-Profit\" href=\"http:\/\/financenewmexico.org\/glossary\/nonprofit-not-for-profit\/\">Nonprofit<\/a>\u00a0organizations<\/li>\n<\/ul>\n<p><strong>Stage of Businesses Served<\/strong><\/p>\n<ul>\n<li><a title=\"Nonprofit \/ Not-for-Profit\" href=\"http:\/\/financenewmexico.org\/glossary\/nonprofit-not-for-profit\/\">Nonprofits<\/a><\/li>\n<li><a title=\"Start-Up Business\" href=\"http:\/\/financenewmexico.org\/glossary\/start-up-business\/\">Startups<\/a><\/li>\n<li><a title=\"Established Business\" href=\"http:\/\/financenewmexico.org\/glossary\/established-business\/\">Established businesses<\/a><\/li>\n<\/ul>\n<div id=\"attachment_3661\" style=\"width: 304px\" class=\"wp-caption alignnone\"><img aria-describedby=\"caption-attachment-3661\" loading=\"lazy\" class=\"wp-image-3661 \" src=\"http:\/\/financenewmexico.org\/wp-content\/uploads\/2013\/01\/Quemado-Rito-convenience-store_close-up1.jpg\" alt=\"Quemado Rito Convenience Store\" width=\"294\" height=\"196\" srcset=\"https:\/\/financenewmexico.org\/sandbox\/wp-content\/uploads\/2013\/01\/Quemado-Rito-convenience-store_close-up1.jpg 1024w, https:\/\/financenewmexico.org\/sandbox\/wp-content\/uploads\/2013\/01\/Quemado-Rito-convenience-store_close-up1-300x199.jpg 300w, https:\/\/financenewmexico.org\/sandbox\/wp-content\/uploads\/2013\/01\/Quemado-Rito-convenience-store_close-up1-450x300.jpg 450w\" sizes=\"(max-width: 294px) 100vw, 294px\" \/><p id=\"caption-attachment-3661\" class=\"wp-caption-text\">Quemado Rito Convenience Store received a business-building loan from The Loan Fund<\/p><\/div>\n<p><strong>Funding Style<\/strong><\/p>\n<ul>\n<li><a title=\"Loan\" href=\"http:\/\/financenewmexico.org\/glossary\/loan\/\">Loans<\/a><\/li>\n<li><a title=\"Line of Credit\" href=\"http:\/\/financenewmexico.org\/glossary\/line-of-credit\/\">Lines of Credit<\/a><\/li>\n<\/ul>\n<p><strong>Funding Range<\/strong><\/p>\n<ul>\n<li>$5,000 to $1 million<\/li>\n<\/ul>\n<p><strong>Applicant Requirements<\/strong><\/p>\n<ul>\n<li>Has a reasonable credit history<\/li>\n<li>Has <a title=\"Collateral\" href=\"http:\/\/financenewmexico.org\/glossary\/collateral\/\">collateral<\/a> to secure <a title=\"Loan\" href=\"http:\/\/financenewmexico.org\/glossary\/loan\/\">loan<\/a><\/li>\n<li>Can demonstrate ability to repay <a title=\"Loan\" href=\"http:\/\/financenewmexico.org\/glossary\/loan\/\">loan<\/a><\/li>\n<li>Can show how business or <a title=\"Nonprofit \/ Not-for-Profit\" href=\"http:\/\/financenewmexico.org\/glossary\/nonprofit-not-for-profit\/\">nonprofit<\/a> organization benefits the community<\/li>\n<\/ul>\n<\/div>\n<p><br class=\"endcolumns\" \/>Learn more about the Loan Fund&#8217;s services &amp; how they have helped New Mexico small businesses:<\/p>\n<ul>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/the-loan-fund-helps-launch-in-home-care-service\/\">The Loan Fund Helps Launch In-Home Care Service<\/a><\/li>\n<li><a title=\"The Loan Fund Helps Veteran Buy Building To Expand Business\" href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/the-loan-fund-helps-veteran-buy-building-to-expand-business\/\">The Loan Fund Helps Veteran Buy Building to Expand Business<\/a><\/li>\n<li><a style=\"font-style: normal;\" title=\"Expert Advice as Precious as Cash for New Businesses\" href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/expert-advice-as-precious-as-cash-for-new-businesses\/\">Expert Advise as Precious as Cash for New Businesses<\/a><\/li>\n<li><a style=\"font-style: normal;\" title=\"Gym Serves Elite Athletes Thanks to Loan Fund Infusion\" href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/gym-serves-elite-athletes-thanks-to-loan-fund-infusion\/\">Gym Serves Elite Athletes Thanks to Loan Fund Infusion<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/winter-no-match-for-frozen-dessert-business\/\">Winter No Match for Frozen Dessert Business<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/starting-or-managing-a-non-profit\/nonprofits-in-need-borrowing-can-be-tool-for-financial-stability\/\">Nonprofits in Need: Borrowing Can Be Tool for Financial Stability<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/starting-or-growing-a-business\/u-s-backed-loan-program-helps-businesses-buy-growth-assets\/\">U.S.-Backed Loan Program Helps Businesses Buy Growth Assets<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/character-and-teamwork-keep-bus-company-in-the-family\/\">Character and Teamwork Keep Bus Company in the Family<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/starting-or-growing-a-business\/business-development-services-help-clients-improve-bottom-line\/\">Business Development Services Help Clients Improve Bottom Line<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/starting-or-growing-a-business\/consultants-help-yarn-cafe-owner-raise-business-profile\/\">Consultants Help Yarn Cafe Owner Raise Business Profile<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/loans-help-atrisco-continue-educational-cultural-mission\/\">Loans Help Atrisco Continue Educational, Cultural Mission<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/general-business-advice\/the-loan-fund-to-expand-services-to-the-states-creative-entrepreneurs\/\">The Loan Fund to Expand Services to the State\u2019s Creative Entrepreneurs<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/relationship-figures-big-in-six-year-journey-to-start-pet-care-business\/\">Relationship Figures Big in Six-Year Journey to Start Pet-Care Business<\/a><\/li>\n<li><a href=\"http:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/nonprofit-lender-helps-machine-shop-expand-diversify-client-portfolio\/\">Nonprofit Lender Helps Machine Shop Expand, Diversify Client Portfolio<\/a><\/li>\n<li><a href=\"https:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/sustained-relationship-enables-auto-shops-success\/\" target=\"_blank\" rel=\"noopener\">Sustained Relationship Enables Auto Shop\u2019s Success<\/a><\/li>\n<li><a href=\"https:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/lanb-nurtures-path-for-small-businesses-to-thrive-through-the-loan-fund\/\">LANB Nurtures Path for Small Businesses to Thrive Through The Loan Fund<\/a><\/li>\n<li><a href=\"https:\/\/financenewmexico.org\/articles\/starting-or-growing-a-business\/cedar-crest-woman-brews-up-business-help-nonprofit-lender\/\">Cedar Crest Woman Brews Up Business With Help From Nonprofit Lender<\/a><\/li>\n<li><a href=\"https:\/\/financenewmexico.org\/articles\/obtaining-a-loan\/loan-enables-investment-in-vintage-motel-local-economy\/\">Loan Enables Investment in Vintage Motel, Local Economy<\/a><\/li>\n<\/ul>\n<p><strong>Contact<\/strong><\/p>\n<ul>\n<li>423 Iron SW,\u00a0Albuquerque, NM 87103<\/li>\n<li>866-873-6746<\/li>\n<li><a href=\"http:\/\/loanfund.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/loanfund.org\/<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>A tax-exempt community development financial institution (CDFI) that provides loans,\u00a0training and business consulting to entrepreneurs,\u00a0<\/p>\n","protected":false},"author":3,"featured_media":4866,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[332],"tags":[],"_links":{"self":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/2913"}],"collection":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/comments?post=2913"}],"version-history":[{"count":83,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/2913\/revisions"}],"predecessor-version":[{"id":9768,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/posts\/2913\/revisions\/9768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media\/4866"}],"wp:attachment":[{"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/media?parent=2913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/categories?post=2913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financenewmexico.org\/sandbox\/wp-json\/wp\/v2\/tags?post=2913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}