Tag Archives: Leroy Pacheco

Loans Help Contractor Build, Renovate Homes in Native Communities

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F. Leroy Pacheco

F. Leroy Pacheco, CEO, The Loan Fund

Doris Sandoval works in an industry hard hit by the recession and lagging recovery, yet by following a strategic plan of borrowing through lines of credit, the owner of SSC Construction has kept her business going strong.

SSC Construction is based in San Felipe Pueblo in northern New Mexico near Algodones. The woman- and Native-owned company builds houses on tribal lands all over New Mexico and employs seven members of Sandoval’s family and numerous subcontractors.

While most contractors struggled to find work and financing as home construction slowed and home prices dropped, SSC Construction received five lines of credit from The Loan Fund to underwrite various building projects in Native communities.

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Outside Capital Helps Aerial Photography Company Take Off

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F. Leroy Pacheco

F. Leroy Pacheco, CEO, The Loan Fund

Blue Skies Consulting knows a lot about building a business through strategic growth funded by outside capital. The Belen-based aerial photography company is a client of The Loan Fund, a top-ranked community development financial institution that provides loans and other banking services to underserved markets in New Mexico.

Blue Skies began its relationship with The Loan Fund in 2009 when it sought funding to buy aerial camera system components in preparation for the purchase of a digital aerial camera designed for high-resolution photography. Two loans in 2011 made it possible for the company to buy the Microsoft Vexcel UltraCam Lp, the only photogrammetric digital mapping camera in New Mexico. Continue reading →

Quemado Rito Convenience Store Puts Rural Community Back on the Map

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F. Leroy Pacheco

F. Leroy Pacheco, President and CEO, The Loan Fund

Tommy Padilla works full time for the state Livestock Board and owns a 2,000-acre cattle ranch near Quemado, a rural community that’s home to 781 people. In 2008, he saw an opportunity to provide a needed service to motorists driving through the town.

Quemado is on U.S. Highway 60 in rural western New Mexico. For decades, the community supported five gas stations and four restaurants that served travelers heading to and from Arizona and California. But after east-west Interstates 10 and 40 were built in the 1960s, Quemado began a slow decline.

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