Resource Tool for Start-up and Small Businesses in New Mexico

Resource Tool for Start-up and Small Businesses in New Mexico

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Tag Archives: small business resources

Small Business Week 2024

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In celebration of National Small Business Week, April 28-May 4, 2024, the Internal Revenue Service is featuring useful tax-related tools and resources to help small business owners, employers and self-employed individuals succeed.

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Posted in New Programs, Open Opportunities and Announcements | Tagged IRS tax advice, small business resources

New Source for Business Start-Up Information

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The New Mexico Economic Development Department has launched a new tool to connect New Mexicans to business, entrepreneurial, and community resources from across the state. The Business Resource Map is now live on the New Mexico EDD website.

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Posted in New Programs, Open Opportunities and Announcements | Tagged New Mexico business, small business loans, small business resources

New Mexico NetLinks Offers Connection Resources

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Interested in professional networking, job information, or events that can grow your career or small business? New Mexico NetLinks brings them all together on one website.

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Posted in New Programs, Open Opportunities and Announcements | Tagged New Mexico business, NM NetLinks, small business resources

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Featured Article

SBA Loans Offer Low Interest Rates

Popular pies from L’il Willie’s Shenanigans, the Red River ice cream and sweets shop owned by Kelley and Steve Cherry.

Kelley and Steve Cherry were so pleased with the experience of securing a loan to buy one commercial building in Red River that they want to buy another building the same way.

The couple worked with Century Bank to obtain a U.S. Small Business Administration 504 loan to purchase the building they previously leased for their 3-year-old ice cream and sweets shop, L’il Willie’s Shenanigans. They hope to use the same strategy to buy the building from which they’ve operated Shotgun Willie’s Café for the past decade.

The appeal of 504 loans is that interest rates are fixed at a significantly lower rate than traditional banks offer for commercial real estate loans, and borrowers get lots of help from lenders and the certified development companies that evaluate 504 loan packages for the SBA. The nonprofit Enchantment Land Certified Development Company played that role for the Cherrys.

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