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ArticlesCheck back each week for a new article, or subscribe to receive articles delivered by e-mail every Monday.This Weeks Article 147. State Has Stake in Success of New Mexico BusinessesJuly 25th, 2010
 Paul Goblet, Financial Advisor, NM SBIC When the New Mexico Small Business Investment Corp. formed in 2001, its founders envisioned the organization directly owning minority stakes in a large number of small New Mexico businesses that had received federal loans from the Small Business Administration or U.S. Department of Agriculture. While this seemed like a good idea at the time, it was a challenge to implement. After several amendments to the founding statute, the NMSBIC formed cooperative agreements with professional capital and service providers, which the organization considered better qualified and staffed to make equity investments. 146. Character Matters When Looking for a LoanMost lenders require borrowers to meet basic criteria, however, alternative lenders such as ACCIÓN New Mexico ∙ Arizona ∙ Colorado, put a large emphasis on character. If a borrower doesn’t meet loan standards, these organizations will often provide assistance to improve the potential borrower’s financial position. 145. Financing a Business in a Brave New Business WorldWith commercial banks making fewer loans, many businesses are finding answers to their borrowing needs in smaller loans from alternative lenders, asset-based loans, and equity investment. 144. A Business Worth Building is Worth InsuringBusiness insurance — also called commercial insurance — is an umbrella term for a variety of products designed to protect business or commercial interests. Some businesses require insurance that targets industry-specific challenges, but other types of insurance address risks common to all businesses. This article describes various types. 143. National Labs Want to Help Small Businesses Solve ProblemsThe New Mexico Small Business Assistance program provides free technical assistance and expertise from scientists and engineers at Los Alamos and Sandia national laboratories to New Mexico small businesses facing challenges with testing, design and access to equipment or facilities. Businesses do not have to be technology-based, however, the challenge they face must be potentially solvable using laboratory resources. 142. Buying a Business? Due Diligence Should be DeepAnyone thinking about buying or investing in a business needs to do due diligence to make sure it’s a viable venture with long-range income potential. But due diligence means more than just reviewing the balance sheets and income statements. Learn some other things that warrant close inspection before a buyer signs the final closing documents. 141. Clear Business Plan is Key to Getting a LoanWhether an entrepreneur is starting a new business or expanding an existing venture, applying for a loan can be daunting. A good business plan makes the process less intimidating and more likely to succeed. 140. Program Brings Space Research Down to EarthSATOP is a nationwide cooperative program that provides up to 40 hours of free technical assistance to small businesses or entrepreneurs wrestling with engineering challenges that are impeding their success. SATOP uses technical expertise derived from the U.S. space program to address a variety of problems faced by existing or startup entities. 139. Grad Students to Launch LANL ProjectsLos Alamos National Laboratory’s MBA Summer Internship Program recently picked four graduate students to be summer interns and help the lab’s scientists and engineers find commercial uses for new technology and to assist real-life companies with business challenges. 138. Albuquerque Woman is State’s SBA Small Business Person of the YearThe New Mexico Small Business Administration will honor Tamara Marquez-Nugent and other small-business standouts at the state’s Small Business Week Awards Celebration luncheon. This year’s award recipients represent the excellent entrepreneurial character of America’s small businesses. |
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