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ArticlesCheck back each week for a new article, or subscribe to receive articles delivered by e-mail every Monday.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. 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. 129. Lending More Than a Hand: New Mexico’s Alternative LendersThe New Mexico Small Business Investment Corp. was formed in 2001 to provide capital to the state’s small businesses through several alternative loan funds. Learn how to access these funds. 88. As Good As It Gets: 504 LoansThe SBA 504 loan program is described. 58. Money Is Tight, but It’s There for the LendingPrivate alternative lenders such as The Loan Fund continue to loan to businesses during a tight credit market. 55. Government Backs Loans for the Rural EntrepreneurAvailable and quick loans that are backed by the SBA in New Mexico are profiled. 54. Public Funds Back New Mexico BusinessesSmall businesses are able to obtain loans from alternative lenders, such as WESST Corp., ACCION New Mexico, and The Loan Fund that are backed by the New Mexico Small Business Investment Corporation. 17. Personal Motivation Will Likely Determine Source of Business CapitalThis article takes a look at things to consider when trying to decide if equity investment is right for your business or idea. 13. When a Loan Is Not the Right AnswerSituations when a loan might not be the right answer are discussed. 10. Critical Elements of a Loan ApplicationA description of the most important elements of a loan application and what it takes to obtain a business loan. |
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