NM Collateral Support Loan Participation Program - Small Business

The New Mexico Finance Authority

and

New Mexico Economic Development Department’s

Finance Development Team

Invites You to A Presentation Outlining

NM Collateral Support Loan Participation Program

Santa Fe - Community Convention Center

• 11/13 (2pm – 5pm)
• 2pm-3pm Borrowers w/30 minutes one on one
• 3:30-4:30 Lenders w/30 minutes one on one

Albuquerque – Science & Tech Park
851 University SE, 2nd Floor Board Room

• 11/14 (3pm-4pm borrowers; 4pm-5pm lenders)

Grants-SBDC Conference Room
Gallup-Chamber of Commerce

• 11/15 (10-11am borrowers; 11am-noon lenders)
• 11/15 (1:30pm-2:30 lenders; 2:30-3:30pm borrowers)

Farmington –Quality Center for Business
5101 College Blvd

• 11/27 (1-2 for lenders; 2:30-3:30 borrowers)

Las Cruces – Dona Ana Comm. College Workforce Center
Room 127 - 2345 E Nevada

• 12/3 (11am-noon lenders; 1pm-2pm borrowers)

Hobbs – location TBD

• 12/5 (1pm-2pm borrowers; 2:30-3:30pm lenders)

In 2011, New Mexico was authorized to receive $13,168,350.00 from the US Department of Treasury as part of the State Small Business Credit Initiative provided through the Small Business Jobs Act of 2010. The Finance Authority administers these funds on behalf of the State through the Collateral Support Loan Participation Program.


Through the Collateral Support Participation Program, the Finance Authority is able to partner directly with banks to provide capital to credit worthy businesses seeking to expand, create or retain jobs by offering an efficiently lower the interest rate paid by the business. To mitigate the bank’s risk by purchasing a portion of the bank’s loan, often in a subordinated collateral position. The amount of the Finance Authority’s participation will vary based upon the location of the business, the term of the loan and the collateral position offered to the Finance Authority. *The application for this program is submitted by the bank on behalf of the business.

SMALL BUSINESS ELIGIBILITY CRITERIA:

• Be located in New Mexico
• Use the loan proceeds for business purposes
• Have 500 or fewer employees
• Be a non-profit corporation, for-profit corporation, LLC, partnership, sole proprietorship, cooperative or other entity that is authorized to conduct business in the state of New Mexico
• Meet the bank’s lending requirements with the exception of the deficient collateral, which is enhanced through the program.

You may direct any inquiries or questions to:
John Brooks (jbrooks@nmfa.net) at 505-984-1454 or Juan Torres (juan.torres@state.nm.us) at 505-827-0238

Holiday Arts/crafts Opportunity: Tangible Treasures

Dear Friends and Fellow Artists,
Well, Tangible Treasures has been open a full three months and having so much fun it might be illegal. Many of you are receiving your consignment checks and they are growing each month. We are pleased to say that our shop has new items every day. Things change so fast that you might miss something if Tangible Treasures is not on your "to do list" every week. Our customer base has increased daily and we now see many times the daily amount on a regular basis. Last week was the best week yet. 

During the months of November and December we are planning a Christmas Boutique and are asking you to bring in your holiday arts and crafts to round out our already fabulous assortment of treasures. We share a partnership where the more you put into making the treasures in our boutique unique and fun, then the more successful we both are. While most of our customers are "tourists", we also have many local customers that come in weekly to purchase items to dress up their homes and to adorn themselves as well as shop for unusual gifts for people they love. I can't stress enough for you to take advantage of a local permanent home to show case your talents and treasures. I would like to have your items priced and on the walls and shelves before the Holiday rush starts, starting the end of October. I must say we get so jazzed by your creativity, that your treasures makes our job of selling them easier. If you have any questions, or would like to make an appointment to consign your treasures please email or call.



Pamela Deratany,
Tangible Treasures
2128 US Hwy 180
Rancho Grande (next to the Adobe Cafe and Bakery) Reserve, New Mexico
tangibletreasures@ymail.com
575-533-6966
Closed Tue and Sat
Hours 10:00am-4:00pm
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GILA NATIONAL FOREST ANNOUNCES MEETING FOR WILDFIRE EQUIPMENT USE

Silver City, NM; October 30, 2012—The Southwestern Region of USDA Forest Service announces a meeting for vendors interested in providing resources to support wildfires and other emergency incidents. Scheduled for November 13, 2012, from 1:00 to 4:00 p.m. throughout multiple locations in New Mexico and Arizona, the meeting is via video tele-conferencing (VTC). In southwest New Mexico, the VTC is scheduled at the Gila National Forest Supervisor’s Office, 3005 E. Camino del Bosque, Silver City.

Interested vendors will learn about registration required to become a government vendor, how to find and respond to a solicitation through the Virtual Incident Procurement (VIPR) system, and how to read and understand contract requirements for specific equipment!  The following resource types will be obtained by competitive solicitation for Fiscal Year 2013:

•           Mobile laundry units

•           Potable and gray water trucks/Trailer-mounted hand washing units

•           Portable toilets/Wheelchair accessible portable toilets/Portable hand wash units

•           Fuel tenders

•           Aircraft Rescue Firefighting Apparatus (formerly Crash Rescue Trucks)

•           Miscellaneous Heavy Equipment (feller bunchers/masticators/road graders/skidders)

Although not an inclusive list, other common types of equipment used to support  emergency incidents include: 

•           All-terrain vehicles (ATVs) and Utility Vehicles (UTVs)

•           Chainsaw repair kits

•           Chippers

•           Coach bus

•           Computers and Printers; Copiers

•           Heavy Equipment (dozers/excavators/transports)

•           Mechanic with Service Truck

•           Mobile Sleeper Units

•           Vehicle rentals (passenger vehicles and trucks without operators)

•           Vehicle with Driver (usually owned by individuals or small business and used for hauling  supplies)

•           Water Handling Equipment (support & tactical water tenders and engines)

To find the location of other VTC locations, call the Gila National Forest’s Supervisor’s Office at 575.388.8201 or [download Word doc here]. Office hours: Monday through Friday, 8:00 a.m. to 4:30 p.m.

Website link for VIPR information:  http://www.fs.fed.us/business/incident/vipr.php

Current solicitation notices are published at:  https://www.fbo.gov