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

SAN AUGUSTIN PLAINS WATER GRAB MOTIONS TO BE HEARD 02/07/12

FOR IMMEDIATE RELEASE
Friday, February 03, 2012

SAN AUGUSTIN PLAINS WATER GRAB MOTIONS TO BE HEARD

SANTA FE, N.M.— After four years of delays and false starts, the State Engineer is finally hearing motions to dismiss an  application to take 54,000 acre-feet of groundwater annually from Catron County. The application, filed by a New York based corporation, is being protested by over 200 residents who live in and around Datil, NM – an area known as the San Augustin Plains. The residents fear that the San Augustin basin that supplies their wells with water and contributes flow to the Rio Grande and Gila River stream systems will be decimated if the application is granted. The New Mexico Environmental Law Center (NMELC) represents over 80 Protestants.

NMELC filed a motion to dismiss the application one year ago. “The application must be thrown out because it does not comply with basic New Mexico law,” said Bruce Frederick, NMELC Staff Attorney. “The corporation’s application seeks a permit to use or sell a vast amount of water for any purpose within seven New Mexico counties.  Under New Mexico law, however, the corporation was required to identify exactly how and where it intends to use the water, and its failure to do so means that the State Engineer cannot consider or approve its application.”

WHO:  New Mexico Environmental Law Center

WHAT:  Hearing before State Engineer addressing motions to dismiss the water rights application

WHERE: Socorro County Courthouse
                200 Church Street
                Socorro, New Mexico, 87801
                575-835-0050

WHEN:   Tuesday, February 7th, 10:00 a.m.

INTERVIEWS AND IMAGES ARE AVAILABLE UPON REQUEST

www.nmelc.org

CONTACT:
Juana Colón
Wk: 505-989-9022, ext. 21

The mission of the New Mexico Environmental Law Center is to protect New Mexico's natural environment and achieve environmental justice for New Mexico's communities through legal representation, policy advocacy and public education. The New Mexico Environmental Law Center’s attorneys have handled over 100 critical cases in low-income and minority communities fighting pollution and environmental degradation. The NMELC charges few, if any, fees to its clients, most of who are from Hispanic and Native American communities. The NMELC celebrated its 20th anniversary in 2008. Membership and gifts help New Mexico communities protect their natural environment and their health from toxic pollution, the degrading effects of growth and liabilities created by irresponsible mining. Call Sebia Hawkins, Director of Development 505-989-9022, ext. 27 for more information.

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County Commission meeting date change

Public Notice

The regular scheduled Catron County Commission Meeting for Wednesday, May 19, 2010 has been changed to Monday, May 17, 2010. The next regular scheduled meeting will be Friday, June 4, 2010. Meetings will resume their regular schedule Wednesday, June 16, 2010. All meetings will begin at 9:00 AM. Meetings will be held in the Commission Meeting room on the 2nd floor of the Catron County Courthouse. Agendas will be available before the meetings at https://www.mylocalgov.com/CatronCountyNM . For more information, contact Bill Aymar at (575) 533-6423 or by email at ccmanager@gilanet.com .

/s/
Bill Aymar
County Manager
STATE OF NEW MEXICO
CATRON COUNTY
RESERVE, NEW MEXICO 87830