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Hidalgo County Herald
Lordsburg, New Mexico
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March 19, 2010     Hidalgo County Herald
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March 19, 2010
 

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HIDALGO COUNTY HERALD FRIDAY, MARCH 19, 2010 3 SBDC Report , Knowledge is power when looking for capital By PAUL GOBLET/Investment Advisor to the New Mexico Small Business Investment Corporation In the midst of the credit cri- sis, foreclosures and bank clos- ings, it's certainly understandable that some businesses have a harder time getting a loan than they did 18 months ago. Yet New Mexico has been spared much of the financial pain being experi- enced in Florida, California and elsewhere• In many cases, failure to qualify for a loan has more to do with a person's business or per- sonal credit than it does with the nation's economy• No one today wants to lend to businesses with these problems: A history of being late on interest and principal pay- ments to creditors A prior foreclosure or debt settlement Lit'tie or no means to support the consistent repayment of the loan No collateral of any merit or value to support the loan A poor debt service cov- erage or debt-to-equity ratio, which leads to a low credit score Compounding the problem is that many business owners don't know where to turn for in- formation, assistance or training to fix a credit problem. Small Business Development Centers are among the most helpful re- sources in the state for this type of guidance• Similarly, WESST provides technical assistance and training to business owners and those looking to start a business. Sources of savvy With 20 locations scattered around the state, Small Business Development Centers exist to help business owners. They have classes on many subjects .that can help people manage and run a business more effectively, but they'll also help a business owner with more basic skills, such as creating a business plan that can help the business owner speak more confidently with a lender about the prospects of his or her DECLARATIONS OF CAND DA(:Y I, Lloyd V. Payne, hereby announce my candidacy for re,election to the office of Hidalgo County Probate Judge. Lloyd V. Payne I, David A• Ramos, hereby announce my candidacy to the office of" County Commissioner Position 1, subject tothe Democratic Pri- mary Election to be held June 1 st, 2010. Your vote & support will be appreciated. Thank You and Muchas Gracias. David A. Ramos I, Rodney Plowman, hereby announce my candidacy for the of- fice of Hidalgo County Sheriff, subject to the Democratic Primary Election June 1, 2010. Your support will be very much appreciated. • Rodney Plowman I, Jody Hatch, hereby announce my Republican candidacy to the office of Hidalgo County Assessor, subject to the Primary Election June 1, 2010. Your votes of support are appreciated. Jody Hatch I, Saturnino "Nino" Madero would like to announce my Demo- cratic Candidacy for Hidalgo County Sheriff. I have been the Under Sheriff for Hidalgo County for the past eight years. As a secondary career I am a Certified School Bus Safety Inspector for the State of New Mexico since 1996, performing School Bus Safety Inspections throughout the state. I have been a Firearms Instructor since 1994 and at present I also instruct Survival Spanish to the cadets at Western New Mexico University. Prior to that I have worked for the Motor Transportation Department, the Lordsburg Police Department and started my career with the Hidalgo Couffty Sheriff's Department as a Detention Officer 22 years ago. I have been a big part in appropriat- ing grants and programs that have boosted equipment and vehicles that the Sheriff's Department has today• Your vote on June 1, 2010 will be greatly appreciated• "Saturnino "Nino" Madero I, Mark Thomas, hereby announce my candidacy to the office of Magistrate Judge, subject to the Democratic Primary Election to be held June 1, 2010. Your support will be appreciated. Mark Thomas I, Warren D. Walter, Republican, announce my candidacy to the office of Hidalgo County Sheriff• Your votes of support at the June 1, 2010 Primary Election will be appreciated. Warren D. Walter I, John A. Hill, hereby announce my candidacy to the office of Hidalgo County Commissioner, subject to the June 1, 2010 Demo- cratic Primary Election• Your support will be very much appreciated. John A. Hill I, Arthur Clark Smith, hereby announce my candidacy for the office of Hidalgo county Commissioner District one, subject to the Democratic Primary Election June 1, 2010. Your vote and support will be greatly appreciated. Arthur Clark Smith I, Clayton Jack Lasher, hereby announce my candidacy to the office of Hidalgo County Commissioner, subject to the June 1, 2010 Democratic Primary Election. I would appreciate your vote of sup- port. clayton Jack Lasher WHAT A CHILD LEARNS ABOUT VIOLENCE A CHILD LEARNS FOR LIFE. I, Larry P. Martinez, hereby declare my candidacy to the office of Hidalgo County Commissioner, Position 2, subject to the Democratic Primary Election June 1, 2010. The future of Hidalgo County is based on: • Our Children • Economic Growth • Education • Government transparency with spending • Opportunity for job pool & work ethic Your support in the upcoming election will be greatly appreci- ated. Larry P. Martinez 'I, Martina "Tina" Elias, hereby announce my candidacy to the office of Magistrate Judge, subject to the Democratic Primary Elec- tion to be held on June 1, 2010. Your vote and support will be greatly appreciated• Martina "Tina" Elias I, Darr Reynolds Shannon, a, Republican hereby declare my can- didacy to the office of Hidalgo County Commissioner, Position 2. Your vote of support during the November 2, 2010 General Election will be very much appreciated• Darr Reynolds Shannon paid by candidates v j.algo County Association Member Hidalgo County Herald (USPS illl 020697) is published weekly by Hidalgo County Herald in the City of Lordsburg, County of Hidalgo, 212 E. Motel Drive, Suite B, Lordsburg, New Mexico 88045-1948, 52 issues a year. Subscription rates vary. Subscription rate is $30 pet year. Requests for corrections and complaints concerning news and editorial content of the Hidalgo County Herald should be di- rected to the editor. For further information on the Hidalgo County Herald's approved grievance policies, readers may contact th e pub- lisher. Any unsolicited manuscripts become the property of the Hidalgo County Herald and will not be returned. All information con- tained herein is copyrighted 2010 by the Hidalgo County Herald. All photos/stories, unless stated, are written•by our staff. POSTMAS- TER: Send address changes to Hidalgo County Herald, 212 E. Mo- tel Drive, Suite B, Lordsburg, NM 88045-1948. Periodicals Postage Paid at Lordsburg, New Mexico. PUBLIsHER/EDITOR: Brenda Hood ADVERTISING MANAGER: Glenda Greene PHONE: 575-542-8705 FAX: 575-542-8704 E-MAIL hcherald@aznex.net venture• In a time of global competi- tion, information is empowering if a businessperson knows where to find it. One source of basic business information is the Fi- nance New Mexico web site (www.financenewmexico.org), which features more than 120 ar- ticles on business issues written by local experts. Sources of money As the commercial banking sector faces new challenges, al- ternative lenders like the Loan Fund, ACCION New Mexico and WESST are even more valuable to people in need of credit. Since 2004, these organizations have loaned more than $24 million to nearly 1,800 businesses (that translates into 350 loans per year). All three organizations have excess capital to. lend, but they, too, have imposed stricter credit policies to address higher-ris k investments. These organiza- tions are willing to lend money when they have a high expecta- tion of being repaid. Business owners can meet that standard if they: Provide tax records for the past two to three years. Create a business plan. Explaiia why the money is needed and how the loan will be repaid. Explain past credit prob- lems and how they've resolved them. Are serious, honest, pas- sionate, professional and pre- pared. Here's how to reach the pri- mary organizations mentioned in this article. The Loan Fund: 866- 873-6746' ACCION New Mexico: 800-508-7624 WESST: 5"05-246-6900 Western New Mexico University's Small Business De- ,elopment Center offers assis- tance to entrepreneurs who are starting a business or wanting to expand an existing business. These services are available at no cost. Call 538-6320 for an ap- pointment with a business advi- sor, or email sbdc@wnmu.edu. The SBDC office is located on the second floor of the Besse-For- ward Global Resource Center on 12th Street• More information may be found at www.nmsbdc.com/silvercity/ index.html. Call or email the SBDC of- fice for information about the fol- lowing workshop: The group at a special reception on day one of the two-day meeting. Hidalgo County, I 00rdsburg represented at Sonora Commission Meeting (i Hidalgo County Economic Western New Mexico Univer- of the state EconomicDevelop'- Coordinator Tad Powers trav- eled to Santa Fe last week to sit on the first New Mexico- Sonora Commission meeting. At the conclusion of thb in- augural meeting, Governor Bill Richardson signed a memoran- dum of understanding with Sonoran •Governor Guillermo Padds Elias detailing how the two states can work together on various issues, including health, security, education, tourism and economic development. Sonora shares a 12-mile section of the border with New Mexico, specifically at Antelope Wells in Hidalgo County. Outcomes of the meeting included: Agreement to seek greater flexibility among the two governments when search and rescue teams need to re- spond to cross-border emergen- cies and to facilitate the ex- change of information between the C4 Sonora and the New Mexico State Police Las Cruces dispatch center• Agreement to look at cooperating on film projects along the border. Approvalof the initia- tion of a consortium for renew- able energy, agribusiness and aerospace development, and agreed to a trade mission to bring 10 Sonoran companies to New Mexico in mid-July to dis- cuss clean energy, agribusiness and commercial space. A bi-national educa- tional exchange will start in Au- gust. Sonora will send two stu- dents to participate in an eco- nomic development course at April 28 - Government Contracting 101 • ' May 23-28 - New Mexico Economic Development Course  NEW OFFICE HOURS FOR DISTRICT COURT Effective Monday, March 8, 2010 District Court will be open to the public from 8•:00 a.m. to 4:00 p.m. Monday thru Friday. This will include being open through the lunch hour and closing at 4:00 p.m. G11teelK eat our great Ilsllngs! qppraisals" ome, anch & Commercial • Hachita-2 BR, 2 Bath MH plus extras ** 10 acre lot in Animas • Pyramid Shadows 20+ acres • 209 Pyramid-Fixer Upper! -- Offer on Table! • 59 Lee Trevino Corner Lot. • Commercial Buildings on 200 block of Shakespeare • s2 Acres vacant land available in Cotton City 00Paisall0 • 505 East 'E' Street Rental, Available in  R e c3l E s t (3 t e Anima, & Lordlburg : 2. 7'Jt2-SS{) Appraisals & Rentals Property Management Don Kerr-Real Estate Broker & Certified AppraisM sity in Silver City in May. Approval of 'an effort to survey the New Mexico/ Sonora border region for infec- tious diseases, including sea- sonal flu and H1NI. Approval of the study of a potential New Mexico/ Sonora Cultural festival ex- ment Department, said Sonora's status as the safest state, io Mexico makes it a strong part: her for expanded economic de: velopment and trade opportuni-" ties with New Mexico. During the two-day meet-' ing, Powers presented botla Governor Richardson and Gov- change. The commission will work with Sonora to create a hot • ernor Elias with a Tell Hicks air balloon festival, prints on behalf of the City of Fred Mondrag6n, secretary Lordsburg and Hidalgo Cou/ltyl Hidalgo County Economic Development CoordinatorTad Powers; left, visits with Sheri and Bob Ashley and Sonoran Goverrm(' Guillermo Padds Elias during the reception, Largest Inventory Used Vehicles in of Quality "1 the Area! beck out these great Cdeals on used lrucks!00 l 2007 Ford Escape 2004 Chev 4000 Flatbed 4Dr Diesel 2007 Ford F-350 Diesel 2006 Ford F- 150 2009 Mazda 3 2008 Mitsubishi Eclipse 2003 Hundai Accent 2006 Ford Fusion 2008 Chevy Impala 2008 Honda Civic 2006 Pontiac G6 2009 Ford Focus (Blue) ° 9MITH 54 2-3551 FORD INC. 412 [. Mole' Drlv., Lordsburg, NM