Newspaper Archive of
Hidalgo County Herald
Lordsburg, New Mexico
August 27, 2010     Hidalgo County Herald
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August 27, 2010

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| m m!mllI[li lllgmlUlIN HIDALGO COUNTY HERALD SBDC Report r business pla BY MARCl RULON, CEO, South- a clearly defined west Federal Credit Union enough to ma~ getting buildin ghe venture frot the ground up. " ni market that's big e the business Financial section: The Whether an entrepreneur ~s profitable. The ~ orrower needs to starting a new business orex- know his custonLers - what they lender will closely evaluate the panding an existing venture, ap- need, where they are and how to company's most recent asset/li- plying for a loan can be reach them. " ability and income/expense state- daunting. A good business plan Product or~ervice: The en- meats and especially the pro- jected profit and losses statements makes the process less intimidat- trepreneur mus~ explain to the and cash flow tables. These re- ing and more likely to succeed, lender what she'~ selling and how the product or s~rvice will ben- ports show the lender whether the efit customers, ,The lender wants borrower has enough resources to to know why ,the borrower's prod- handle the loan payments. (Some act or servic~ i~ better than the lenders want to review the busi- ness owner s personal finances competition's. The borrower must and see two years of the show an ability to control the delivery and quality of the prod- uct or service. Management team: The busi- ness owner's personal qualities and character and the manage- ment team's skill and expertise matter to a lender. The owner should describe his personal in- vestment in the company - both in "'sweat equity" and money. Company strategy: Here's where to outline specific plans to build and expand the business and to project a budget for the next one to five years. If it's a new business, the lender wants to see well-prepared, realistic strategies In writing a business plan. the business owner should consider her business from the lender's perspective and demon.strate why she is a good credit risk. The busi- ness plan should include the fol- lowing sections: Executive summary: This one- or two-page narrative ap- pears first but is written last - af- ter the owner has prepared the other components. The summary highlights the plan's contents and explains why the loan is needed. The company: This is the place to describe the legal status of the company and its history. If it's a new company, it should re- veal the company"s startup plans and any collateral needed to se- cure the loan. The market: A lender wants to know that a business owner has company's tax returns. These don't need to be part of the busi- ness plan. but borrowers should be prepared to provide them if the lender asks for them.) For help in preparing a busi- ness plan. visit Western New Mexico University's Small Busi- ness Development Center, Now that you have a good business plan. Paul Goblet. Fi- nancial Advisor to NM SBIC. has some ideas for alternate financ- ing. The New Mexico Small Business Investment Corp. (NMSBIC) was formed in 2001 to provide capital to the state's Senior Citizens Lunch Menu Crackers Pineapple/Cantaloupe Chunks Wednesday, September 1 Chicken .Tetrazzini California Blend w/Cheese Crackers Apple Crisp Thursday, September 2 Meatloaf Scalloped Potatoes Carrot Raisin Salad WW Dinner Roll/Margarine Tapioca w/Strawberries Friday~ September 3 Green Chile Chicken Enchilada Lettuce & Tomato Pinto Beans Spanish Rice Strawberry Ice Cream Monday, August 30 Salisbury Steak Mashed Potatoes Spinach WW Roll/Margarine Tropical Fruit Tuesday, August 31 Frito Pie Pinto Beans *2, 3 & 4 part business forms *BusJ.ness Cards ' ' 0 r ~' "i ~ .Bumper S'tiekers *Letterhead Photo Re-prints *Invoices ,,,' ' il lJ *Posters *Envelopes ltlli" *Flyers * Work Ordersl * Receipts *Tickets m *Certificates *And Much More! small businesses. The original charter was narrowly defined and the organization had relatively little money to lend. but legisla- tive amendments over the years allowed NMSBIC to formalize cooperative agreements with fi- nancial professionals and alterna- tive lenders. The organization wasn't formed to compete with tradi- tional banks that best understand local markets and clients and re- main the best source It exists to help those businesses that lack access to traditional banking sources or have been turned down by commercial lenders. These include businesses with logical and creditworthy loan requests that were deemed too small or too risky or not well suited for the bank's lending cat- egones. The borrower's collateral might have been weak or unac- ceptable or their credit scores might have been too low. Like a bank, only' different Alternatzve leaders have worked aggressively with 10an collateral. But they're usually more willing than many banks to work with a borrower and try to understand and accommodate their needs. The Loan Fund. with head- quarters in Albuquerque. is the oldest and largest "alternative lender in New Mexico (it just cel- ebrated its 20th anniversary). It's also the largest lending partner of the NMSBIC. with a capacity of $7.5 million. Since teaming up with NMSBIC in late 2004. the organization has loaned more than $13 million to almost 300 businesses statewide on behalf of NMSBIC. While the organization has approved loans of up to $750.000. its sweet spot ranges between $25.000 and $100.000 The Loan Fund can be reached toll free at 866-873-6746. ACCION New Mexico partneredwith NMSBIC before the other organizations. Since its first loan on behalf of NMSBIC in February 2004, it has approved more than 1,500 loans worth a total of $17.5 million. The aver- age ACCION loan is just over $11.000. but the favored range is $5.000 to $25.000. Reach ACCION at 800-508-7624. WESST is best known for its technical training assistance and most recently for building an out- standing business incubator in ~lbuquerque. The new facility has allowed WESST to expand its efforts to help small businesses with the basics -- including help- ing owners complete a business plan that can help them reach their goals and generate interest among lenders and investors. WESST is the smallest lending partner of the NMSBIC; its loans usually range between $5.000 and $25,000. The organization's lending chief. Kim Blueher. can be reached at 505-246-6900. The Western New Mexico University Small Business Devel- opment Center (SBDC) offers as- sistance 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 NMSBIC to make business loans The SBDC office is located on in every New Mexico the second floor of the Besse-For- community. Their primary goal is ward Global Resource Center on to be repaid on time, so they tfiink 4 2th Street.. More information and act like a bank when i~t comes may ........ be ......... founcl ....... at to seeing aborrower's dbcuments, tax files, accountant reports and index.html. 4 Photos Same Day Service Call for Appt. Available at the Hidalgo Count Herald 212 E. Motel Dr. Ste B. * Lordsburg 57 5-5 42.8705 212 ./flo&[ r/Jeit e 3're (/3 oedJburcz, %'04 7 DECLARATIONS OF CANDIDACY DECLARATIONS OF CANDIDACY 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. Your vote and support in the November 2. 2010 General Election will be appreciated. Thank You and Muchas Gracias. 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 County 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 November 2. 2010 will be greatly appreciated. Saturnino "Nino" Madero David A. Ramos I. Jody Hatch. hereby announce my Republican candidacy to the office of Hidalgo County Assessor. Your votes of support are appreci- ated. 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 Hidalgo County 11 ' New Mexico Press Iiii Association Member Hidalgo County Herald (USPS 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 per 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 g rievance policies, readers may contact the pub- lisher. Any unsolicited manuscripts become the property of the Hidalgo County Herald and will not be returned All information con- ained herein is copyrighted 2010 by the Hidalgo County Herald All )hotos/stories. unless stated, are written by our staff. POSTMAS- I, Mark Thomas. hereby announce my candidacy to the office of Magistrate Judge: Your support in the November 2. 2010 General Election will be appreciated. Mark Thomas I, Warren D. Walter. Republican. announce my candidacy to the office of Hidalgo County Sheriff. Your votes of support in the Novem- ber 2, 2010 General Election will be appreciated. Warren D. Walter I, Larry R Martinez. hereby declare my candidacy to the office of Hidalgo County Commissioner. Position 2. The future of Hidalgo County is based on: Our Children - Economic Growth Education Government transparency with spending Opportunity for jobs with work ethics Your support in the upcoming November 2nd 2010 General Election will be greatly appreciated Larry P Martinez 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 I. Ed Kerr, ask for your vote for Hidalgo County Commissioner Position 1 in the November general election this fall. Ed Kerr I, Nyla Dawn Walter. Republican. declare my candidacy for Mag- istrate Judge of Hidalgo County. I respectfully request your vote in the General Election. November 2, 2010. I will honor your support with fmnesry and fairness. Nyla Dawn Walter I. Theodoro V. "Chopo" Castillo. hereby announce my candi- dacy to the office of Hidalgo County Assessor. Your support in the November General Electionwilt be very much appreciated. Theodoro V. Castillo paid by candidates rER: 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 FRIDAY.AUGUST27.2010 3 HE ~UNSHI Dorothy Bradford Bradford is dedicated HNH employee By LORENZO ALBA, dR. We'd like to take time to recognize one Of our own longtime employees. Dorothy Bradford. She is one of our most. dedicated and loyal staff members. Dorothy's official position is Central Supply Coordinator and Passenger Assistant. She handles most of our supply orders in all departments, along with coordinating resident outside appoint- ments and actually driving them to them She has been working here for 11 years and is an important part of what we do here at Sunshine Haven. She is a Lordsburg resident with her husband. Charles. also worked here at Sunshine Haven for a few years after his retire- ment fr, om the New Mexico Department of Transportation. They have two children. Sandra. who resides in Lordsburg and Chuck who lives in Rio Rancho. They have four grandchil- dren. Dorothy says she enjoys serving our residents "It's hard to describe but giving them my personal touch in all that I do is what 1 strive for." said Dorothy Bradford. The residents make Dorothy's job enjoyable. We are proud and blessed to have Dorothy Bradford working with us here at sunshine Haven and we salute you. Dorothy! Well that is all for this week. See ya next week!! Iovg aou vg.p , rnuoLl gpanna PoPo Largest Inventory of Quality Used Vehicles in the Area! Check out these great on used Irucks! N! 2000 Ford Expedition 1995 Ford F-250 2005 Ford F-250 2008 Ford Edge 2007 Ford F-150 2010 Ford F-150 Red, Low Miles 2010 Ford F-150 Maroon Low Miles 2008 Ford F-250 4x4 2009 Ford F-150 Silver, Low Miles 2010 Ford Expl0rer2007 Ford Expedition 2008 Ford F-350 Diesel , 2006 Ford 500 2010 Ford Flex 2009 Ford Escape 2003 Ford Crown Victoria 2010 Ford Fusion, Very Low Miles FORD INC 542-3551 e 412 E. Motel Drive, Lordsbutg, NM