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Lordsburg, New Mexico
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October 22, 2010     Hidalgo County Herald
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October 22, 2010
 

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I lilplllillll I IIIm HIDALGO COUNTY HERALD SBDC Financing a business in a brave, new business world cialize in smaller loans to help startups. But as alternative lend- ers such as ACCION, WESST and The Loan Fund have demon- strated in the past few years, they can also support larger loans of greater scope. Larger businesses with an existing and predictable base of business can turn to asset-based lenders. These lenders typically take a direct security interest - or even buy - a business's assets, like its accounts receivable. A trusted commercial banker can provide the name of reputable asset-based lenders, Equity investment is another source of Capita[, but it is far dif- ferent from debt financing. An equity investor has a distinct ex- pectation of potential return for the investment and truly becomes a partner. Sources of debt financing expect repayment of their invest- ment over time and a reasonable rate of interest. Depending on the nature of the loan and the condi- tion of the company, interest might be tied to the prime rate paid by banks, but it is generally not more than 10 to 15 percent. In contrast, equity investors are more patient about being repaid in the future, and they don't need regularly scheduled interim pay- ments. But they typically expect an annuatized return of 40 to 60 percent, depending upon what stage the company is in. For an -equity investor, the company's growth prospects must be ex- By TOM STEPHENSON, Manag- ing General Partner, Verge Fund The primary way in which banks make money is through loans. But in today's economic environment, regulators are re- quiring banks to increase their reserves - the capital that backs loans - to support an increasing number ol  loans at risk of de- fault. As banks work hard to re- duce their bad loans, many are making far fewer new loans and decreasing the limits on existing lines of credit. Their problem is that they need to make more loans to make money, but they are be- ing pressured to make fewer loans. For business owners in need of capital to grow or stay afloat, a bank's problems can become their own. A company that once quali- fied for a line of credit flow might only qualify for a smaller line ot no line at all. This is often true for a company seeking its first round of debt financing, but even companies with long-standing relationships with commercial lenders feel the scrutiny. Banks and businesses operate in a vastly different financial world than a few years ago. Consider the Alternatives With commercial banks in- creasingly sidelined, many busi- nesses are finding an answer to their borrowing needs in smaller loans from alternative lenders Sometimes referred to as micro- lenders, these organizations spe- Nyla Walter tremety strong, or the owner can expect to give up a large equity stake to make the economics work for the investor. Equity Means Ownership Another important difference between debt and equity financ- ing is the investor's level of in- volvement. While today's eco- nomic environment requires any source of capital to pay close at- tention to the business, equity investors are true partners be- cause they own part of the com- pany. Equity investors expect to be treated as co-owners and to reap substantial benefits at the end of their relations with the company, usually when the com- pany is sold. As commercial banks keep tight control of their loao portfo- lios and alternative lenders ad- dress specific lending needs, eq- uity has become more important in the spectrum of funding oppor- tunities available to companies. Equity capital is available through local venture capital firms, as well as New Mexico An- gels and hybrid sources such as New Mexico Mezzanine Capital. Before approaching any source of capital, business own- ers should research the expecta- tions and areas of focus of the or- ganizations they are considering approaching. Equity investors do not look favorably upon being asked for a term loan. and tech- nology investors are unlikely to invest in a construction deal. Time wasted pursuing inappropri- ate sources means delays in ac- quiring the capital needed to grow a business. Sot Magistrate Jud Your Vote on Nov 2 will be deeply appreciated! Rally ttafly SUSANA M00R00N00EZ Candidate for Governor Bring your Spouse, Children, Relatives, Friends, and Neighbors! 11 A.M.-12 Noon Sunday - October 24th A convincing plan that dem- onstrates strong growth potential is likely to catch equity investors' attention. And any company that has survived the recession more streamlined, more focused on cus- tomers and sales, and more savvy about how to grow rapidly in the recovering economy will find it- self more attractive to equity in- vestors than ever before. Money is available to sup- port growing and successful busi- nesses. Those who find it only look a little harder. An archive of SBDC Busi- ness Reports can be found at h t t p : / / www.grantcountybeat.com/ Home.html The Western New Mexico FRIDAY, OCTOBER22,2010 3 Pictured above are NMAC Executive Director Paul Gutierrez, NMAC Iast President and San Juan County Commissioner Tony Atkinson, NMAC President Elect and Catron County Treasurer Sarah Merklein, Hidalgo County Commissioner Harold Kuenstler, NMAC Vic President and Taos County Commissioner Andrew Chavez and NMAC President and Grant Courty commissioner Mary Ann Sedillo. / Courtesy photo NMAC honors Hidalgo C(00unty Commissioner Kuenstler' ith the So00hri0000g Eagle Award El Charro Restaurant 209 Southern Pacific Blvd., Lordsburg, NM Hosted by ttur Hidalgo County Republican Party Courtesy submission The New Mexico Associa- tion of Counties (NMAC) recog- nized the contributions that Harold Kuenstler has made to improve the quality of life in Hidalgo County and m service to all New Mexico citizens. The prestigious NMAC Soaring Eagle Award was presented to Mr. Kuenstler by the NMAC Board of Directors at the final board meet- ing of the year in Socorro. New Mexico, on October 8. 2010. Fourteen elected officials were honored for their service: De Baca County Commissioner Tommy Roybal. Dofia Ana County Com- missioner Oscar Vasquez-Butler. Grant County Commissioner Senior Citizens Lunch Menu Monday, October 25 Ham & Cheese sandwich Lettuce/Tomatoes Mixed Vegetables/Margarine Mandarin Oranges Tuesday, October 26 Stuffed Chicken Breast  Lrwuers nall Business D e el- Baked Potato.,  6pmntCeer(SBDC) offers-s- . Sour-Cream & Margarine Slstance to entrepreneurs who are Mixed:Vegetables 19aess or wanting to Applesauce ake expand an existing business. Wednesday, October 27 These services are available at no Hamburger Stroganoff cost. Ca11-538-6320 for an ap- Egg Noodles pointment with a business advi- Spinach sor, or email sbdc@wnmu.edu. Cauliflower & Cheese The SBDC office is located on the second floor of the Besse-For- Cottage Cheese & Pears ward Global Resource Center on Thursday, October 28 12th Street. More information Chicken Pot Pie Buttered Green Beans & Onions may be found at www.nmsbdc.com/silvercity/ Beets index.htmL Apple Crisp Contact the SBDC office for Friday, October 29 information about this workshop: Roast Beef October 27 - "Gross Mashed Potatoes/Gravy Receipts Tax Reporting" WW Roll/Margarine White Cake 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. David A. Ramos I, Judy Hatch. hereby announce my Republican candidacy to the office of Hidalgo County Assessor. Your votes of support are appreci- ated. Judy 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 00'HERALD 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 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 P. 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 honesty and fairness. Nyla Dawn Walter New Mexico Press Association Member Hidalgo County Herald (USPS I. Theodoro V. "Chopo" Castillo. hereby announce my candi- dacy to the office of Hidalgo County Assessor. Your support in the November General Electionwill be very much appreciated. paidbycandidates Theodoro V. Castillo I!il 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 grievance policies, readers may contact the pub- lisher. Any unsolicited manuscripts become the property of the Hidalgo County Herald and wil not be returned. All information con- tained herein is copynghted 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 Mary Ann Sedillo. Harding County Commissioner Robert Casados. Hidalgo County Com- misstoner Harold Kuenstler. Lin- coln County Treasurer.Beverly Callaway, Mora County Com- missioner Peter Martinez, Rio Arriba County Commissioner Elias Coriz. San Miguel County Commissioner June Garcia. Sandoval County Sheriff John Paul Trujillo. Santa Fe County Commissioners Michael D. Anaya and Harry Montoya, Socorro County Probate Judge Ruben Savedra. and Torrance County Commissioner Jim Frost. It is with grateful apprecia- tion and gratitude that the Asso- ciation bids farewell to these out- standing leaders and honors them with the Soaring Eagle Award for their public service. These elected officials truly deserve to be recognized and commended for the time. energy and sacrifice that they have made on behalf of their counties and constituents. Members of the NMAC Board of Directors meet six times annually and attend numerous legislative hearings, public meetings and set policy direction for the Associa- tion which represents allirty three New Mexico counties. "Harold has been :a very ang leader for Hidalgo County Lce joining the NMAC Board Directors in 2005. In addition serving as a member of the ard, Mr. Kuenstler was also a trict representative on the Ex- Jtive Committee from 2006- 10," said Paul Gutierrez. /IAC Executive Director. "It is fortunate that because of term fits for county elected officials. rold will no longer be able to stI si] of tO B( di ec 2 N1 un lin H serve on the Association Board ant will not be able to serve the copstituents of Hidalgo County asian elected Commissioner. He ha been an outstanding advo- cate for all New Mexico counties at the state and federal levels." New Mexico Association of Counties is a non-profit, nonpar- tisan association representing and setving New MexiCo's thirty- three counties. NMAC supports and promotes the idea that all county elected officials and pro- fessional county employees must have the opportumty to act to- gether to solve problems and to work for the progress of county governments in New Mexico. For more information and updates on our events, programs and other iniiativgs, - vsit, www.nmcounties.org. .......... "lT" rlnh mn Jr, $12 4 Photos Same l)ay Service Call fsDI. App 212 E. Motel Dr. Ste B. * Lordsburg * 575:'542.8705 Largest Inventory of Quality Check out these great on used 00rucks! 2010 Ford Explorer 2010 Ford Escape 2007 Ford F-250 Diesel 006 Lincoln Navigator 2004 Ford F250 Gas Engine 1994 Ford F-250 Utility Bed Pickup 2001 Ford F350 Utility Bed Pickup 2004 Ford F250 Utility Bed Pickup 2007 Ford Explorer Sport Trac 10 Ford Flex 2007 Lincoln MKX 2010 Ford Fusion 1998 Lincoln Towncar 1994 Buick Skylark 2009 Ford Escape 2010 Toyota Camry 2009 Honda Accord 2009 Nissan Altima 19,96 Ford T-Bird 2010 Ford Focus-Like New 9MITH ,4,.,,,, FORD INC. 412E.,olelDrive, tordsburg, N,