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Hidalgo County Herald
Lordsburg, New Mexico
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November 12, 2010     Hidalgo County Herald
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November 12, 2010
 

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HIDALGO COUNTY HERALD FRIDAY, NOVEMBER 12, 2010 3 SBDC Preparing to ask for a loan By KIM T. BLUEHER, Director of Lending, WESST Asking for a loan is a type of negotiation. As with any negotia- tion, an entrepreneur is more likely to succeed if she under- stands the needs of the other party: the lender. It also helps to know the lan- guage of lending. A knowledge Of terms like assets, liability, net worth, gross or net profit, collat- eral, receivables, payables, amor- tize and depreciate tells the lender that a borrower understands the financial aspects of his business. Would-be borrowers will need to answer personal ques- tions about their credit history, business plan and personal stake in the business. Money matters Because a credit report car- ries weight with lenders consid- ering a loan request, borrowers should Check their report at least once a year to ensure the infor- mation is correct. A credit score is another number lenders will re- view as it shows how well a bor- rower has paid her debts. Borrowers with low credit scores and unflattering credit re- ports can still get loans if they can explain their circumstances to a lender's satisfaction. A bor- rower with a recent bankruptcy, tax liens, unpaid judgments, un- paid child support and student loan defaults, however, should resolve these more serious prob- lems before applying for a loan. Lenders also want to know the state of a borrower's personal and business finances. Most will request a personal financial state- ment, personal and business in- come tax returns and other finan- cial statements from the business. If the business is new, the lender will want to be sure it has few debts and enough cash flow for the borrower to make loan pay- ments. What's the plan? Entrepreneurs considering different types of loan require- ments should determine if they'll need to write a business plan to UPCOMING EVENTS Continued from Page 1 Veterans Wreaths The Lordsburg VFW is now taking orders for veteran wreaths as part of their annual Wreaths Across America campaign. The live wreaths are $15 each and can be pre-ordered by calling VFW commander Ray Martinez at 575- 542-9503 or from any VFW mem- ber. Deadline to order is Novem- ber 29. Please make checks pay- able to Wreaths Across America. Bingo Cancelled Bingo at the Lordsburg Elks Lodge will not be held on Thurs- day, November 11, 2010 in rec- ognition of Veterans Day and on Thursday, November 25 in honor of Thanksgiving. Bingo wilt be held on the 5 'h and t9L Walking & Activity Club The Active and Alive Walk- ing & Activity Club meets from 12-2 PM at the Special Events Center on Mondays and Wednes- , dfiys, lor more information call '575-537-0248 ext. 227. Step Aerobics The Active and Alive Step Aerobics class is held at 6 PM at Central Elementary School on Tuesdays and Thursdays. For more information call 575-537- 0248 ext. 227. ' Medicare Part D, Health Care Reform Rosa Torres, Southern Re- gional Coordinator, with Aging & Long-Term Services will be in Lordsburg on Monday, Novem- ber 29, 2010, in the HMS Confer- ence Room, 530 E. DeMoss St., from 10:00 a.m.-2:00 p.m. for Medicare D enrollment. Please bring your Medicare cards, Medi- care D cards, & all you medica- tions with you. A Sign-in Sheet Will be available to all arrivals to best serve everyone. For your ihformation: Enrollment for Medicare D is November 15 'h through December 30 'h, however, if. you have both Medicare & Medicaid, you may enroll for FILL YOUR FREEZER WITH FINISItED HERITAGE BEEF STEERS FROM ANADOS DEL REY ALL NAI'URALLY RAISED 'ASTE TttE HERITAGE AND THE HEART OF TtlE SOUTHWEST FOR INFO CALL John Guldemann @ (575) 640-5904 Medicare D at anytime, if you choose to. For more information, please call Gloria Vargas @the HMS Family Support Office @542-3047 or 542-8384 ext: 408. Please join us. Walk of Angels T-shirts orders are now being taken for the 2 "d annual Walk of Angels'. Cost is $10 without pic- ture and $15 with picture. Must be paid in full by Nov. 5, 2010. Orders will also be taken at North Park during Discover Hidalgo County. For more information call Mary at 575-956-3227 or Becky at 575-590-0172. Line Dancing The Active and Alive Crooked Halos Line Dancing ' classes are held from 5-6 PM for intermediates and 6:15-7:30 PM for advanced at RV Traylor El- ementary School on Mondays and Wednesdays. For more infor- mation call 575-537-0248 ext. 227. Cancer support group Hidalgo County Health Consortium is offering a free on- line support group for those deal- ing with cancer or other medical needs. This support group offers support to survivors and Caregivers or family and friends. The group leader is PLTC (people living through cancer) trained and is a survivor as well. Please email the following to chat or for more info: hidalgosurvivors group @ yahoo.com Suicide prevention Suicide Prevention meetings are held the first Monday of each month at the Hidalgo Complex in Lordsburg at 7:00 p.m. The public is invited and encouraged to attend. AA/NM Meetings Alcoholics Anonymous (AA) meetings are held on Monday at 3 p.m. at the Kokopelli Office and on Satur- day at 7 p.m. at the First Meth- odist Church. Narcotics Anony- mous (NA) meetings are held Mondays at 5 p.m., Wednesdays at 3 p.m. and Thursdays at II a.m. at Kokopelli and on Sat- urdays at 5:30 p.m. at the First Methodist Church. For more information contact Kokopelli at 575-542-3304. Event listings Have your upcoming event listed in the Hidalgo County Her- ald by calling 575.542.8705 or emailing it to hcherald @aznex.net. 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 grievance 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- 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- Iel 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 present to a potential lender. A good business plan takes time to research and write, but the investment can spell the differ- ence between success and failure for a business. A plan also shows a lender that an entrepreneur has thought through the most impor- tant aspects of starting a new busi- ness or expanding an existing venture. Many lenders require a busi- ness plan before approving a loan, but some lenders will waive this requirement. The owner's stake Lenders want to see what borrowers are risking in their own business, so they'll ask the bor- rower for collateral in the form of cash" or another valuable asset owned by the borrower or busi- ness, such as a car, equipment or equity in real estate. Some com- munity lenders allow collateral in the form of artwork, jewelry or other personal possessions the borrower is loath to lose. Borrowers are asking lenders to invest in something which the lender has no control, so it's only fair that lenders want assurance that borrowers will work hard to repay their loans. 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 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. Are you interested in finding out what the southwest areas is planning for New Mexico's Cen- tennial? Join the SW Centennial Committee and share your ideas. The next meeting is November 4, 10:00 a.m. at the Columbus Li- brary. Call the SBDC office for more information, and check out the web site: http:// nmcentennial.org/index.html. An archive of SBDC Busi- ness Reports can be found at http://www.grantcounty beat.com/Home.html Cottage House sT.s42.aas0 R-L US Secretary of Defense Robert Gates, Ambassador, Michael Michalak, Dr, Michael Orona of Lordsburg. Orona attends US-Vietnam conferences Michael Orona, JD, Ph.D. formerly of Lordsburg was in attendance of the US-Vietnam Cooperation Conference this past October. The meetings were held at the National Uni- versity in Hanoi, Vietnam. In attendance was US Secretary of Defense Dr. Robert Gates. Dr. Orona, First Secretary of Politi- cal Affairs and Ambassador Michael Machalak. A subsequent meeting of 17 prime ministers and presidents from Asia, Australia and the So- viet Union followed the confer- ence wherein the Asian Leaders discussed cooperative measures between the nations. In the third week a follow up meeting by US Secretary of State Hillary Clinton closed the month long conferences. Dr. Orona was present at all three conferences tracking the delegatesstances on cooperative measures in differ- ent areas of international in- volvement. In his second year at the US Embassy in Vietnam, Dr. Orona as First Secretary Of Political Affairs has been Instrumental in developing measures for US- Vietnam relations. Dr. Orona is a 1988 graduate of Lordsburg High School. Fine Arts and Crafts Show to be held in Rodeo Nov. 20 Submitted by MIXED NUTSIRo- deo The 'Mixed Nuts' craft group of Rodeo, New Mexico, is having its annual Craft Show on November 20, 2010 at the Rodeo Community Center from 9:00 Senior Citizens Lunch Menu Monday, November 15 Chicken Tenders Mashed Potatoes w/Gravy Spinach/Margarine WW Roll/Margarine Jell-O/Fruit Tuesday, November 16 Pepper Steak & Rice Tangy Carrot Coins Buttered Broccoli Cottage Cheese Peaches Wednesday, November 17 Grilled Cheese Sandwich Vegetable Soup Crackers Apricots Thursday, November 18 Turkey Dinner/Gravy Dressing Green Beans Potluck Roll/Margarine Cranberry Salad Pumpkin Pie/Toppint Friday, November 19 Taco Lettuce/Tomatoes/Onions Salad & Dressing Apple Cobbler Without you we wouldn't be who we are today! You rockl We love you! Love Dana, Andrew, Johnna, Amanda, Patrick, Frances, Noah, Bud, Mykel, Trey, Serena, Johnnathon, Alden, Vanessa, Ralphie, Max, Frank, Ralph & Bobbi Jo Deming Silver City area (575) 546-0070 (575) 537-0777 Local Calls (575) 542-3330 Reasonably Priced Funeral And Cremation Services Excellence in service and care for your family should always be affordable... It can and always will be with us. a.m. to 3:00 p.m. There will be about 25-30 vendors .from all over the state. There are still spaces available. Spaces are $20 indoors with a table and chairs or $10 outside under a covered area. You will have to provide a table. If inter- ested, contact 575-557-23t 1 or 575-557-2372 for more informa- tion. A green chili stew plate will be served at noon. Drinks can also be purchased. Plan a day with us. We have a great show. There will be sortie- thing for everyone. Steven O, Briggs Memorial services for Steven O. Briggs, age 58, of Virden, New Mexico, will be conducted Satur- day, November 13, 2010, at O Joes. Steven passed away Novernber 1, 2010, at the V.A. Medical Center in Tucson. Steven O. Briggs was born February 11, 1952, in Silver City, New Mexico, the son of James and Eliza- beth Briggs. He served his coun- try honorably for four years in the United States Army. Throughout his lifetime, Steven worked for Phelps Dodge Mining Corpora- Steven O. Briggs Lazy B Ranch. Steven will be re- membered as a beloved husband, father and son. Although he will be deeply missed, his memory will live on forever. Steven leaves to mourn: his wife, Mary J. Briggs; children, Steven J. Briggs, Karen and Jamie; step-children, Kandy and Dal- las; his mother, Betty Little; a sister, Janie; and his brother, J.R. Briggs. Online con- dolences may be offered at viningfuneralhome.com Arrangements are entrusted to Vining Funeral Home. Largest Inventory of Quality Used Vehicles in the Area! Check out these great on used Trucks! 2010 Ford Explorer 2007 Ford F-250 Diesel 2006 Lincoln Navigator 2009 Ford F-250 Gas 2004 F0rdF'150 1999 FordF-150 2008 Ford F-250 Gas01ine 2008 Ford Escape 2006 Chevy Silverad0 1500 4x4 1994 Ford F-250 Utility Bed Pickup 2001 Ford F350 Utility Bed Pickup 2004 Ford F250 Utility Bed Pickup 2007 Ford Explorer Sport Trac 1994 Buick Skylark 2009 Ford Escape 2010 Ford FUsion 2010 ToyotaCamry' 2009 Honda Accord 2009 Nissan Altima 1996 Ford T-Bird 2003 Chev Monte Carlo 2008 Ford Taurus-Low Miles RMD00 yU " 542.3551 412 . Motel Drive, Lordsburg, NM