Small Business Financing Las Cruces NM

Looking for Small Business Financing in Las Cruces? We have compiled a list of businesses and services around Las Cruces that should help you with your search. We hope this page helps you find Small Business Financing in Las Cruces.

Donald K Shaw, CFP®
(575) 523-7444
2452 Missouri Ave
Las Cruces, NM
Firm
Kriegel/Gray/Shaw & Co., P.C. Certified Public Accountants
Areas of Specialization
Accounting, Comprehensive Financial Planning, Estate Planning, General Financial Planning, Small Business Planning, Tax Planning

Data Provided By:
Mr. Frank D. Szalay, CFP®
(575) 526-9006
650 Montana Ave Ste I
Las Cruces, NM
Firm
Raymond James Financial Services, Inc.

Data Provided By:
Bryce Andersen, CFP®
(575) 521-5130
425 S Telshor Blvd Ste C101
Las Cruces, NM
Firm
Merrill Lynch Bank & Trust Co., Fsb
Areas of Specialization
Banking, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Investment Management, Long-Term Care, Retirement Income Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Wells Fargo - North Main
(575) 523-3942
2400 N Main St
Las Cruces, NM
Type
Branch
Office Hours
Mon-Fri 08:00 AM-06:00 PM
Sat 09:00 AM-04:00 PM
Sun Closed

Wells Fargo - South Main
(575) 526-7000
500 S Main St
Las Cruces, NM
Type
Branch
Office Hours
Mon-Thu 09:00 AM-05:00 PM
Fri 09:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Mr. Carl R. Overmyer, CFP®
(575) 541-6501
340 N Water St
Las Cruces, NM
Firm
Ameriprise Financial
Areas of Specialization
Asset Allocation
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Self-Employed Business Owners

Data Provided By:
Mr. Charles J. Wagner, CFP®
(505) 556-8514
2455 Missouri Ave Ste A
Las Cruces, NM
Firm
Wagner Financial Services, LLC

Data Provided By:
Mr. Brent A Lambert, CFP®
(575) 521-2355
3050 Roadrunner Pkwy
Las Cruces, NM
Firm
Morgan Stanley

Data Provided By:
Wells Fargo - South Main Mb
(575) 526-7214
600 S Main St
Las Cruces, NM
Type
Motor Bank
Office Hours
Mon-Fri 08:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Wells Fargo - Wal-Mart Las Cruces
(575) 526-1228
571 Walton Blvd
Las Cruces, NM
Type
In-Store Branch
Office Hours
Mon-Thu 10:00 AM-06:00 PM
Fri 10:00 AM-07:00 PM
Sat 10:00 AM-06:00 PM
Sun Closed

Data Provided By:

Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

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