Today's Important News by Priscilla Dakin
On behalf of the State, we’re ready to lend, and we’re ready to lend at attractive rates. We are working hard to support economic recovery. We’re also working hard to make sure that every New Mexico business that could benefit from the program knows where to find us.”
The opportunity is done as of 6/30/20. There could be more to come but we just don't know. Come back to this site, if you have an interest.
It can take months to secure this funding. Make your business or real property purchase now. Ask me - 505-690-1413
These are huge opportunities for the right owner.
These longer-term, relatively low interest loans are no longer limited to agriculture.
This allows the biz owner greater latitude in the reopen process.
But is good to know if under 60, at all, it is no forgiveness.
And, money is still available.
This program offers funds with delayed repayment at low interest rates and some or all may be forgiven. One Source
This program is to be rolled out this week (5/25/20) as a 4-year loan. Forgiveness is not part of it. Details Here
These loans are available for application and are generally longer term and low interest rate. Forgiveness is not part of it. Application Here
Each bank is responsible for processing the application for forgiveness. How one bank is handling it is not as another is. Check with your bank.
are you planning to be different to fit the change in your clients, the restrictions demanded, the needs for your staff?
are you prepared to answer the question about 'need' as defined in your application, keeping proper records of expenditures, working off a specific plan for spending the funds on time, and adhering to a process for keeping track?
it seems the income from PPP will be taxed but you cannot then write off the related expenses. Always ask your CPA/Tax Preparer
to hoard cash, be nimble for change, and care for yourself, staff, family, and clients.
my job is to help. Priscilla
Having Trouble ? Ask Me
Contact your business banker - soon
Through SBA. gov
Up to $25,000
Having Trouble? Ask Me
Includes the $600 per week extra
from federal government
Includes the $600 per week extra from federal government.
For 40+ pp employers - a loan
Add a footnote if this applies to your business
From $100K to $30MM in revenue, Priscilla has deep, multi-industry operational experience over decades.
Over 30 years of education and experience in valuation and brokering businesses, having earned two fellowships, Certified Business Intermediary, and MBA from the University of Chicago.
A top contributor to ABBA Best Practices.
Giving proper service by not trying to the be biggest but, instead, being the best. Many times better than the average.