The Business Improvement District fosters entrepreneurship and business expansion in various modes, one of which is assisting with applications for financing. Below are mirco-lenders with flexible loan requirements and terms based on small business needs. For business ideas or expansion that may require private investors, please contact the B.I.D. directly.

ACCION New Mexico
ACCION New Mexico is an award-winning nonprofit organization that increases access to business credit, makes loans and provides training to help emerging and existing entrepreneurs realize their dreams.
http://www.accionnm.org
20 First Plaza NW
Suite 417
Albuquerque, NM 87102
505-243-8844

Enchantment Land Certified Development Company (ELCDC)
ELCDC is a non-profit organization licensed by the Small Business Administration to administer the SBA 504 Loan Program. The 504 provides long term fixed asset financing to small business concerns.
http://www.elcdc.com
6500 Jefferson NE
Suite 200
Albuquerque NM 87109
Phone: 505.843.9232
Fax: 505.764.9153
Toll-Free: 888.282.9232

The Loan Fund
The New Mexico Community Development Loan Fund is private, tax-exempt organization that provides loans, training and business consulting to entrepreneurs, business owners and non-profit organizations throughout the state and the entire Navajo Nation. Funding range: $5,000 – $1 million
www.loanfund.org
423 Iron SW
Albuquerque, NM 87103
505-243-3196

Pinnacle Bank
Small business loans are our specialty and much of our commercial lending is to small business. We have loans with the bank as well as partnerships with the SBA, USDA and BIA with their participation or loan guarantee programs that make getting into a loan easier if there is a shortfall in equity or strength requirements.
http://www.nmpinnbank.com
107 E. Aztec
Gallup, NM 87301
505-722-4411
Tommy Haws
Mark Horn
Jason Sanchez

Small Business Administration (Small Business Development Center)
Small Business Development Center (SBDC)
Whether you are currently a small business owner or looking into entrepreneurship, the Small Business Development Center at the University of New Mexico- Gallup (SBDC) can help you climb and manage the ladder of success. The SBDC offers FREE one-on-one consulting, training courses, and government procurement assistance for the Greater Gallup and McKinley County area. We also provide research and structuring assistance with loan programs from local banks, SBA, Acción and the New Mexico Loan Fund as well as others to find the most appropriate funding model for your needs.
The SBDC would also like to highlight that all client information is strictly confidential.
Contact Information: GALLUP SBDC 106 W. Hwy. 66 Gallup, NM 87301
Phone: (505) 722-2220
www.nmsbdc.org/gallup

U.S. Small Business Administration (SBA)
U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses. SBA provides assistances primarily through its four programmatic functions: Access to Capital (Business Financing); Entrepreneurial Development (Education, Information, Technical Assistance & Training); Government Contracting (Federal Procurement); Advocacy (Voice for Small Business).
Loan Programs: Financing your business requires research to find the most appropriate funding model. SBA offers a variety of loan programs for very specific purposes. The Microloan Program; The 7(a) Loan Program; The CDC/504 loan program; Guaranteed Loan Programs (Debt Financing)
Contact Information: SBA New Mexico District Office
PO Box 2206 Albuquerque, NM 87103
Phone: 505-248-8225
http://www.sba.gov/about-offices-content/2/3132

WESST
WESST provides small business loans for women and other entrepreneurs who encounter difficulty in obtaining financing. As a micro-lender, they specialize in financing viable businesses that don’t meet the criteria of banks or other traditional lenders. Funding rang: $200 – $50,000
http://www.wesst.org
WESST Enterprise Center
609 Broadway Blvd. NE
Albuquerque, NM 87102
General information: 505.246.6900
Toll Free: 1.800.GoWESST (1.800.469-3778)