Resources
Starting Your Business
How can ABC help your business
FOR START-UP YOU MAY NEED TO PREPARE
Checklist to open a business
If you are opening a new business, please email us at dee@asianpibc.org, and we will send and translate the checklist to opening a business.
Thanks to WESST for supplying us the checklist.
CHOOSE A BUSINESS STRUCTURE
https://www.sba.gov/business-guide/launch-your-business/choose-business-structure
Business Plan
Marketing Plan
REGISTER with the State of New Mexico
This is where you go to fill out the business license.
If you need assistance or translation for applying or renewing a business license, please email info@asianpibc.org for more information.
Why do we need to register?
https://www.sba.gov/business-guide/launch-your-business/register-your-business
Register here:
Business License
If you need assistance or translation for applying or renewing a business license, please email info@asianpibc.org for more information.
Running Your Business
BUSINESS RESOURCES
Health Insurance As a Business Owner
TRAINING OPPORTUNITIES
APD AREA COMMANDER GUIDE
The Southeast Area
Commander: Luke C. Languit
Phone: (505)228-4259
The area command goes from I-25 east up to Eubank Blvd. The north south boundaries goes from I-40 to KAFB and Mesa Del Sol.
The Foothills Area
Commander: Shawn Garret
Phone: (505)332-5240
The Area Command goes from Eubank east up to the mountains and north and south spans the entire city limits.
The Northeast Area
Commander: Deanne Otzenberger Phone: (505)823-4455
The boundaries are I-25 east to Eubank, I-40 north to the city limits / Sandia Pueblo.
The Valley Area
Commander: Nick Wheeler
Phone: (505)761-8800
The boundaries are the Rio Grande river east to I-25, north to south the city limits, Sandia Pueblo to BCSO South Valley.
The Northwest Area
Commander: David Saladin
Phone: (505)768-4850
The boundaries is everything west of the Rio Grande river, and I-40 north up to Rio Rancho.
The Southwest Area
Commander: Rene Barraza
Phone: (505)831-4705
The boundaries are I-40 south to the county/BSCO everything west of the Rio Grande river.
EDUCATIONAL WORKSHOPS
COMMERCIAL REAL ESTATE WORKSHOPS
Part 1: Frank Yu Speech
Part 2: Q&A
U.S. SMALL BUSINESS ADMINISTRATION 101 WORKSHOPS
INSPECTION FORMS
FIRE INSPECTION FORMS
All commercial buildings and multi-family dwellings require a permit to operate or have fire protection systems installed are mandated an annual fire inspection.
For the new construction or the remodeling of any building, structure, premise, and all construction requiring a permit which shall be submitted to the Planning Department of the City of Albuquerque and the Fire Marshal’s Office Plans Review Section for review and approval.
The form and reference you might don’t want to miss out:
- Required Inspections, Fees and Rates Application
- Plan Submittal Requirements
- Fire 1: Hydrant and Access Checklist
- Fire 2: Floor Plan Checklist
- Fire Alarm Checklist
- Hood Suppression System Checklist
- Automatic Sprinkler system Checklist
- Fire Inspection Report Form
All detailed information will be on the website:
ENVIRONMENTAL HEALTH INSPECTION FORMS
Food Inspection & Safety
If you are a business that qualifies for an environmental health inspection (the red/green sticker), donwload the Food Inspection forms in the following API languages:
Funding Your Business
Loan Opportunities
SMALL BUSINESS LOAN
*ABC can offer language services to businesses applying for capital. To request assistance, please email us at info@asianpibc.org.
WESST Small Business Loan
Loan Range: $500 – $50,000
Interest Rate: 0% – 5%
Term: Max is seven (7) years, with preference given to shorter-term loans
Loan Use: any legitimate business purpose.
Eligibility:
- targeted to Women, Black, Indigenous, People of Color (BIPOC), Immigrants, Refugees, and low-wealth New Mexicans.
All recipients must work with a WESST consultant throughout the duration of the loan. Additional information for recipients are listed on their website.
No Application Fees, “Community Benefit”, or “Neighborhood Impact” Fees
Contact: Sandro Tonini – ctonini@wesst.org
Website: https://www.wesst.org/business-loans/
DreamSpring Small Business Loan
Loan Range: $1000 – $250,000
Interest Rate: 9.99% – 26%
Community Benefit Fee: 5% – 10%
Term: 24 – 72 months
Unsecured Loan options under $50,000
Loan Use: any legitimate business purpose
Eligibility:
- Credit score 600+
- You must have a Social Security Number (SSN) OR an Individual Tax Identification Number (ITIN)
No application fees
Contact: Isaac Crow – icrow@dreamspring.org
Website: https://www.dreamspring.org/small-business-loans
Businesses can apply for U.S. Small Business Administration (SBA) loans through Wells Fargo.
Wells Fargo SBA 7(a)
Loan Range: up to $5,000,000.
Interest Rate: can be fixed or variable, contact them for more information
Term: up to 25 years for commercial real estate, up to 10 years for all other purposes
Loan Use:
- acquiring an existing business
- buy-out a partner
- expand to another location
- purchase real estate or equipment
- combine any of these needs into one loan
Eligibility:
- businesses with net worth below $15 million
- average net income below $5 million.
Wells Fargo SBA 504
Loan Range: up to $6,500,000 for the Wells Fargo portion and up to $5,000,000 for the portion funded by a Certified Development Company
Interest Rate: can be fixed or variable, contact for more information
Terms: up to 25 years for commercial real estate, up to 10 years for machinery or equipment.
Loan Use:
- expand through land or building acquisition
- Construction
- equipment purchase.
Eligibility:
- businesses with net worth below $15 million
- average net income below $5 million.
Contact: Joseph Trimble – Joseph.R.Trimble@wellsfargo.com
Website: https://www.wellsfargo.com/biz/sba/
PNC Bank Small Business Loan (Unsecured)
Loan Range: $20,000 – $100,000
Interest Rate: fixed, contact for more information
Terms: Level monthly payments with a fixed maturity date up to six years
Loan Use:
- businesses that want an unsecured term loan, with a simplified application and decisioning process
Eligibility:
- Must be a PNC Bank Business customer (can apply at any PNC Bank Branch)
Website: https://www.pnc.com/en/small-business/borrowing/business-loans/unsecured-business-loan.html
PNC Bank Small Business Loan (Secured)
Loan Range: $100,001 – $3,000,000
Interest Rate: Fixed Rate or Variable Rate based on WSJ Prime, contact for more information
Terms: up to seven years
Loan Use:
- one-time business expenses that require longer term financing – such as equipment or machinery.
Eligibility:
- Must be a PNC Bank Business customer (can apply at any PNC Bank Branch)
- Collateral required: Variety of machinery, equipment or other non-real estate business assets
Website: https://www.pnc.com/en/small-business/borrowing/business-loans/secured-business-loan.html
PNC Bank Small Business Commercial Real Estate Loan
Loan Range: $100,001 – $3,000,000
Interest Rate: Choice of Fixed Rate or a Variable Rate based on Prime Rate, contact for more information
Term: Up to fifteen years, with up to a 25 year amortization
Loan Use:
- purchasing or refinancing owner-occupied commercial property.
Eligibility:
- Must be a PNC Bank Business customer (can apply at any PNC Bank Branch)
- Collateral required: Equity in owner-occupied commercial real estate
Website: https://www.pnc.com/en/small-business/borrowing/business-loans/commercial-mortgage.html
PNC Bank Small Business Vehicle Finance Loan
Loan Range: $10,000 to $250,000
Interest Rate: Fixed rate, contact for more information
Term: Up to 72 months
Loan Use:
- financing new or used passenger vehicles for business-use purposes
Eligibility:
- Must be a PNC Bank Business customer (can apply at any PNC Bank Branch)
- Collateral required: business-use new or used passenger vehicles
PNC Bank U.S. Small Business Administration (SBA) Loans
Businesses can apply for U.S. Small Business Administration (SBA) loans through PNC Bank:
- SBA Loans to Veteran-owned Small Businesses
- SBA 7a Loans
- SBA 504 Loans
- SBA Express
- SBA Export Express
Website: https://www.pnc.com/en/small-business/borrowing/sba-financing.html?lnksrc=topnav
Contact: Adris Samadi – adris.samadi@pnc.com
SBA DISASTER LOAN
When Disaster Strikes
When disaster strikes, even with the best preparedness planning, a disaster can affect your business. But rest assured, the U.S. Small Business Administration (SBA) offers two low-interest loans designed to help you get up and running again as quickly as possible.
Long-term Recovery Help
When disaster strikes, low rates and long terms make U.S. Small Business Administration (SBA) disaster assistance loans an affordable option for businesses and residents in your community. A business does not have to be small to receive SBA disaster recovery assistance.
Low-interest Loans Can Help
If your home or personal property has been damaged or destroyed by a declared disaster, you may be eligible for a loan from the U.S. Small Business Administration (SBA). Our affordable interest rates and competitive terms make SBA disaster assistance loans an attractive option.
BUSINESSES & NONPROFITS
Business Disaster Loans
Loan Range: Up to $2 million*
SBA disaster loans are available to businesses, regardless of size, and nonprofits including charitable organizations such as churches and private universities.
Borrow up to $2 million to repair or replace damaged or destroyed real estate, machinery and equipment, inventory and other business assets. Loans may also be used for structural improvements such as adding a retaining wall or sump pump, clearing out overgrown landscaping, building a safe room of elevating the property to lessen the effect of future disasters.
Economic Injury Disaster Loans
Loan Range: Up to $2 million*
These loans are for small businesses, agricultural cooperatives, aquaculture enterprises and nonprofits affected by disaster to help meet working capital needs or normal business operating expenses through the recovery period. Businesses are eligible for these loans regardless of whether or not they have suffered property damage.
*The maximum loan for any combination of property damage and/or economic injury is $2 million.
FOR HOMEOWNERS & RENTERS
SBA and the Federal Emergency Management Agency (FEMA), our federal partner, work together to help affected individuals get through the challenging period after a disaster. Here’s how SBA can help:
Your Home
Loan Range: Up to $200,000
Homeowners may use loan proceeds to repair or replace a primary residence. Loans may also be used for structural improvements such as adding a retaining wall or sump pump, clearing out overgrown landscaping, building a safe room or elevating the property to lessen the effect of future disasters.
Your Personal Property
Loan Range: Up to $40,000
Renters or homeowners may use loan proceeds to repair or replace furniture, appliances, vehicles and/or other personal property.
Contact: disastercustomerservice@sba.gov
Website: Disaster Loan Application Paper Forms (sba.gov)
Grant Opportunities
If you need assistance or translation for applying or renewing a business license, please email info@asianpibc.org for more information.
Financial Literacy
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