877 552 7426 info@asianpibc.org

Resources

Starting Your Business

How can ABC help your business
Download the Asian Business Collaborative brochure now.

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
Draft a marketing plan: coming soon.
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:

https://portal.sos.state.nm.us/BFS/online/Account

Business License
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.

Running Your Business

Health Insurance As a Business Owner

EDUCATIONAL WORKSHOPS

COMMERCIAL REAL ESTATE WORKSHOPS

Part 1: Frank Yu Speech

Part 2: Q&A

 

U.S. SMALL BUSINESS ADMINISTRATION 101 WORKSHOPS

The Powerpoints:

SBA overview – English

The Video:

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:

  1. Required Inspections, Fees and Rates Application
  2. Plan Submittal Requirements
  3. Fire 1: Hydrant and Access Checklist
  4. Fire 2: Floor Plan Checklist
  5. Fire Alarm Checklist
  6. Hood Suppression System Checklist
  7. Automatic Sprinkler system Checklist
  8. Fire Inspection Report Form

All detailed information will be on the website:

Fire Marshal’s Office — City of Albuquerque (cabq.gov)

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
This is where you go to apply for 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
Coming Soon

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