The Lovington MainStreet district is a busy, dynamic place for your business! City Hall, the County Administration and Courthouse, Chamber of Commerce, Economic Development Corporation, Library and School District Administration are all located here as well as many of our financial institutions. If you are interested in opening a business in the MainStreet District, we are here to help you in any way that we can. We partner with the Small Business Development Center who provide resources and support to help new entrepreneurs.
Currently, there are no financial resources available through our program, but there are sources of capital to assist new businesses:
Acción 1-800-508-7624 Acción extends micro-loans and business training to help small business owners realize their dreams. Acción’s priority is to help those who do not have access to credit from traditional sources. They offer lines of credit from $5,000 to $25,000 and first-time loans up to $20,000 for existing and start-up businesses.
Enchanted Land Certified Development Corporation (ELCDC) 505-843-9232 ELCDC is a certified development company licensed by the Small Business Administration to offer 504 Programs in New Mexico. The SBA 504 Program provides fixed-asset financing from $50,000 to $1.5 million.
Women’s Economic Self Sufficiency Team (WESST Corp.) 800-469-3778 WESST Corp. offers consulting, training and support programs as well as loans to small and minority-owned businesses. The typical loan is up to $5,000.
USDA Rural Development 505-761-4953 USDA Rural Development supplies government loan guarantees of 60-90% of loans provided by traditional lenders.