One of the obstacles most commonly reported by entrepreneurs — particularly first-time business owners — is the difficulty obtaining capital to start or expand a business. As a microlender, we specialize in financing viable businesses that don’t meet the criteria of banks or other traditional lenders.
Our small business financial services offer several advantages over other micro-lending operations in the state:
The value of the support services that we provide to our loan recipients is evidenced by the extremely low default rate on our small business loans.
Our loan platform includes:
WESST Loan Fund Program – Loans to help facilitate either the start-up or growth of small businesses that are unable to obtain financing through traditional loan sources.
Technology Toolkit Loan Program – Loans to purchase computer related software, computer devices and/or to cover the costs associated with setting up or enhancing a business website, low interest rate and accelerated application process.
Refugee Loan Program.
Small Loan Program – Business loans of up to $500 for the purpose of building a positive credit history or to improve an existing score.
WESST is a statewide 501c3 organization that is committed to growing New Mexico's economy by cultivating entrepreneurship. Our passion, counsel, hard work, experience and commitment are the inspiration and behavior model we offer our clients so that they can realize their entrepreneurial dreams and achieve economic success. Our mission is to be a home to entrepreneurs. We provide a support system for our clients so they can successfully grow their business through market penetration, job creation, and capital accumulation. Via its capacity-building services of business training, consulting, incubation and access to capital, WESST has delivered services to over 37,650 New Mexicans, which in turn have created 4,855 new jobs and facilitated the start of 2,530 businesses since its founding in 1989.
609 Broadway Blvd. NE