Business digest — Feb. 14

Loan committee holding meeting The Main Street Revolving Loan Committee, part of the state’s historic preservation division, will hold a special meeting 2 p.m. Thursday in the conference room of its office, located in Suite 236 of the Bataan Memorial Building in Santa Fe. The committee wil discuss loan applications from The Smithson Block in […]

Tax board to discuss loan for manufacturing facility

CNJ staff The construction of a manufacturing facility in Clovis could bring more than 300 jobs to the area if project funding is approved, according to the city of Clovis officials. In a meeting scheduled for 7 a.m. today, Clovis Industrial Development Corp. Executive Director Chase Gentry will ask the city’s Economic Development Tax Advisory […]

White House should release loan documents

The House Energy and Commerce Committee has subpoenaed White House communications concerning the half-billion-dollar federal loan guarantee for failed California solar company Solyndra, which also is under criminal investigation and has ties to a major campaign donor to President Barack Obama. We have yet to hear a good reason for the White House’s reluctance to […]

Letter to the editor: Referendums give citizens voice

In an Oct. 25 CNJ article on the city charter commission, the CNJ quoted Commissioner Fred Van Soelen as saying that negative referendums cost the taxpayers too much money so it should be harder to have one. However, that is just plain wrong. If you will remember, the referendum this past summer, initiated by the […]

Opinion: Stop throwing away money on green jobs

Freedom New Mexico A California state agency will suspend giving sales-tax exemptions to renewable energy manufacturers in the wake of the scandalous bankruptcy of Solyndra, the Fremont-based maker of solar panels that received a $535 million federal loan guarantee before closing its doors in September. Meanwhile, the federal government last week approved another $1 billion […]

Everybody’s business: Banker talks business loans

A great management tool for business owners is to have current and relevant information in order to make good business decisions. The decisions to expand, hire additional employees, or to introduce a new product or service requires planning and usually capital infusion. This holds true for starting a new business as well. An interview about […]

Federal program aimed at helping homeowners with mortgage payments

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Alisa Boswell: Freedom New Mexico Eastern Plains Housing Development Corporation Executive Director Monica Gutierrez and associates, from left, Chandra Hall, April Uribe and Anna Avila, go over dates for housing plans Friday. Gutierrez said the corporation is in full support of a new federal homeowners loan program, which helps pay mortgages for struggling homeowners. Alisa […]

Commissaries to be consolidated

In these tight budget times, the Senate Veterans Affairs Committee has learned it must cut current spending to fund new initiatives for veterans. For example, Sen. Patty Murray, D-Wash., committee chairman, would pay for her Hiring Heroes Act of 2011 by extending by three years, to 2014, a higher fee on veterans who reuse their […]

Our viewpoint: Student loan default rates at record highs

High school graduates have long been told, “A college education is always a good investment.” Student loan debt? No problem. It’s more than offset by the increased earning potential and better job prospects from a college degree. But, with the cost of tuition rising as fast as the youth unemployment rate, many recent graduates are […]

Veterans may receive refunds from Wells Fargo loans

Nearly 60,000 service members and veterans who refinanced their Veterans Affairs Department mortgage loans through Wells Fargo, Wachovia and SouthTrust will receive refunds as the result of a $10 million settlement in a class-action lawsuit, a Wells Fargo official said. Wells Fargo spokeswoman Vickee Adams said there was no way of knowing how many veterans […]

Commission approves loan commitment letter

Sharna Johnson Clovis’ city commission approved a $1.4 million loan commitment letter to develop Hotel Clovis into a residential property, but not without concerns. The approved letter shows the city is committed to extending a loan to Tierra Realty Trust LLC for development of the downtown building. Approved 6-2, commissioners Juan Garza and Randy Crowder […]

Farmers’ Electric receives $28.1 million USDA loan

The Associated Press CLOVIS — Farmers’ Electric Cooperative of Clovis is receiving a $28.1 million loan to upgrade its electric delivery system for seven counties in eastern New Mexico and three in Texas. The cooperative will use the money to expand service to current customers and extend service to new customers. It also will replace […]

Opinions mixed on new student loan law

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CNJ staff photo: Tony Bullocks Nicole Johnson of Clovis, a student at Clovis Community College, plans on going into the nursing program and will be using student aid and financial assistance to help her through school. By Clarence Plank: Freedom New Mexico A new law was signed Tuesday gives students a break with more money […]

Commission approves loan for wastewater pretreatment plant

By Sharna Johnson: CNJ staff writer The city commission approved a $728,661 loan Thursday as an advance on cash Southwest Cheese is expecting from the state to complete a wastewater pretreatment facility. Clovis Industrial Development Corp. Executive Director Chase Gentry told commissioners the plant was previously granted more than $800,000 through state appropriations. But in […]

Five C’s of credit help determine loans

By Sandra Taylor-Sawyer: Guest columnist What does it take to obtain a business loan? This is an important question for today. According to local lenders, important elements they consider are the five C’s of Credit: Character, capacity, capital, collateral, and conditions. Other C’s that can be used to evaluate a loan are customer relationship, competition, […]

Administration acts according to own agenda

Freedom New Mexico Apparently a perverse understanding of the meaning of the season got to President Bush as Uncle Santa announced a $13.4 billion loan (and another $4 billion likely early next year) to U.S. automakers General Motors and Chrysler. Even as most Americans are cutting back on the amount of Christmas shopping they’re putting […]

Personal financial statement routine procedure

By Sandra Taylor Sawyer: Guest columnist For the small business owner who is seeking financing it sometimes seems to come as a shock when a lender requests a copy of a personal financial statement and signing a release for a credit check. Most small businesses operate as sole proprietorships or partnerships and as such the […]

Community makes man’s dream possible

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CNJ staff photo: Tony Bullocks Peter Taylor, left, of Clovis and his case manager Jason Jouett listen Thursday as ENMRSH team members go over issues concerning the home that he will be moving into next month. By Keely McDowell: CNJ staff writer Peter Taylor had to overcome more obstacles than most to own a home. […]

VA loan ceilings may be on rise

By Tom Philpott: CNJ columnist With thousands of service members and veterans having lost homes or facing foreclosure as the mortgage crisis continues, lawmakers are pushing legislation to raise VA loan ceilings, lower VA funding fees and expand the VA’s ability to help veterans refinance loans they can’t afford. The Department of Veterans Affairs, meanwhile, […]

Loan concerns authority member

By Karl Terry: Freedom New Mexico Money has been tight and it’s going to be tighter in the short term for the Eastern New Mexico Rural Water Authority. At its monthly meeting Wednesday in Portales, the authority voted to rescind acceptance of two grant-loan agreements with New Mexico’s Water Trust Board, totaling $3.52 million. The […]