WESST Small Business Loans Include A Bonus: Support to Help You Succeed
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. WESST helps to fill this gap by providing small business loans for women and other entrepreneurs who encounter difficulty in obtaining financing. 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:
- WESST is one of only two select micro-lenders in New Mexico that can provide an SBA small business loan.
- Unlike other micro-lenders in the state, our loan program focuses on providing critical business consulting, training, technical assistance and other support services to our loan recipients, in order to maximize their chances of success.
- Our small business loan rates and fees are extremely competitive, and often the lowest available.
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.
For more information on small business financing including basics on loans, small business banking and other financial management topics, see our Business Toolkit section. You’ll find free, informative articles on these topics, as well as helpful downloads such as a free business plan template. Also review our Training section which describes our course offerings and a calendar of classes offered at each WESST regional office.