It also provides training in financing, marketing and management to its clients. Money is available through ACCI N at interest rates ranging from 11 to 14 percent. Because of the expensive outreach and support program ACCI N provides, Yatskowitz said the interest on the loans covers approximately 18 percent of the cost of the loan. The remainder is made up with grants. Along with loans, ACCI N offers a training and mentorship program for business owners.
Workshops are available on legal issues, bookkeeping, marketing and time management.
I'd like to develop a better referral program through the banks. We're the largest loan fund in New Mexico that is private and nonprofit. Its mission is to provide capital and technical assistance to businesses and nonprofit organizations that benefit low-income individuals and communities. The organization makes loans to people that can't get funding from banks. It also does joint loans with banks and other lenders.