• Small Business Loans
• Capacity Building
• Loans to Non-Profits
• Home Loans

FALL 2003 CLIENT PROFILES

Since 1989 the Loan Fund has supported small businesses and community-based organizations throughout New Mexico - all of which have provided benefits to lower income people.

The Loan Fund has begun handing out certificates of recognition to our clients. The certificates for small businesses read, "The New Mexico Community Development Loan Fund is proud to recognize (name of business) as an outstanding example of entrepreneurial spirit." The certificates for our non-profit clients read, "The New Mexico Community Development Loan Fund is proud to recognize (name of nonprofit) as an outstanding contributor to New Mexico's community and economic development." Profiled are clients who have received their certificates.

Indigo Tattoo- Bayard

Indigo Tattoo, owned by James Lamoreaux, is unique. Lamoreaux is a certified derma-technician from the American Institute of Permanent Color Technology, which allows him to do cosmetic touch-ups and skin matching to burn victims and other people with skin problems. Lamoreaux, who has been a tattoo artist for over 25 years, came to Loan Fund to help start his business in 1997. Since then he has hired two full time employees and has obtained all his equipment and supplies with the loan he received from the NMCDLF.

El Rodeo Restaurant and Tortilleria- Artesia

Lourdes and Ramon Escoto, owners of El Rodeo Restaurant and Tortilleria, have been in business for over a year and they are doing wonderfully. The Escoto's, who are from Mexico, want to eventually expand their business and sell canned goods from Mexico. The Escoto's came to the Loan Fund in order to buy the restaurant, formerly called El Metate #2. Lourdes has experience in this business because she used to help her family run a "tortilleria" in Mexico. "They have the best cheese enchiladas I have ever had," said Kathleen Connors, Development Director of the NMCDLF.

Emu Ranch- Artesia

An emu is the national bird of Australia, but can be found in southern New Mexico. Mark Craddock, owner of the Emu Ranch, raises and slaughters this unique bird. Craddock started raising emu in 1994 and came to the Loan Fund in 1996 to expand his ranch. He and his wife, Teresa, both have ranching backgrounds that go back most of their lives. The bird can be used for everything from a healing lotion to meat served in a restaurant. It can also be used to make leather, jewelry and clothing.

Discount Towing- Las Cruces

Discount Towing is a family operated business owned by Eva Ancira and managed by her son Mark. Discount Towing provides affordable towing and is available to its customers 24 hours a day, seven days a week. The Ancira's came to the Loan Fund in 2000 to help them develop two full time positions and to purchase two more towing trucks. Discount Towing provides towing, mechanical needs and roadside services. Discount Towing has also expanded the business by integrating police rotation work, which allows them to work with city, county, state and federal law enforcement towing vehicles and storing them.

Doña Ana County Colonias Development Council (DACCDC)- Las Cruces

The DACCDC is a nonprofit organization, formed in 1994 to improve the quality of life in the colonias of southern New Mexico. Among other things, this is accomplished by promoting grassroots organizing, providing leadership training, developing community based self-help organizations, creating coalitions and acting as an advocate at the county, state and federal levels. The DACCDC came to the Loan Fund for assistance in the operation of a new childcare center, to renovate an existing building in Anthony, New Mexico and other funding to help organizations in southern Las Cruces.

Last modified: September 2023