ALBUQUERQUE SOUTH VALLEY SMALL BUSINESS DEVELOPMENT CENTER
“Building New Mexico’s Economy One Business At A Time”
Whether you already own a small business or are thinking about becoming an entrepreneur, the Small Business Development Center in Albuquerque's South Valley can help you climb the ladder of success. The SBDC offers FREE management consulting, training courses, and government procurement assistance for central New Mexico businesses.
A Good Business Plan Is Like A Road Map, You Need One To Negotiate The Twists And Turns On The Route To Success
CLIENT OF THE YEAR Bahama Buck’s !
Margaret Onuska, Owner of Bahama Buck's
Margaret has been working with the Albuquerque South valley-SBDC since March of 2011. She is a nurse and wanted to start a “fun” business, a “Bahama Buck’s” franchise. She had the Hawaiian shaved ice product in AZ and fell in love with it. She knew after trying it, that was what she wanted. She initially came to see us for assistance with opening the franchise but we told her she should probably work on a business plan that was not a Bahama Buck’s plan but one from the standpoint of the owner. She attended all of our classes and worked diligently on her business plan. During this time, Margaret was busy finding a good location that had a drive-thru already built in and finally found one on Paseo del Norte. It had great traffic, decent visibility and lots of schools nearby.
She knew she was going to need a loan to get this all started and we started working on getting her ready for the SBA process to get the loan. From there, we took the loan package to Western Commerce and she was approved, after much back and forth. She then went to work on getting the build out right for Bahama Buck’s specification and attending the franchisee training. She had to jump thru several hoops for the city, zoning, inspections etc. She opened in September of 2012.
Quote from Margaret: “if I hadn't walked thru the doors of the SBDC, my business wouldn't be here because I had been told by other counselors ‘no way’ as I would never qualify for a loan. First things Trish said after looking at my information said ‘this is doable’ and started pointing me in the right direction, helping me with my business plan and everything, which is why I have my business is because of SBDC.”
Margaret has been in business 2 full years now and her store is doing very well. She has increased sales by a little more than 10% from yr. 1. She still has 6 of her original employees and 2 have gone thru Bahama Buck’s management training. She has been working with some of the other new franchisees that are coming to Albuquerque to help them start out on the right foot. She is also considering getting into another type of franchise due to her experience with Bahama Buck’s. Visit her at 8810 Holly Ave NE Ste. A, Albuquerque, NM 87122 505-273-5231.
The Albuquerque South Valley SBDC helps entrepreneurs start new businesses and grow their existing ones.
We provide FREE:
• One-on-one business counseling
• Technical training
• Computer training
• Access to information(library,computer,database)
• New Business Orientation
• Workshops and seminars
The Albuquerque South Valley SBDC offers special assistance to:
• Woman and Minority-Owned Businesses
• Young Entrepreneurs
• Spanish Speaking Clients
We offer additional expertise in the areas of:
• International trade (importing/exporting)
The Albuquerque South Valley SBDC links federal, state and local resources in a network of services to help you reach every milestone along the route to success:
• Writing a business plan
• Designing a marketing plan
• Assembling a loan packages or financing plan
• Setting up a bookkeeping system
• Using a computer for business applications
• Analyzing financial statements
• Doing business with the government
• Entering global markets
• Solving technical problems
Local Business Partners
Albuquerque Hispano Chamber of Commerce
American Indian Chamber of Commerce
Native American Business Enterprise Center
Help-New Mexico, Inc.
The Loan Fund
Rio Grande Community Development Corporation (505)452-8525
South Valley Economic Development Center
UNM Law Clinic (505) 277-5265
WESST Enterprise Centers (505) 246-6900
Veterans Procurement Assistance Center (505)338-4155
Enlace Comunitario (505) 246-8972
For more information or to sign up for a new business orientation session, please call (505) 248-0132.
Albuquerque South Valley-SBDCPromote Your Page Too
Patricia(Trish) Abbin, Interim Director
Liliana Ramirez, Technical Support
Richard Asenap, Procurement Advisor (PTAP)(505)224-5258
located at the Albuquerque Hispano Chamber of Commerce Building
Albuquerque South Valley Small Business Development Center
1309 4th Street Suite A SW
Albuquerque, NM 87102
(505) 224-5968 fax
Hours: 8:00am-5:00pm, M-F