Business Services

Our services are customized to specific needs, with flexible and responsive support programs for businesses that share our vision of what Nogales is and can be.

Small Business Loans

If you are a hard-working entrepreneur and have a sound business plan, we provide access to credit, technical assistance and small business loans ranging from $10,000 to $125,000 at affordable interest rates. Our goal is to strengthen our community’s economic base by creating more jobs and helping more individuals and families realize self-sufficiency through business activity.

NCD is a Community Development Financial Institution (CDFI) certified by the US Department of Treasury.

Since 2007, NCD has made micro and small business loans in Nogales and Santa Cruz County totaling $1.3 million.

Loan Products

  • Micro-Loans ($9,500 to $50,000)

  • Small Business Loans ($50,000 to $150,000)

  • Current Interest Rates ranging from 6 to 8.5%

Eligible Uses of Funds

  • Working capital

  • Equipment

  • Property

  • Start-up

  • Expansion (flexible)

    • Loans must be collateralized

    • Goal is job creation & retention

Documents you need for enrollment in program:

  • Application and loan generation fees are assessed

  • Picture ID (driver’s license)

  • Social Security card

  • Proof of residence (utility bill, etc.)

  • Business plan, including financial projections for five years

  • Tax returns for past three years (personal & business)

  • Proof of collateral

  • NCD business loan application

  • Proof of income (last two months of pay stubs)

  • Last two months of checking and saving account statements

Contact us.

 

For further information, please contact Nogales Community Development.

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Maria Elena Mandel: Owner of Maria Elena's Creations

Maria Elena Mandel sews and sells simple, attractive handbags at the Nogales Mercado under the business name Maria Elena’s Creations. Sewing came late and unexpectedly to Maria Elena, following her son’s diagnosis in January, 2011, of a rare non-cancerous but chronic blood disorder related to leukemia. Caring for her son left her with little time to work outside of the home, and that’s when she started sewing. To get her business off the ground, she signed up for training at NCD’s Business Resource Center on “How to Sell at a Farmer’s Market.” Then she received an Individual Development Account that funded her canopy and table at the Nogales Mercado. Today, Maria Elena is a member of the Nogales Mercado Advisory Committee.