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Doris Sandoval works in an industry hard hit by the recession and lagging recovery, yet by following a strategic plan of borrowing through lines of credit, the owner of SSC Construction has kept her business going strong.
SSC Construction is based in San Felipe Pueblo in northern New Mexico near Algodones. The woman — and Native-owned company builds houses on tribal lands all over New Mexico and employs seven members of Sandoval’s family and numerous subcontractors.
While most contractors struggled to find work and financing as home construction slowed and home prices dropped, SSC Construction received five lines of credit from The Loan Fund to underwrite various building projects in Native communities.
The Loan Fund helps companies that can’t find funding through traditional sources such as banks. It looks for businesses that promote social change and build communities, and what the Loan Fund saw in SSC Construction is what it looks for in other businesses that approach it for funding.
SSC’s history of contract completion and top-notch workmanship weighed heavily in its favor, according to Norma Valdez, one of the fund’s community development officers. T
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