Outside capital helps growth

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Blue Skies Consulting knows a lot about building a business through strategic growth funded by outside capital.
 The Belen-based aerial photography company is a client of The Loan Fund, a community development financial institution that provides loans and other banking services to underserved markets in New Mexico.
Blue Skies began its relationship with The Loan Fund in 2009 when it sought funding to buy aerial camera system components in preparation for the purchase of a digital aerial camera designed for high-resolution photography.
Two loans in 2011 made it possible for the company to buy the Microsoft Vexcel UltraCam Lp, the only photogrammetric digital mapping camera in New Mexico. The company returned to The Loan Fund in March 2012 for money to acquire the equipment, assets and personnel of New Mexico Aerial Surveys.
Blue Skies uses two turbo-charged Cessnas to collect imagery that its clients can use for mapping and surveying. Clients include the U.S. Department of Agriculture’s Farm Service Agency’s Aerial Photography Field Office, the New Mexico Department of Transportation and numerous private engineering firms. Blue Skies is the state’s leading provider of digital photogrammetric and remote sensing data, according to chief executive officer Tami Wiggins.

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