Menu Call Email
Welcome to the Loan Fund
  • Home
  • What's New
  • FAQs
  • Donate Now
  • Contact Us
  • Newsletter
  • About The Loan Fund
    • Mission
    • History
    • Board of Directors
    • Staff
    • Financials & Impact Reports
    • Client Testimonials
    • Our Supporters & Partners
  • Business Loans
    • Our Lending Philosophy
    • Lending Guidelines
    • Small Business Loans
    • Microloans
      • SBA Microloans
    • SBA 504 Loans
    • Nonprofit Loans
    • CreativeFund
    • Apply for a Loan - Small Business
      • How to Apply for a Loan
      • Small Business Loan Application
    • Apply for a Loan - Nonprofit
      • Nonprofit Loan Application
      • Facility Purchase Loan
    • Make a Referral
  • Business Consulting
    • Business Consulting
    • Small Business Resources
  • Our Clients
    • Success Stories
    • Client Photos
  • Support
    • Donate Now
    • Invest Creatively in New Mexico
    • Invest
    • Volunteer
  • ¿Habla Español?
Show Sub Navigation
  • Success Stories
  • Client Photos

   Support Dreams,                Create Jobs &               Build Communities                        

We are pleased to use PayPal® to  ensure  the security  of your  donation.

El Dorado Bakery

12/17/2020

El Dorado Bakery

El Dorado Bakery

2125 Broadway Blvd SE Albuquerque, NM 87102 (505) 247-2979

 

"GOOD!  GOOD! and more GOOD!" exults an online review from a satisfied customer of Albuquerque's El Dorado Bakery. "This little gem of a bakery is probably one of the finest things in Albuquerque's South East 'San  Jose' neighborhood .. . .  People are lined up out the door on a Saturday and Sunday morning."

Many of those early birds are Mexican immigrants and neighborhood  residents who hunger for the traditional Mexican  breads and pastries that make El Dorado unlike any other bakery anywhere near the intersection of Broadway  and Gibson Boulevards  Southeast. The bakery also serves breakfast and lunch all week and features menudo on weekends.

Owner Ruben Dorado named the bakery after himself in a clever departure from the usual New Mexico translation  of the name for the mythical Cities of Gold. Two of his brothers do the baking, and his sister operates the cash register. It 's a tradition they brought to the United States from Chihuahua, Mexico, where their father owned a bakery.

Dorado got his first loan from The Loan Fund in 2004 to open a mobile food cart. A larger loan two years later allowed him to launch the bakery. In 2012, Dorado opened another business-ElDorado Taqueria

on the corner of Avenida Cesar Chavez and Broadway Boulevard. "They speak Spanish, and they gave me all the information  in Spanish," he said of securing the loans.

While many Loan Fund clients are referred by banks and other traditional  lenders, Dorado followed the path many immigrants take-he went directly to an alternative  lender he knew would understand him, said Norma Valdez, the loan officer who worked with the entrepreneur  on both his loans, tailoring financing  to his specific needs and resources in Dorado's native language.

"For immigrants in general, the banking industry in their countries  isn 't (a resource for) low-income people," she said . "If you know business, you can express yourself with confidence in your native language. You don 't feel inadequate."

 

 

 

back to list

  The Loan Fund provides:

 
√  Loans to small businesses, startup businesses, and nonprofits 
 

√  Business consulting services and capacity building technical assistance

 

    Please don't hesitate to contact us

        By phone: 505-243-3196

        Toll-free: 866-873-6746

        Visit us: 423 Iron Ave SW                                  Albuquerque, NM

    Business Loans:

    Our Lending Philosophy
    Microloans
    Small Business Loans
    Nonprofit Loans
     

    Get Involved:

    Donate Now
    Volunteer
    Invest with the Loan Fund
    Our Supporters & Partners

    News & Information:

    In The News

    Financials and Impact Reports

    Like Us On Facebook

    Subscribe to The Loan Fund Monthly Newsletter

     

    Frequent Q&A's:

    Small Business Loans
    Nonprofit Loans
    Business Consulting
    Giving to the Loan Fund

    Powered by Real Time Solutions - Website Design & Document Management
    Loading...