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Guidelines for Applicants
The following is an outline of the steps that must be taken in applying for admission to the Santa Fe Business Incubator (SFBI). Also listed are the minimum requirements that you must meet in order to qualify for the program, as well as the criteria by which your application will be evaluated. Please feel free to contact Marie Longserre, SFBI President, or Sheila Stalder, Program Manager, at 424-1140 to ask any questions about this process or to arrange for special assistance in creating your business plan or submitting your application. We do not expect every business to be 'perfect' or none would need the services of the Incubator.
STEPS FOR CLIENT SELECTION:
- Complete the application and submit it by US Mail or deliver it in person to: The Santa Fe Business Incubator 3900 Paseo del Sol, Santa Fe, NM 87507 (corner of Paseo del Sol and Airport Road).
- The President of SFBI will review your application to determine if it satisfies the minimum qualifications. You will then be notified if your business is eligible for consideration.
- If you are eligible, you must submit six (6) copies of each of the following materials:
- Your completed and signed application
- Current business plan
- Current financial statement
- Personal credit report (or a small fee to cover SFBI cost)
- Three (3) references
Note: The selection committee may request additional information to establish or verify that the minimum qualifications are satisfied.
- The SFBI Selection Committee will review your application and the related information and will evaluate the business according to the evaluation criteria listed below.
- Should the committee decide not to consider the application further, you will be notified of their decision.
- Should the committee decide to consider the application, an interview will be arranged with the business owner(s). The selection committee will make its final recommendation to the SFBI Board of Directors.
- The President of SFBI will notify you of the decision.
- If you are accepted, you will meet with the SFBI President or Program Manager to review and sign your lease. Please note: this process may require between 45 to 60 days to complete.
MINIMUM QUALIFICATIONS FOR CLIENTS
- The business must be a full-time operation once it moves into the Incubator.
- Prior to occupancy, applicants and businesses must comply, or agree to comply, with all applicable local, state, and federal regulations and ordinances, including applicable environmental laws.
EVALUATION CRITERIA
Applicants will be evaluated on the following key criteria:
- Potential for growth and job creation
- A need for the services of the Incubator and a willingness to accept assistance when it is indicated
- Local economic diversification
- The viability of the business and potential for success
- The marketing opportunity and approach
- The management team
- Resources available to the business
- Technologies appropriate to the business
- The compatibility of the business to the Incubator program and facility
Download Application:
The SFBI Application for Admission is a Microsoft Word Document. You may download the file by clicking below:
Download SFBI Application |
