NEW MEXICO ECONOMIC DEVELOPMENT DEPARTMENT
In order to support business growth in New Mexico and to create and retain jobs, NM EDD encourages banks and other financial institutions to make loans to small businesses in “under-served” markets. NM EDD can pledge cash to cover a collateral shortfall of a loan in order to enable financing that otherwise might not be available to a small business.
Eligible borrowers must meet these criteria:
Loan proceeds can be used toward the following:
PROGRAM DOCUMENTS: CAP Guide CAP Overview CAP Timeline
To learn more, please contact 505.827.0264 or email Johanna.email@example.com.
Following is a list of actively enrolled lending institutions in the Collateral Assistance Program. The Program is not limited to these institutions, NMEDD is actively enrolling lenders and will update this list as more lenders are enrolled.
To enroll in the program as a lender, please fill out and submit the following documents to Johanna.Nelson@state.nm.us or call: 505.469.6204
On a per project basis the following application will need to be filled out between lender and borrower and submitted. Please note: applications must be submitted by the lender.
New Mexico EconomicDevelopment DepartmentJoseph M. Montoya Building1100 S. St. Francis DriveSanta Fe, NM 87505-4147
Mailing Address:New Mexico EconomicDevelopment DepartmentP.O. Box 20003Santa Fe, NM 87504-5003
Main number: (505) 827-0300 (se habla español)Fax: (505) 827-0328
The mission of the New Mexico Economic Development Department is to Improve the lives of New Mexico families by increasing economic opportunities and providing a place for businesses to thrive.
New Mexico Economic Development Department. All Rights Reserved.