State Small Business Credit Initiative Assists Las Cruces Company
The State Small Business Credit Initiative (SSBCI) recently assisted Las Cruces Company Near, LLC with Building funds. Near, who was created by the Rio Grande Medical Group (RGMG), used the Collateral Support Program to construct a three-story, 30,840 square foot, non-specialized medical building to house RGMG’s main office, a laboratory, and pharmaceutical dispensary.
As a result RGMG’s family care provider has been able to increase the number of patients that RGMG can care for and will also be able to treat the overflow from their pediatrics side in this new facility. RGMG currently leases several office spaces throughout Las Cruces and Deming and employs doctors, physician assistants, nurses, and administrative staff totaling 127.
The Collateral Support Participation Program is was developed to provide funding by the US Department of Treasury under the State Small Business Credit Initiative (SSBCI), authorized under the Small Business Jobs Act of 2010. To find out more about the Collateral Support program, click here.
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