The Small Business Recovery Act of 2020 allocates $400 million in funds from the New Mexico State Severance Tax Fund to provide loans to New Mexico businesses and nonprofits that have experienced financial hardship due to the public health order resulting from the COVID-19 pandemic.
2. Economic Injury Disaster Loan (EIDL)
3. Deferment of current SBA loans
Have questions or need help applying to these SBA programs? The SBDC can help you navigate these programs, find lenders, and apply. Access information and locate service providers HERE. Additionally, the SBDC is hosting daily trainings on these programs HERE.
The NM Small Business Investment Council has identified several partners offering loan programs.
If you are a larger organization which employs more than 40 employees, you may be eligible for the New Mexico Recovery Fund.