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Latest from Governor Michelle Lujan Grisham regarding COVID-19:
NewMexico.gov
Workforce Issues for Businesses:
Department of Workforce Solutions
New Mexico Health Dept: 
https://cv.nmhealth.org
Food Security Issues or Questions: nm.eoc@state.nm.us
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If you have a special program or resource to assist businesses affected by COVID-19, please send the information to Johanna.nelson@state.nm.us.

Coronavirus New Mexico Business Resources | COVID-19

My business has been negatively affected by COVID-19.  What do I do now?

Federal Assistance: Small Business Administration (SBA)        

Paycheck Protection Program (PPP)

An SBA loan that helps businesses keep their workforce employed during the COVID-19 crisis. The program has resumed January 11, 2021.  Read the press release.

More on the Paycheck Protection Program from the SBA.  PPP Update from the SBA, January 14

View the EDD webinar on PPP, recorded January 15.

Economic Injury Disaster Loan (EIDL)                                          

This loan provides economic relief to small businesses and nonprofit organizations that are currently experiencing a temporary loss of revenue.  

  • EIDL Advance is no longer available.
  • More information about EIDL 
  • Apply directly to the SBA HERE

Deferment of current SBA loans

  • The SBA will also pay the principal and interest of new and current 7(a) loans issued prior to September 27, 2020.

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.

Additionally, the SBA offer s a wide variety of programs to help your business achieve its goals.  Begin here.

  • Apply with a participating SBA 7a lender. See if your current lender is participating in this program.  
  • Download the complete SBA Resource Guide     

State Assistance

Small Business CARES Relief Grants

This program has closed.  For more information please go to the New Mexico Finance Authority.

Small Business Recovery Loan Fund

This program has closed.  For more information please go to the New Mexico Finance Authority.

Other State Programs

  • 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.

Grant Opportunities

Visit EDD's Business Resource Center for more assistance.

 

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