FUNDIT was created to assist communities in accessing financing from a group of agencies simultaneously. This collaboration saves time and duplication, improves the effectiveness of project review and support, and ensures strategic investments with public resources.
Agencies represented in FUNDIT:
Eligible projects include:
In order to bring a project before FUNDIT you should be prepared to provide a description of the project; the project should be listed as a priority on the local Infrastructure Capital Improvement Plan (ICIP), Economic Development Plan, and/or Comprehensive Master Plan; you will need to know the total capital investment (equity and debt), jobs that will be created or retained by the project, and you will need to provide a financial pro forma and the project timeline.
FUNDIT is expanding to be able to assist small businesses connect with financing opportunities. The new arm of the program will work to connect business owners and aspiring entrepreneurs to lenders and business resources. The group will host a series of FUNDIT-Small Business Finance Fairs across the state where the public will be able to meet face to face with numerous local lenders as well as business resource providers to discuss their projects or ask questions about financing.
Upcoming Small Business Finance Fair-
July 17, Taos, 11-3, at the El Monte Sagrado Living Resort and Spa. The event is free, but registration is required.
If you are interested in attending as a guest or would like to have a table at the event, please register here. If you have trouble accessing the online registration form, please email or contact Johanna.Nelson@state.nm.us or 505-827-0264.
FUNDIT-Small Business Finance Finder
Small businesses or aspiring entrepreneurs are able to submit their finance needs and projects to be reviewed by our email list of lenders and small business resources. Lenders or other business resources will follow up.
Submit your business project to the FUNDIT Small Business Finance Finder here.
Lenders and small business resource providers, to sign up to our email list to receive financing inquiries, you can sign-up here.