Business Financing Program now Closed The Small Business Recovery Loan Fund closed on December 31, 2022. Eligibility New Mexico for-profit and nonprofit businesses are eligible if they: Had an annual net revenue of less than $5,000,000 in tax year 2019 or 2020
Projects
Child Care Facility Revolving Loan Fund
Low-interest loans to renovate and improve childcare facilities
State Small Business Credit Initiative (SSBCI)
Access to low-cost capital for New Mexico businesses
Venture Capital Program
Access to capital for New Mexico businesses
Opportunity Enterprise – Commercial Development
Low-interest loans for commercial development
New Markets Tax Credit Program
Provides access to capital for businesses in New Mexico
Behavioral Health Capital Fund
Low-interest loans for both capital needs and working capital to clinics to improve access to healthcare
Primary Care Capital Fund
Low-interest loans for both capital needs and working capital to clinics to improve access to healthcare
Smart Money Business Loan Participation Program
Business Financing Smart Money Business Loan Participation Program Eligibility Applicants: Business and nonprofit organizations Projects: Working capital, equipment, and building projects Terms: Loans of up to 25 years at low, fixed interest rates
Opportunity Enterprise – Housing Development Program
Low-interest loans for workforce housing development or infrastructure for affordable housing
Charter School Programs
Refinancing of existing LPAs, plus facility expansion and renovation
Local Solar Access Fund
Public Financing Local Solar Access Fund Eligibility The following New Mexico entities are eligible to apply for a Project Grant or a Technical Assistance Grant County Municipality School District Land Grant-Merced Indian Nation, Tribe or Pueblo
Local Government Planning Fund
Grants for planning documents, including preliminary engineering reports, water conservation and long-term water plans, energy efficiency, affordable housing, and more
Colonias Infrastructure Fund
Financing for Colonias communities for infrastructure needs such as water and wastewater, solid waste disposal, flood and drainage control, roads and housing
Drinking Water State Revolving Loan Fund
Low-cost financing for the construction of and improvements to drinking water facilities to protect drinking water quality and public health
Public Project Revolving Fund
Low-interest loans and no fees for infrastructure, fire and safety equipment, public buildings, roads, water systems, schools, hospitals, and more
Energy Efficiency Revolving Loan Fund
Low-interest loans to businesses for energy efficiency upgrades
Water Project Fund
Grants and low-interest loans for water storage, conveyance and delivery, flood prevention, conservation and treatment, recycling and reuse, and watershed restoration and management