Small Business Loans (New Mexico)

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Last modified on February 12, 2015.

EZFeed Policy

Place New Mexico


   
Applies to States or Provinces New Mexico
Name Small Business Loans (New Mexico)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province




























Primary Website http://www.loanfund.org/Small_Business_Loans_Albuquerque.aspx



Last Review 2014-09-15



Summary

The Loan Fund, a non-profit organization, offers loans for small businesses and start-ups, and for business lines of credit. The loan can be used to finance equipment, inventory, building renovations, operating capital, and business expansions. Each loan application is reviewed on a case-by-case basis, but typical loan rates and terms are: 8-10% interest rates; amounts from $5000 - $500,000; terms from 1-10 years, and 15-20 year amortizations for real estate-based loans.



Policy Contact

Contact Name Norma Valdez
Department The Loan Fund





Phone 866-873-6746

Fax 505-243-8803
Email norma@loanfund.org

Contact Name Cathy Sorenson
Department The Loan Fund








Email cathy@loanfund.org

Contact Name Joe Justice
Department The Loan Fund








Email joe@loanfund.org



















References