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This page provides a simple browsing interface for finding entities described by a property and a named value. Other available search interfaces include the page property search, and the ask query builder.
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- Collateral Support Program (New Mexico) + (The New Mexico Finance Authority has been … The New Mexico Finance Authority has been approved to administer a $13.2 million Small Business Collateral Support Participation Program. The funds are dedicated to help finance credit worthy small businesses leverage private lending when they are unable to obtain the capital required to expand and create jobs. Through the Collateral Support Participation program, the Finance Authority is able to partner directly with banks to provide capital to credit worthy businesses seeking to expand and create or retain jobs. Under this bank participation program, the Finance Authority is able to fund quickly and efficiently lower the interest rate paid by the business and mitigate the bank’s risk by purchasing a portion of the bank’s loan, often in a subordinated collateral position. The amount of the Finance Authority’s participation will vary based upon the location of the business, the term of the loan and the collateral position offered to the Finance Authority. In order to qualify for Collateral Support Participation program funds, a small business must: - Be located in New Mexico - Use the loan proceeds for business purposes - Be a non-profit corporation or a for-profit corporation, partnership, limited liability company or partnership, sole proprietorship, cooperative or other entity that is authorized to conduct business in the State of New Mexico - Have 500 or fewer employees - Meet the bank’s lending requirements with the exception of the deficient collateral, which is enhanced through the programral, which is enhanced through the program)