Small Business Loans (New Mexico)

From Open Energy Information

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

Last Review 2014-09-15


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
Contact Name Cathy Sorenson
Department The Loan Fund

Contact Name Joe Justice
Department The Loan Fund