The Collateral Support Loan Participation Program:

The loan proceeds can be used for start-up costs, working capital, business & commercial real estate acquisitions, franchise financing, equipment loans, inventory financing, and construction

  • NMFA Partners directly with banks to provide capital to creditworthy businesses
  • Helps to efficiently lower the interest rate paid by the business
  • Helps mitigate the bank’s risk by purchasing a portion of the bank’s loan
  • No program fees to the borrower
  • Ability for subordinated collateral position

For information:  John Brooks, Director, Commercial Lending, (505) 992-9638, or

US Small Business Administration (SBA)

The New Mexico SBA office offers opportunities for all prospective entrepreneurs to start, build, and grow their own businesses.   The SBA provides technical assistance, loans, procurement opportunities and other assistance to entrepreneurs and existing businesses alike.  The SBA provides the following loan guarantee programs:

  • 7(a) SBA Express loans up to $350,000 (which may be used as a line of credit)

This loan provides businesses with an 85% guarantee on loans up to $150,000 and a 75% guarantee on loans of $150,000 to $1.5 million. The loan will finance working capital, equipment, machinery, fixtures and real estate.

  • 7(a) Community Express loans up to $250,000
  • 7(a) Patriot Express loans up to $500,000
  • 7(a) CAP Lines up to $2 million
  • 7(a) International Trade loans up to $2 million
  • 7(a) Export Working Capital up to $2 million

Microloans through nonprofit lending organizations listed in this publication

  • SBA 504 
    This loan provides expanding small businesses with 90% financing to purchase real estate; make lease improvements; buy and install machinery, equipment and fixtures; and pay soft costs associated with the project.
  • SBA Export Working Capital Funds 
    This loan assists lenders responding to the needs of exporters seeking short-term working capital can be used to finance labor and materials for exporting, and purchasing or servicing manufacturing goods for export.
  • USDA Business and Industry Loan 
    The purpose of this loan program is to improve the economic and environmental climate in rural communities. Businesses financed with these funds must be located in rural areas with populations less than 50,000. However, priority is given to businesses located in communities with populations under 25,000. This program will guarantee up to 80% of loans up to $5 million. The loan will finance businesses with working capital, machinery, equipment, fixtures and real estate. The USDA administers the program and provides certified lenders to package and process the loans.

For more information: Contact: New Mexico District Office, Albuquerque: 505.248.8225

  • Micro-lenders
  • ACCION is an award-winning nonprofit organization dedicated to providing the tools you need to operate, grow or start your business. They increase access to business credit, make loans and provide training to help entrepreneurs realize their dreams and to help businesses thrive. Accion empowers people to be catalysts for positive change - one small business at a time.
  • WESST is a statewide small business development and training organization committed to growing New Mexico's economy by cultivating entrepreneurship. Founded in 1988 as a 501(c)3 nonprofit WESST has nurtured the entrepreneurial dreams of thousands of New Mexicans by providing training, technical assistance, and access to capital.
  • U.S. Small Business Administration has delivered millions of loans, loan guarantees, contracts, counseling sessions and other forms of assistance to small businesses.
  • Public Private Finance Programs
  • Industrial Revenue Bonds:
    • Industrial Revenue Bonds ("IRB’s") are a complex tax abatement vehicle.  It is a loan from a bond purchaser to a company where the loan proceeds and repayment flow through a government issuer.  NM communities are familiar with this process to entice prospective employers to their area without having to assume financial liability.
    • The applicant, who is also the developer and employer ("company"), submits a request to the local governing body asking that it issue IRB’s on behalf of the company in order for the company to finance the acquisition and development of its project.
    • “Projects” include land, buildings, furniture, fixtures, and equipment. Equipment only IRBs are also allowable.  Working capital is not eligible.  Suitable purposes include facilities for manufacturing, assembly of manufactured products, warehouse/distribution, services, 501-c-3 entities, healthcare services, research facilities, industrial parks, and office headquarters. Counties can include retail.

Business Finance Education  

  • Sandoval County Economic Alliance (SEA) provides a broad range of free and confidential services to businesses and industries considering new locations for expansion, relocation, or consolidation. Corporation services include identifying available sites and facilities, accessing applicable local and statewide business support and incentive programs, and economic and workforce research. The SEA also assists existing Sandoval County and Rio Rancho companies through our Retention and Expansion program.
  • New Mexico’s Small Business Development Centers provide small business assistance with planning, marketing, financing, small business start-up, entrepreneur training, and other specialized areas to help grow and strengthen businesses in New Mexico.