How Do I Get A Loan ?
All borrowers are required to meet with the District’s RLF Loan Officer to determine of you meet all of the minimum qualifications. It is also important to contact a participating bank, because both of the District’s loan funds require matching funds from a conventional l ender. Because each of the District’s loan funds has slightly different requirements, please consider the following list in light of each funds rules:
| EDA RLF | TCR RLF | |
| Geographic Territory | Colfax, Mora, Rio Arriba, San Miguel & Taos counties, & Santa Fe county outside of the City | Colfax, Mora, Rio Arriba, San Miguel & Taos counties, & Santa Fe county outside of the City |
| Permanent Job Creation | One permanent job created for each $25,000 of RLF funds. | |
| Business Plan | Business plan demonstrates market and financial feasibility. | |
| Loan Purpose | A clear statement of the amount to be borrowed and its uses. | |
| Bank Participation | $2 from a participating bank for each $1 of RLF funds | $1 from a participating bank for each $1 of RLF funds |
| Equity Injection | Equity injection of at least 10% by the owner or the business. |
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| Repayment | Ability to repay the loan in a timely manner. |
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| Collateral | Adequate collateral for both the bank and RLF loans. |
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| Need for RLF Funds | Demonstration that the deal cannot proceed without the RLF funds. |
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For more information, download
our Loan Application (305 KB) and contact
Fred Brueggeman at 
or (505) 827-7313
North Central NM Economic Development District, District 2
P.O. Box 5115 Santa Fe, NM 87502
Phone: 866-699-4927, 505-827-7313 | Fax: 505-827-7414
Barbara Deaux, Executive Director
info@ncnmedd.com