REVOLVING LOAN FUND
Revolving Loan Fund
NCNMEDD is excited to announce the revolving loan program. Loans are now available to help small businesses with expenses like payroll, rent, inventory, marketing, ecommerce development, and small capital improvements. In addition to funding, NCNMEDD will offer borrowers technical assistance throughout the life of the loan to foster business success and sustainability.
The loan process is simple and straightforward. The terms and conditions of the loan will not change, and the review process is streamlined. Our office is here to help you every step of the way.
For more information or to submit an application, contact Felicity Fonseca at (505) 356-9098 or by email at monicaa@ncnmedd.com.
The NCNMEDD Revolving Loan Fund partners with Northern New Mexico banks to provide participation loans that fill financial gaps for businesses located in the counties of Colfax, Los Alamos, Mora, Rio Arriba, San Miguel, Sandoval, Santa Fe, and Taos.
During the life of the Fund, NCNMEDD has lent almost $3.5 million to 49 firms on projects that generated $15 million of business development activity and over 1,000 jobs created and retained in the region.