Small/Medium Size Businesses

Federal assistance available up to $2M with a low interest rate for businesses and nonprofits.

The New Mexico Economic Development Department (NMEDD) has created a program to assist businesses seeking emergency loans or lines of credit to deal with negative economic impacts from COVID-19. NMEDD can guarantee a portion of a loan or line of credit up to 80% of principal or $50,000. Loan proceeds are flexible and can be used for (and not limited to) the following: working capital, inventory and payroll.

For additional assistance, contact the New Mexico Border Authority or the New Mexico Economic Development Department, see and