Small Business Loans – New Mexico FUNDIT

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USDA Business Industry Loan Guarantee Program

The purpose of the USDA Business and Industry Loan Guarantee program is to improve, develop, or finance business, industry, and employment in rural communities. Qualifying applicants include: For-profit businesses Nonprofits and cooperatives Federally-recognized Tribes and public bodies Organizations financed under this program must be located in rural areas under 50,000 in population and non-urbanized areas. The program… Continue reading USDA Business Industry Loan Guarantee Program

The Loan Fund

The Loan Fund offers loans to: Small businesses Start-up businesses Nonprofits The types of loans offered are: Microloans (under $50,000) Small business loans up to $500,000 Loans to nonprofits SBA 504 Loans (Equipment & Buildings) Business Lines of Credit

Capital CDC

Capital CDC is certified by the SBA to offer both SBA 504 loans or 7(a) Community Advantage loans and is located in Austin, Texas.

Enchantment Land Certified Development Company (ELCDC)

ELCDC is a nonprofit organization licensed by the Small Business Administration (SBA) to administer the SBA 504 Loan Program. SBA 504 provides growing small businesses with financing for expansion activities including: plant, property, and equipment purchases; undergoing new construction; renovating or improving sites; and paying interest on interim financing and any soft costs essential to expansion… Continue reading Enchantment Land Certified Development Company (ELCDC)

SBA 7A Loan

SBA 7A loans are an attractive source of financing for new franchisees and/or new, less established franchise locations, small for-profit businesses conducting business in the U.S., and small businesses that have reasonable invested equity as well as other forms of financing. These loans carry less risk because they are backed by the government, and are available in… Continue reading SBA 7A Loan