New Mexico Recovery Fund

New Mexico Recovery Fund

In April 2020 the State Investment Council authorized an emergency short-term loan fund for medium-to-large size New Mexico businesses with approximately 40 or more employees, that have been especially hard hit by the COIVD-19 pandemic.  These loans are meant to help bridge the gap for companies that were profitable prior to the crisis and will have good prospects thereafter, but may not qualify for other loans from the federal government, state or private banks.  Details regarding loan terms and conditions can be found here: NM Recovery Fund Overview, while a comprehensive list of business loan and other relief programs can be found at the New Mexico Economic Development Department: https://gonm.biz/about-us/covid-19-response,