Expanded & Improved: Small Business Recovery Loan Fund
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Webinar: Expanded & Improved: Small Business
Recovery Loan Fund
April 14, 2021 at 11:30 a.m. |
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During the 2021 Legislative Session, the New Mexico Legislature substantially expanded and extended the Small Business Recovery Loan Fund to better help businesses experiencing financial hardship caused by the pandemic.
More businesses are now eligible to apply for a loan, loans have more favorable and flexible terms, and businesses that received a Small Business Recovery Loan in 2020 can refinance for a longer term or a larger amount.
This $500 million loan fund, administered by the New Mexico Finance Authority, offers loans up to $150,000 at a current interest rate of 1.625% for up to ten years with no payments due the first year, interest-only payments due in the second and third year, and no penalty for paying off a loan in advance.
This webinar will provide detailed information on the loan terms, how to apply or refinance your existing loan, eligibility, necessary documents, and more. Bring your questions to find out what the Small Business Recovery Loan Fund can do for your business.
Presenters:
Marquita Russel, Chief Executive Officer, New Mexico Finance Authority
Adam Johnson, Chief of Program Operations, New Mexico Finance Authority
You can register for the session below, and it will also be live streamed on EDD’s Facebook page and YouTube channel. |
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| For more information, contact the New Mexico Finance Authority at recovery@nmfa.net or call (505) 992-9696. |
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