Your Local SBA
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Financing SBA provides a number of financial assistance programs for small businesses including 7(a), 504 and disaster assistance loans.
New Mexico SBA Participating Lenders (July 2009)
New Mexico SBA Loan Activity Fiscal Year 2009
New Mexico SBA Loan Activity for Fiscal Year 2008
Preferred Lenders Preferred lenders are those who have been heavily involved in regular SBA loan-guaranty processing and have met certain other criteria. A listing with contact information of New Mexico's lenders is provided in the New Mexico Small Business Resource Guide.
Patriot Express Approved Lenders - April 2009
The 504 Certified Development Company (CDC) Program provides growing businesses with long-term, fixed-rate financing for major fixed assets, such as land and buildings. A Certified Development Company is a nonprofit corporation set up to contribute to the economic development of its community or region. CDCs work with the SBA and private-sector lenders to provide financing to small businesses. There are about 290 CDCs nationwide. Each CDC covers a specific area. The MicroLoan Program was developed to increase the availability of very small loans to prospective small business borrowers. Under this program, the SBA makes funds available to nonprofit intermediaries, who in turn make loans to eligible borrowers in amounts up to a maximum of $35,000. The average loan size is $13,000. Completed applications can usually be processed by the intermediary in less than one week.
Though the SBA does not provide grants to help you start a business, information on organizations and sites that can assist you in locating special purpose grants can be found at SBA Financing - Note on Grants.
Also See:
Finance Primer: Guide to SBA's Loan Guaranty Program
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