SBA Offers Relief to New Mexico Small Businesses and Private Nonprofits Affected by Winter Drought
… Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and … disasters.” The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due, until 12 …