State Small Business Credit Initiative (SSBCI) Loan Participation Program
The SSBCI Loan Participation Program, administered by NMFA in partnership with the Economic Development Department and funded by the federal State Small Business Credit Initiative, increases small businesses' access to capital by reducing lender risk: NMFA purchases a portion of a loan made by a lender or makes a separate subordinate loan alongside it. Offered by New Mexico Finance Authority; awards $50K – $7.5M.
Key Facts
- Funder
- New Mexico Finance Authority
- Award amount
- $50K – $7.5M
- Deadline
- Rolling / not specified
- Geography
- New Mexico
- Status
- Open
About This Grant
The SSBCI Loan Participation Program, administered by NMFA in partnership with the Economic Development Department and funded by the federal State Small Business Credit Initiative, increases small businesses' access to capital by reducing lender risk: NMFA purchases a portion of a loan made by a lender or makes a separate subordinate loan alongside it. Loans may be lines of credit or term loans for startup or expansion, owner-occupied real estate, working capital, equipment, inventory and...
Full requirements and application instructions: official listing.
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