New Mexico small business microloans
- Amount and term
- Loans from $500 to $50,000 with a maximum five-year/60-month term.
- Pricing
- Fixed interest rates range from 0% to 9%; approved loans may carry a fee of up to 5%.
- Eligibility
- Serves new and existing small businesses in New Mexico, including viable firms that do not meet traditional lender criteria.
- Uses and support
- Permits inventory, materials, equipment, tools, fixtures, remodeling and specified working capital; borrowers must continue working with a WESST consultant for the loan duration.
Provider sources: Loan requirements and terms · CDFI and statewide support

