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NM
NM Collateral Assistance Program (CAP) 2.0 – Health Businesses
EDD pledges cash to cover collateral shortfalls on loans for health-related small businesses that would otherwise not qualify for conventional financing.
About this program
Visit the program website for full details.
Eligibility
New Mexico for-profit health-related small businesses applying through a CAP-approved lender with a collateral shortfall. Cannot be used with SBA-guaranteed loans.
Requirements
- Must apply through a CAP-approved lender
- Business must have a collateral shortfall on an otherwise qualifying loan
- Cannot use CAP in conjunction with an SBA-guaranteed loan