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NM
New Markets Tax Credit (NMTC) Small Loan Pool
Flexible financing at advantageous terms for eligible businesses located in low-income communities, providing below-market interest rates, interest-only terms, and potential principal forgiveness.
About this program
Visit the program website for full details.
Eligibility
Qualified Active Low-Income Community Businesses located in designated low-income communities in New Mexico. Projects between $500,000 and $4 million are eligible for the Small Loan Pool.
Requirements
- Business must be located in a designated low-income community
- Must qualify as an Active Low-Income Community Business
- Project financing between $500,000 and $4 million for Small Loan Pool