Back to Grants
NM
NM Collateral Assistance Program (CAP) 2.0 – Creative Businesses
EDD pledges cash to cover collateral shortfalls on loans for creative small businesses, with special focus on film and creative industries.
About this program
Visit the program website for full details.
Eligibility
For-profit creative small businesses in New Mexico applying through a CAP-approved lender with a collateral shortfall. Special focus on film and creative industries.
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