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New Miexico

These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on May 14, 2020.

For more up-to-date information on the relief programs available in New Mexico, we recommend that you visit the state’s COVID-19 Resources website.

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Description of Program and Relief

COVID-19 Business Loan Guarantee Program

New Mexico has created a Business Loan Guarantee program to assist businesses seeking emergency loans or lines of credit to deal with the economic impact of COVID-19. Under the Business Loan Guarantee program, the Economic Development Department may guarantee a portion of a loan or line of credit up to 80% of the principal or $50,000. Loans can be used for many purposes, including, but not limited to, working capital, inventory, and payroll.

Government or Lead Agency

Economic Development Department

Dates Available

Effective immediately

Eligibility Requirements/Restrictions

New Mexico business owners impacted by COVID-19.

Application Deadlines (If Applicable)

N/A

Contact for More Information

The New Mexico Resource and Referral line can be contacted by calling (833) 551-0518. A child care assistance application can be found here: https://cyfd.org/docs/EPICS_Child_Care_Assistance_Application-English_04-26-19.pdf.

List of Additional Information

Interested applicants can apply here: https://gonm.biz/about-us/covid-19-response/. Additional information is available by calling (505) 469-6204 or (575) 562-0327 or emailing EDD-Finance@state.nm.us or mark.roper@state.nm.us.


© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.

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