In the 2021 Session, the New Mexico Legislature substantially expanded and extended the Small Business Recovery Loan Fund to better help businesses experiencing financial hardship caused by the pandemic. More businesses are now eligible to apply for a loan, the loans have more favorable and flexible terms, and businesses that received a Small Business Recovery Loan in 2020 can refinance for a longer term or a bigger loan. This $500 million loan fund offers loans up to $150,000 at a current interest rate of 1.625%, terms up to ten years, no payments due the first year, interest-only payments due in the second and third year, and no penalty for paying off a loan in advance.

This webinar will provide detailed information on the loan terms, how to apply for a loan or refinance your existing loan, eligibility, what documents are needed, and more. Bring your questions to find out what the Small Business Recovery Loan Fund can do for your business.

Presenters:
Marquita Russel, Chief Executive Officer, New Mexico Finance Authority
Adam Johnson, Chief of Program Operations, New Mexico Finance Authority

The session will be live streamed to EDD’s Facebook and YouTube [ Ссылка ] channels.

You can register for the session here:
[ Ссылка ]

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