Back to Grants
NM
New Mexico Collateral Assistance Program
SSBCI collateral support helping New Mexico small businesses qualify for lender financing.
About this program
The New Mexico Collateral Assistance Program uses SSBCI funds to provide pledged collateral support for otherwise creditworthy small businesses that lack sufficient collateral for lender financing.
Eligibility
Eligible New Mexico small businesses applying through participating lenders, including Deming businesses.
Requirements
- Apply through a participating lender
- Demonstrate collateral shortfall and creditworthiness
- Use loan proceeds for eligible business purposes and meet SSBCI requirements