COVID-19 Loan Programs Reached Businesses Across New Mexico

EDD Reopens Collateral Assistance Program

SANTA FE, N.M. – With a broader selection of state and federal economic assistance now open to small business owners, the New Mexico Economic Development Department (EDD) has closed its COVID-19 Business Loan Guarantee (CBLG) program after assisting with $1.77 million in lending to 47 businesses. A second relief measure that granted almost $6 million in no-interest loans from the state LEDA fund is also no longer taking applications.