Business Loans
The Loan Fund offers loans to:
Small businesses
Start-up businesses
Nonprofits
The types of loans we offer are:
Microloans (under $50,000)
Small business loans up to $500,000
Loans to nonprofits
SBA 504 Loans
Business Lines of Credit
We DO finance:
Equipment
Inventory
Building renovations
Operating capital
Business expansions
We DON’T finance:
- Businesses whose sales are primarily alcohol or tobacco related
- Weapons related businesses
- Recent bankruptcies
- Unsecured loans
- Businesses outside of New Mexico
- Consumer loans
Our Lending Philosophy
Over the past 30 years, The Loan Fund has helped hundreds of New Mexicans grow, learn and succeed while enabling them to create sustainable businesses and thousands of jobs. We make good loans to good people, working with a diverse group of small businesses and nonprofits from all parts of New Mexico.
Our clients are like you, hard-working and smart-thinking. But, when they’re ready to start or expand their business or nonprofit, they may not fit into a bank’s lending guidelines. That’s why banks, credit unions, and community organizations refer so many small businesses and nonprofits to us. Our loan officers (all with extensive banking experience) build just the right financing for each client, with simple paperwork, quick approvals, and flexible payment schedules.
Small Business Loans
We work with people who have great ideas, but cannot access traditional financing. Our lenders are highly skilled and experienced in community development; we work closely with referring banks to empower local economies, helping entrepreneurs get started, and existing businesses expand. Our clients own restaurants, art galleries, school buses, trucking companies, flower shops, assisted living facilities, and more!
Ready to start?
Contact us today!
Microloans
SBA Microloan Program
Loans to small businesses up to $50,000.
Loans can be used for:
Working capital
Inventory or supplies
Furniture or fixtures
Machinery or equipment
Loans less than $10,000 carry interest rates of 8.7%
Loans above $10,000 carry interest rates of 7.875%
All loans can have terms up to 6 years.
The SBA Microloan Program allows businesses to take advantage of The Loan Fund’s Technical Assistance Program at no cost to the client.
Pre-loan technical assistance:
Work with The Loan Fund’s experienced loan officers and staff to identify the strengths and needs of your business.
Receive valuable recommendations specifically designed to meet your goals.
Position yourself to potentially receive financing for your business.
Nonprofit Loans
We help nonprofits do good and do well.
Our nonprofit clients are organizations that are committed to their missions, providing needed services, and developing a healthier, more vibrant New Mexico. These nonprofits have dedicated people generating ideas, building dreams, and working toward economic security for themselves, their families, and their communities.
In addition to providing loans, we also assist with financial planning, operations, and more, so our nonprofit clients can grow and thrive.
Contact us today!
Ready to start?
Contact us today!