New Mexico State University Grants
701 E. Roosevelt Avenue
GRANTS SMALL BUSINESS DEVELOPMENT CENTER
The Small Business Development Center at NMSU Grants is open and taking face to face appointments at our clients request. We are still offering Zoom and phone appointments as needed or requested. New Mexico is your sounding board, your safety net, your colleague and your consultant. Counselors at the SBDC assist in pre- and post-venture planning with no-charge confidential one-on-one consulting, low cost training in a variety of subjects, and are able to assist your company in networking with other local companies to achieve your goals. The NMSU Grants Small Business Development Center is committed to providing quality direct assistance, entrepreneurial education and resource links for potential and existing small businesses to strengthen the economy of New Mexico. Whether you already own a small business or are thinking about becoming an entrepreneur, the Small Business Development at New Mexico State University can help you climb the ladder of success. The SBDC offers FREE management consulting, training course , and government procurement assistance for western New Mexico business.
STAFF
They Need Matching Funds
Matching funds are required for many federal grants. In some cases, matching funds may be available from other sources, such in-kind services offered by applicants. The match requirement is typically a percentage of project costs. In some cases, a volunteer organization may be able to provide matching funds. However, these contributions must be related to the projects goals.
When applying for match funds, its important to keep overhead expenses in mind. These expenses include marketing materials and tools, which are often overlooked. These costs should be included in the proposal budget. If they are not, they will have to be acquired or donated to the organization. For this reason, its important to have a detailed list of your costs.
Universities, other nonprofit partners, or philanthropic organisations can provide the match. Federal funds can be used to provide match funds. However, this must be allowed. These funds can be provided in cash, or in-kind. Once the match is secured, the project can move forward.
Some federal agencies and state agencies provide grant notification listservs. You can subscribe to this list to receive email updates about grant opportunities. You can also visit your state agency website to receive updates about grant opportunities. Its important to remember that federal match grants may require match funding, so its important to review the guidelines carefully.
Finding Small Business Grants For Women In New Mexico Isnt Easy Were Changing That
A Google search will show you a long list of sites. But most either look like scams or complicated government sites that do more to confuse than help.
Our approach is different. For 20 years, WomensNet has helped business owners like you find legit grants, loans, and other funding for your business venture. Yes, youre still going to have to put in the hard work and time. But if youre serious about getting your business to the next level, youll find our site is a key resource.
A simple place to start is with our Amber Grant for Women. Businesswomen from New Mexico are eligible to apply for this $10,000 grant, which runs monthly. At the end of this year, our judges will award an additional $25,000 Amber Grant to 1 of the 12 monthly winners. So, taking just a few moments could truly be life-changing for both you and your company.
After youve applied for our grant, please take a bit of time to check out the resources below. There are people in New Mexico willing to help women business owners just like you. Best of luck in your search.
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Past Pandemic Relief Programs
Small Business CARES Relief Grants
Application period: December 7, 2020 December 18, 2020
The Small Business CARES Relief Grants were authorized by the State of New Mexico in the November 2020 Special Session and were funded by $100 million in Federal CARES stimulus funds.
NMFA received 14,136 grant applications from New Mexico businesses totaling $156 million in funding requests. Grants were awarded to 6,743 businesses throughout New Mexico, with 60% of the funds provided to businesses in urban areas and 40% of the funds to businesses in rural areas of the state. The businesses receiving grants include restaurants, hotels, retail stores, nonprofit organizations, manufacturing companies, accountants, and many more in communities large and small throughout New Mexico. The smallest grant was $2,000 and the largest grant was $50,000. The average grant size was $15,000.
Small Business Recovery Loan Fund 2020
Application period: August 5, 2020 December 31, 2020
Enacted by the New Mexico Legislature during the June 2020 Special Session and signed into law by Governor Michelle Lujan Grisham, this program allocated funds to provide loans to businesses that experienced financial hardship due to the public health order resulting from the COVID-19 pandemic.
Number of businesses with approved loans: 890 Number of NM counties represented: 26 Number of NM cities and towns represented: 73
Total loan amount: $40,545,955
Clean Water State Revolving Fund
Funding is available for Planning Loans, Design Loans and Construction Loans. Loan subsidy may be available to disadvantaged borrowers or to borrowers that incorporate sustainability features into projects. Loan terms may be up to 30 years with repayment beginning one year after project completion.
Clean Water State Revolving Fund applications are accepted year-round.
Eligible Borrowers
- Private entities are eligible for limited types of projects
Program Eligibility
- Publicly owned centralized wastewater treatment works construction, repair or replacement
- Implementation of a non-point source management plan
- Measures reducing, treating, or managing stormwater
- Measures reducing demand to publicly owned treatment works through conservation
- Watershed projects
- Reducing energy consumption at publicly owned treatment works
- Projects for reusing or recycling wastewater or stormwater
- Increasing security at publicly owned treatment works
Loan Interest and Terms
Clean Water State Revolving Fund loans are offered at low interest rates from 0.01% for public entities that do not qualify for 0% and 2.375% for private entities. Loan repayment terms may be up to 30 years.
Priority Rating System
Projects are evaluated and ranked based on the level of water quality protection achieved. More information on the ranking system is available here.
Contact us with questions at or 505-469-3365.
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Bipartisan Infrastructure Law: Drinking Water And Wastewater Investments
The Bipartisan Infrastructure Law delivers more than $50 billion to the U.S. Environmental Protection Agency over the next five years to improve our nations drinking water, wastewater, and stormwater infrastructure the single largest investment in water that the federal government has ever made. During the first year of funding, 2022, allocations for New Mexicos State Revolving Funds total $63 million. This investment into our state will mean safe drinking water, clean water for communities and healthier watersheds.
Communities and other eligible applicants should apply now through the Clean Water SRF and Drinking Water SRF programs to express interest in BIL funding for specific projects. Scroll down on this Funding Opportunities page for program details.
For more information about Clean Water SRF funding, contact or 505-469-3365.
For more information about Drinking Water SRF funding, contact or 505-231-2120.
They Are Also Available For Non
Several nonprofit organizations and community contributors provide grants for for-profit businesses. These grants range in amount from a few thousand dollars to more than $100,000. Businesses must apply for a loan from a bank and find an investor to be eligible for these funds. They must also do adequate due diligence.
The downside of applying for government grants is the extensive paperwork. It is time-consuming and technical. It is important to make sure youre eligible before submitting an application. Although the federal government spends billions of dollars each year to fund projects, these funds are usually awarded through a competitive bidding process. Certain programs help small businesses navigate this bidding process.
The National Minority Supplier Development Council offers business services, networking opportunities, and one-off funding opportunities. In addition, the National Minority Supplier Development Council has a network of community small business advisors who can help businesses grow and thrive. Operation Hope is another small business-focused organization that offers 12-week and eight-week entrepreneurship training programs. This program helps minority business owners start their own businesses. Grants For Small Business In New Mexico.
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New Mexico Loan Resources
Enhanced Existing Loan Programs aim to meet the needs presented by the pandemic and recovery. The New Mexico Small Business Investment Corporation committed an additional $35 million at low interest rates to assist small businesses impacted by COVID-19. Emergency business loans, some of which have been designed specifically for pandemic recovery, are available through these NMSBIC nonprofit lending partners:
Small Business Recovery Loan Fund provides low-interest loans to eligible COVID-impacted businesses. Interest is set at one-half of prime rate, and terms allow for deferred payments and no penalty for paying off a loan in advance. Businesses that received a Small Business Recovery Loan in 2020 are eligible to reapply for additional funds or to update their current loan to take advantage of the new terms. The deadline to apply is December 31, 2022. Read the criteria and terms, and apply here.
How Will The Economic Development Department Choose Which Businesses Receive Funding Among Those That Qualify
Upon successful completion of the application, the grantees will be awarded on a first come, first serve basis unless the grants are oversubscribed. The City of Albuquerque Economic Development Department reserves the right to change the program process as it sees fit. Operating expenses do not include back-owed taxes, liens, or unpaid code enforcement fines.
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If You Answered Yes To All Of These Questions You Can Qualify For Researcher Hours:
- $40,000 if located in a rural county
- $20,000 if located in an urban county
On August 11, join NMSBA and the New Mexico Rural Efficient Business Program for an evening in Los Alamos learning about the benefits for New Mexico small businesses. RSVP and find more details here: https://www.eventbrite.com/e/new-mexico-small-business-assistance-tickets-392712061347
Answered By The New Mexico Finance Authority From The December 3 2020 Presentation
What is the Small Business CARES Relief Grant Program?The Small Business CARES Relief Grant Program was created by the State of New Mexico in the November 2020 Special Session to provide $100 million in grant funding to New Mexico small businesses that are experiencing financial hardship due to the pandemic. This grant program is being administered by the New Mexico Finance Authority .
What is a grant?A grant is money given for a specific purpose without any obligation to repay the funding. In this case, grants will be given to help New Mexico businesses weather the economic hardship due to the pandemic. This grant does not need to be paid back.
Who can apply for a Small Business CARES Relief Grant?Small Business CARES Relief Grants are available to New Mexico for-profit businesses and nonprofit organizations with 100 or fewer employees that meet one of the following requirements:A. Sole proprietors owned by a New Mexico resident.B. Corporations, partnerships, joint ventures, limited liability companies or limited partnerships that are at least 51% owned by one or more New Mexico residents.C. Nonprofit corporation designated as a 501, 501 or 501 entity, or a 501 organization that serves past or present members of the Armed Forces of the United States.
Number of employees Grant Amount0 $2,000
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Cannabis Microbusiness Loan Program
On November 30, 2021, the New Mexico Finance Authority Oversight Committee approved the Cannabis Microbusiness Loan Program, a new $5 million program that offers affordable loans to licensed cannabis microbusinesses. Applications are due the 15th of each month and accepted as long as funds remain available.
To learn more and apply .
How Can A Small Business Use The Grant Fund
The program will offer one-time grants of $10,000 to qualifying small businesses to cover operating expenses, payroll, permitting, business equipment purchases, business mortgage obligations, business rent, lease payments, surveillance and security improvements, and utility expenditures. For Hotel & Public Safety Grants may be used for safety and security improvements, such as fencing, security cameras, and secure access.
The grant cannot be used for back-owed taxes, liens, or unpaid code enforcement fines.
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Small Business Recovery Loan Fund
Was your business hurt during the pandemic? We can help.
Loans up to $150,000 at a very low interest rate.
The interest rate is equal to half the prime rate at closing and is fixed for the ten-year term of the loan.
No interest for the first year and interest-only payments for the second and third year.
The loan may be repaid at any time with no penalties or charges.
Most New Mexico businesses that were impacted by the pandemic are eligible for this loan program.
Businesses that received a Small Business Recovery Loan in 2020 can refinance for a larger amountand longer term.
Small BusinessRecovery Loan Fund application deadline: December 31, 2022
Programs
Small Business Recovery Loan Fund Application – New Loans and Refinancing
- Please use a current, updated browser such as Chrome, Firefox, or Safari.
- Please read eligibility program information below before starting an application.
- Businesses that received a Small Business Recovery Loan in 2020 are eligible to apply to refinance their loan to receive a larger amount and a longer loan term.
They Are Also Available To For
Many community contributors and nonprofit organizations offer grants to for-profit businesses. These grants can be as small as a few thousand dollars up to more than $100,000. Businesses must apply for a loan from a bank and find an investor to be eligible for these funds. They must also do adequate due diligence.
The downside to applying for government grants? The lengthy paperwork. Its time consuming and technical. Before you submit an application, it is important to verify that you are eligible. The federal government spends billions each year to finance projects. However, these funds are often awarded through a competitive bidding process. Small businesses can benefit from certain programs that help them navigate the bidding process.
The National Minority Supplier Development Council provides business services, networking opportunities, as well as funding opportunities. In addition, the National Minority Supplier Development Council has a network of community small business advisors who can help businesses grow and thrive. Operation Hope is another small business-focused organization that offers 12-week and eight-week entrepreneurship training programs. This program helps minority business owners start their own businesses. New Mexico Grants For Small Businesses.
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Resource Tool For Start
COVID-19 Financial Assistance to help businesses through the pandemic recovery.
Please see recent announcements for information about new opportunities unrelated to the pandemic.
For information about pandemic-related grant programs, scroll to the bottom of this page. Please note that many pandemic grants and loan programs have expired.
New Mexico Department Of Veterans Business Outreach Center
The New Mexico Department of Veterans Services created the Veterans Business Outreach Center to help veterans who want to start their own small businesses, and help existing veteran-owned businesses expand their operations. They also assist veteran-owned businesses with formulating a business plan, marketing strategy, or assist with applying for Patriot Express Loans or other low-interest business loans.Las Cruces NMDVS Office, 2024 E. Griggs Ave. Las Cruces, NM 88001 524-6220
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They Require Matching Funds
Federal grants often require matching funds. In some cases, matching funds can come from other sources, such as in-kind services provided by an applicant organization. The match requirement is typically a percentage of project costs. In some cases, a volunteer organization may be able to provide matching funds. However, these contributions must be related to the projects goals.
It is important to consider overhead expenses when applying for match funds. Often people will overlook these expenses, which include marketing materials and tools. These costs should be included in the proposal budget. If they arent, they will need to be acquired for the organization or donated. For this reason, its important to have a detailed list of your costs.
The match can come from universities or other nonprofit partners or philanthropic organizations. Federal funds can be braided to provide match funds, but they must be specifically permitted for this. These funds can be provided in cash, or in-kind. Once the match is secured, the project can move forward.
Some federal agencies and state agencies provide grant notification listservs. By subscribing to this list, you can receive grant opportunities via email. You can also get updates on grant opportunities by visiting your states agency website. You should be aware that federal match grants may require matching funding. It is important to read the guidelines carefully.
What Happens After An Application Is Turned In
Once an application is turned in, it will enter an internal review process. Grant Officers will be working with businesses, checking the application for eligibility, and document verification. Once complete, it will enter a secondary review for final decision.
If you have additional questions or need assistance with your grant application, please email or call 505-768-3270.
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Ultimate Guide To Small Business Grants In New Mexico
Dan Ansaldo
Are you a small business owner looking for grants in New Mexico? You’ve come to the right spot. This page contains grants that are currently open for New Mexico small businesses. Bookmark this page as we update it frequently.
Pro tip: Be the first to hear about new New Mexico and nationwide grants .
Skip Small Business Grant Program
Deadline to apply: Applications accepted year-round Grant amount: $1KEligibility: Open to all small business owners and entrepreneurs Grant information: Since March of 2020, we have been donating our YouTube revenue back to individuals and small businesses. On the third Wednesday of every month, we award several $1K grants to help business owners power their passion. Apply: To learn more about our grant including how to get EXTRA entries read this short article. If you want to apply right away, here is our grant application page.
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