NM Collateral Assistance Program (CAP) 2.0 is sponsored by State of New Mexico. This opportunity supports mission-aligned projects and measurable outcomes.

NM Collateral Assistance Program (CAP) 2. 0 - NM Economic Development Department Ready to grow in New Mexico? Have comments or questions?

We’re here to help. Science and Technology Roadmap Event Invitation and Speaking Request Form Science & Technology Roadmap Roadmap to turn our research strengths into long-term economic growth and jobs.

Creative Industries Division (CID) Justice, Equity, Diversity and Inclusion (JEDI) Office Technology and Innovation Office (TIO) Food, Hunger, and Agriculture Program Office of International Trade (OIT) Outdoor Recreation Division (ORD) Technology and Innovation Office Helping you grow your technology-based business in New Mexico.

County Economic Summaries Job Training Incentive Program Funds training and upskill 398 workers in the first quarter of 2026.

Local Economic Assistance & Development Support (LEADS) Local Economic Development Act (LEDA) Healthy Food Financing Fund (HFFF) Creative Industries Division Creative Support Organization Grant Business Development & Expansion Grant Creative Industries Public Development Projects Technology & Innovation Office Technology & Innovation Grant Programs NM Science and Technology Business Startup Grant NM Small Business Innovation Research (SBIR) Matching Grant NM Entrepreneurship Programmatic Support Grant Outdoor Recreation Division Outdoor Recreation Trails+ Grant Quantum Technologies Award Funds up to $200,000 to early-stage companies.

Due April 30. Local Economic Development Act (LEDA) Job Training Incentive Program (JTIP) State Small Business Credit Initiative (SSBCI) NM Collateral Assistance Program (CAP) 2.

0 Technology and Innovation Business Assistance Program Outdoor Business Accelerator Business Incubator Certification Business Retention & Expansion Program (BRE) Certified Economic Development Organization (EDO) New Mexico MainStreet Program New Mexico Commercial Property Assessed Clean Energy Program (C-PACE) Strategic Site Readiness Program Preparing high-value sites for future economic development.

NM Collateral Assistance Program (CAP) 2. 0 NM Collateral Assistance Program (CAP) 2. 0 As part of the American Rescue Plan Act (ARPA), signed into law by President Biden in 2021, Congress has allocated $10 billion to increase small businesses access to equity and debt capital through the State Small Business Credit Initiative (SSBCI 2.

0) program. Administered by the U.S. Department of Treasury, the funds are distributed to each state, territory, and Tribal jurisdiction. EDD is administering New Mexico’s SSBCI 2.

0 allocation. To support business growth in New Mexico and to create and retain jobs, EDD encourages banks and other financial institutions to make loans to small businesses in underserved markets. EDD can pledge cash to cover a collateral shortfall of a loan to enable financing that otherwise might not be available to a small business.

Preference is given to business owners who are women, US Veterans, ethnic minorities, or part of other socially disadvantaged groups. Special focus is on (but not limited to) projects in industries related to: intelligent manufacturing, sustainable & green industries, value-added agriculture, outdoor recreation, film & media located in rural areas.

Eligible borrowers must meet these criteria Business purpose is one of the industries listed in the North American Industry Classification Systems (NAICS) codes list. Business is considered a “small business” under the U.S. Small Business Administration. Employs 750 employees or fewer full-time equivalents.

The business is located in New Mexico.

Loan proceeds can be used toward the following Any tangible asset purchase, including construction, renovation, or improvements of an eligible place of business Bridge loans needed prior to the borrower obtaining permanent financing or support Non-owner occupied construction loans: Industrial, commercial, residential, land development, and farm loans allowed $500,000 max loan supported — maximum $250,000 CAP amount Cash support up to 50% of the principal based on qualifying criteria for under collateralized loans.

Preference is placed on businesses located in rural areas, minority-owned, veteran-owned, job creation, generates income from outside of the state. The initial step in the process is for the borrower to apply for a loan through a CAP-approved lender to determine if collateral assistance is needed. If needed, the lender will request CAP support from EDD.

Prior to issuance of a loan, the participating lender submits a CAP 2. 0 request to EDD. Once approved by EDD, CAP 2.

0 approval is sent to Lender. This commitment can be called upon for up to 90 days after issuance. Once the loan is finalized, EDD funds the CAP 2.

0 contribution. A separate account is opened for each loan that is enrolled in CAP. Within 15 business day of loan closing the lender submits the final loan information and notifies NMEDD FDT the loan was funded.

Frequently Asked Questions Can CAP be used to support financing of investment properties? Investment property financing is limited to construction loans up to $500,000. Can CAP support business acquisitions?

Yes and no. CAP can support loans for asset purchases but cannot be used to support loans to fund goodwill (the price paid for a company in excess of the business’s net asset value). Can CAP be used to support an SBA-guaranteed loan? No. CAP cannot be used to support an SBA-guaranteed loan.

CAP can support a bridge loan to reduce the effective loan-to-value for an interim period until the SBA 504 can be funded and the CAP support released. For more information about the program, please contact Federal Grants Coordinator Kelly Byrne at Kelly. Byrne@edd.

nm. gov . Following is a list of actively enrolled lending institutions in the Collateral Assistance Program.

The Program is not limited to these institutions, EDD is actively enrolling lenders and will update this list as more lenders are enrolled.

First Financial Credit Union First New Mexico Bank Las Cruces James Polk Stone Community Bank Sandia Area Federal Credit Union To enroll in the program as a lender, please fill out and submit the Lender Participation Application: Lender Participation Application On a per project basis the following application will need to be filled out and submitted by the lender. Please note: applications must be submitted by the lender.

Loan Enrollment Application Example Apply for Loan Enrollment here The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes.

Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. Manage {vendor_count} vendors