Smart Money Business Loan Participation Program

Smart Money Business Loan Participation Program

The Smart Money Business Loan Participation Program provides greater access to capital for businesses throughout rural and underserved areas of New Mexico by allowing NMFA to purchase up to 49% of loans originated, underwritten and serviced by local banks at low, fixed interest rates.  To date, NMFA has purchased participations totaling $6,420,705 in six loans across New Mexico.

Eligibility

Applicants:  Business and nonprofit organizations

Projects:  Working capital, equipment, and building projects

Terms:  Loans of up to 25 years at low, fixed interest rates

Other:  NMFA may purchase up to 49% of a bank’s loan, depending on the maturity of the loan, jobs created by the project, and lien position of the participation.

For more information about the Smart Money Business Loan Participation Program, email business@nmfa.net.