Questa, NM. Questa Economic Development Fund is pleased to announce its partnership with The Loan Fund, a statewide nonprofit community lending organization. The Loan Fund will administer the Questa Economic Development Fund’s loan support program for qualified borrowers. The QEDF's loan program is targeted at residents and businesses located within the Village of Questa and/or Questa School District boundaries. To qualify for the loan the borrower must use the funds for business purposes that benefit the economy of these areas. Interested residents and businesses should contact The Loan Fund directly. Applicants will be walked through all the skills needed to take advantage of this plan.
“The QEDF is excited to be working with The Loan Fund in helping local businesses expand or start new ventures. Our hope is that the 5% rebate will be a kick start for economic activity in Questa. This is a program that every business in the area can take advantage of,” says Malaquias Rael, Chairman of the Questa Economic Development Fund.
“We are very honored to work with the Questa Economic Development Fund to help entrepreneurs and small businesses in the Questa area. It is our hope that this partnership will have a positive economic impact that brings generational change to the community,” says F. Leroy Pacheco, President/CEO of The Loan Fund.
For more information: Please click here or call Leroy Pacheco, President & CEO, The Loan Fund, 505-243-3196
About Questa Economic Development Fund:
The Questa Economic Development Fund was founded in 2008 by the Village of Questa and Chevron Mining to support the Village of Questa in transitioning successfully to a sustainable and diverse post-mining economy.
About The Loan Fund:
The Loan Fund was founded in 1989 by the New Mexico Conference of Churches with a mission to help alleviate poverty. The Loan Fund is New Mexico’s largest and most experienced nonprofit community lending organization, providing loans and consulting services to small businesses, entrepreneurs, and nonprofit organizations that are typically unable to obtain financing through traditional lending sources. Since inception, The Loan Fund has made over $60 million in loans that have helped secure over 7,800 New Mexico jobs.