What’s New
In Memory of President & CEO F. Leroy Pacheco
Community development, nonprofit & banking community mourn loss of longtime Loan Fund Leader With heavy hearts, we share the news of the passing of F. Leroy Pacheco, our President and CEO for 18 years. Born...
Important Deadline: Corporate Transparency Act
The U.S. Department of Treasury has implemented the Corporate Transparency Act, which requires many U.S. companies formed or operating in America to report beneficial ownership information to the department’s Financial Crimes Enforcement Network (FinCEN). The act aims to combat illicit...
NMSBIC allocates additional funding
The New Mexico Small Business Investment Corporation (NMSBIC) has allocated an additional $2.5 million to The Loan Fund, making its total investment to the nonprofit $37.5 million. The state legislature created the NMSBIC more than...
In Remembrance of Herb Crosby
We send our heartfelt condolences to the family of Mr. Herb Crosby, an Albuquerque businessman who sat on The Loan Fund’s Board of Directors. Mr. Crosby, who formerly served as board chair and was recently...
Aero Service Business Adds 20 Hangars to Meet NM Aircraft Storage Demand
Finance partners & local and state officials join groundbreaking to celebrate growth in aviation community MORIARTY, N.M. – December 6, 2023 – Looking to meet the critical storage needs of small aircraft in New Mexico,...Record $5.6 million in loans in last half of 2023
October 31 -- The Loan Fund has made a record $5.6 million in loans and lines of credit and an additional $1 million loan so far in the last half of 2023 to New Mexicans...
Celebrating Women-Owned Businesses
Nearly 21% of New Mexico’s businesses that have employees are owned by women, according to the U.S. Census. At The Loan Fund, about 20% of the loans currently have been allocated to female entrepreneurs. In celebration of International...
