Client LoginApply Now
Language

In 2010, The Loan Fund built on its recession-response momentum by adding new lending programs and hitting all-time highs in impact. Over the previous 21 years (1990–2010), the organization had made more than 1,300 loans totaling $41.5 million, directly helping to create or retain about 6,000 jobs for New Mexicans. Its active loan portfolio now exceeded $11 million, a testament to both the demand for its services and the high 97% repayment rate maintained by its borrowers. In 2010, The Loan Fund earned designation as the Small Business Administration’s newest micro-lender in New Mexico, giving it access to SBA capital and guarantees to extend more microloans to startups. In fact, it received a first-ever $750,000 SBA PRIME award (via the CDFI Fund) specifically to boost lending to very small businesses recovering from the downturn. That year The Loan Fund also entered into a partnership with Bernalillo County to manage a new $1 million countywide revolving loan fund for small businesses, a fund jointly capitalized with $500,000 from the county and $500,000 from The Loan Fund’s own reserves. Additionally, 2010 saw The Loan Fund begin making SBA 504 loans (for commercial real estate and equipment purchases) for the first time, opening another avenue to help local businesses grow assets. With a diversified toolbox of loan products and deepening public partnerships, The Loan Fund closed 2010 stronger than ever: a 21-year-old institution still driven by the same mission, yet constantly innovating to meet the evolving needs of New Mexico’s entrepreneurs and nonprofits.

The Loan Fund

General Inquiry Form

Thank you for reaching out. Whether you have questions about our services, need guidance on funding options, or simply want to connect, we’re here to support you.

Please fill out the form below with your inquiry. A member of our team will respond as soon as possible. We look forward to learning more about how we can assist you and your business.