Available Financial Loan Programs:
NMTAP Loan Program
Access Loan New Mexico Program
NM SeedLoans Program (NMSLP)
Other Financial Loan Resources
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NMTAP Financial Loan Programs
Securing loans to purchase devices can be difficult. NMTAP works closely with First Community Bank to prepare affordable loan solutions that will enable you to purchase the equipment you need to succeed in business or in a home-based business. If you have a disability and need help qualifying for a loan to purchase home office supplies, computers, typical tools of the trade, or vehicle modifications, let's discuss your needs and identify a financial assistance program that will work for you.
- New Mexico Technology Assistance Loan Program (www.nmtap.com/NMTAPLoan.html): The New Mexico Technology Assistance Program (NMTAP), in cooperation with First Community Bank, operates a loan program for persons with disabilities who need assistive technology.
- New Mexico SeedLoans Program (www.nmseedloans.org): The NM SeedLoans Program (NMSLP) provides loan guarantees and interest rate subsidies to help people with disabilities work independently.
Additional Sources of Loans and Financial Support in New Mexico
- Access Loan New Mexico (www.sjci.org/afp.html): The San Juan Center for Independence offers an alternative loan program, Access Loan New Mexico (ALNM), for New Mexico citizens over the age of 18. Access Loan New Mexico is a statewide, low interest loan program that allows a New Mexico resident with a disability to purchase assistive technology or make home modifications so that he or she can live more independently or productively.
- ACCION New Mexico (www.accionnm.org/getaloan.asp): ACCION is a nonprofit organization that increases access to business credit, makes loans, and provides training which enable emerging entrepreneurs to realize their dreams and be catalysts for positive economic and social change.
- WESST Corp. (www.wesst.org/services/financialassistance.html): The Women's Economic Self-Sufficiency Team (WESST) facilitates the start-up and growth of women and minority-owned businesses throughout New Mexico.
- The Loan Fund (www.nmcdlf.org/loans.htm): The Loan Fund assists businesses and nonprofits that provide positive social benefits, meet other special requirements, and are unable to access loans from traditional sources, such as banks. We place particular emphasis on helping low-income people, women and minorities.
- Individual Development Accounts with The State of New Mexico (www.thinknewmexico.org/ida.html): IDAs are interest-bearing bank savings accounts, in which every deposit an individual or family makes is matched with state and private dollars. The funds in the account are restricted for use in placing a down payment on a home, starting or expanding a micro-business, or paying for college or vocational education.
Online Business Planning Tools
General Business Resources
- Service Corps of Retired Executives (www.score.org/index.html): SCORE is a nonprofit association dedicated to providing entrepreneurs with free, confidential face-to-face and email business counseling. Business counseling and workshops are offered at 389 chapter offices across the country.
- SCORE – Santa Fe and Northern New Mexico (www.santafescore.org): Information on SCORE in the Santa Fe area.
- SCORE – Albuquerque (www.abqscore.org): Details and information on upcoming workshops with SCORE in the Albuquerque area.
- The Abilities Fund Resource Center (www.abilitiesfund.org): Training, technical assistance, and advisory services designed to help entrepreneurs with disabilities become their own best resource.
- New Mexico Small Business Development Center Network (www.nmsbdc.org/index.html): The NMSBDC Network of 18 service centers statewide helps entrepreneurs succeed by providing assistance with writing business plans, marketing, bookkeeping, computer skills and other needs.
For more information about any of these financial assistance programs, please contact:
Andy Winnegar
505-954-8521
andy.winnegar@state.nm.us
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