Areas Served: Rio Arriba, Taos, Mora, Colfax, San Miguel and Sandoval counties
The Tri-County Loan program is administered by the North Central New Mexico Economic Development District.
The Tri County Fund is for businesses in Los Alamos, Rio Arriba and Santa Fe Counties, impacted by layoffs at Los Alamos National Lab.
Tri-County is a bank participation loan program and helps entrepreneurs by lending in partnership with a bank in order to reduce rates and develop long-term banking relationships.
LOAN CRITERIA A business plan demonstrating market and financial feasibility and the necessity of Loan Fund assistance is required.
Businesses should create and/or retain one job for each $25,000 of funds.
Information about use of loan funds and ability to repay must be detailed.
Participation of a banking partner and equity investment by owner or business is required.
Contact InformationNorth Central New Mexico Economic Development District
Address: P.O. Box 5115
City: Santa Fe
State: New Mexico
Website:
http://www.ncnmedd.com/rlf.htm
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