Loans

ACCION New Mexico offers:

• loans from $200 to $150,000
• lines of credit from $35,000 to $150,000

ACCION New Mexico's interest rates and terms:

• rates vary and reflect the market rate and loan risk but are comparable to commercial bank rates for small business loans
• terms range from 2 months to 72 months depending on loan size

Note: There is no pre-payment penalty on our loans.

Community Benefit Fees:

• vary depending on loan risk, ranging from 2% to 7%
• help us continue to serve the community by offsetting lending, training and outreach costs

Eligibility Requirements to Apply:

• Be at least 18 years of age and demonstrate good character
• Show current capacity to maintain monthly loan payments
• Must use loan proceeds for business purposes, which cannot include alcohol sales, the sale or manufacturing of weapons, speculative investments or gambling operations.
• Live in a geographic area served by ACCION New Mexico

Start the loan application process.