Enacted in 2003, the Statewide Economic Development Finance Act (SWEDFA) authorizes the Finance Authority to issue bonds, make loans and provide loan and bond guarantees on behalf of private for-profit and non-profit entities.
In 2005, the Finance Authority created the Smart Money Loan Participation Program, a business lending program designed to use a $5.1 million appropriation to create greater access to capital throughout New Mexico.
In partnership with New Mexico Economic Development Department, the Finance Authority is able to leverage funds provided by local New Mexico banks for businesses that create quality jobs.
Information can be accessed by clicking the link(s) to the right.
If you need additional information or assistance, please contact:
John Brooks, Director, Commercial Lending, (505) 992-9638, firstname.lastname@example.org