Primary Recipient

NEW MEXICO COMMUNITY DEVELOPMENT LOAN FUND

Amount

$750,000.00

Award Date

2/26/2010

Administering Agency

Small Business Administration

CDFA Number

59.046

CDFA Program Title

Microloan

Description

Our current outstanding balance is $535,805.86 which consist of 39 loans. Of the portfolio,69% funded working capital, 10% funded a business purchase, 7% funded equipment purchase and 14% funded inventory. To date, the portfolio created 30 new jobs and