CARES Relief Grants through
NM Finance Authority
Application open: December 7
Application due: by noon on December 10, 15 or 18, 2020
What are Small Business CARES Relief Grants?
The Small Business CARES Relief Grants were created by the State of New Mexico in the November 2020 Special Session to provide $100 million in grant funding to New Mexico small businesses that are experiencing financial hardship due to the pandemic.
What is a grant? A grant is money given for a specific purpose without any obligation to repay the funding. In this case, grants will be given to help New Mexico businesses weather the economic hardship due to the pandemic. This grant does not need to be paid back.
Eligibility
Small Business CARES Relief Grants are available to New Mexico for-profit businesses and nonprofit organizations with 100 or fewer employees that meet one of the following requirements:
- Sole proprietorship owned by a New Mexico resident, or
- Corporations, partnerships, joint ventures, limited liability companies or limited partnerships that are at least 51% owned by one or more New Mexico residents, or
- Nonprofit corporation designated as a 501(c)(3), 501(C)(6) or 501(c)(8) entity, or a 501(c) organization that serves past or present members of the Armed Forces of the United States.
Note: The application should take about 10-15 minutes to fill out, but applicants should have all relevant documents they need to fill it out, as the application must be completed in one sitting
