CHAMBER News:
The New Mexico Economic Development Department (NMEDD) has created a program to assist businesses seeking emergency loans or lines of credit to deal with negative economic impacts from COVID-19.
The free webinar is 1 p.m. today, March 17 and registration required because there are limited spots available. REGISTER HERE
NMEDD can guarantee a portion of a loan or line of credit up to 80 percent of principal or $50,000.
Loan proceeds are flexible and can be used for (and not limited to) the following:
- working capital;
- inventory; and
- payroll.
We invite lenders, banks, Economic Development Organizations, and others to tune in to this information session for updates on the program as well as other resources on how to help your customers affected by COVID-19.
Spaces are limited to the first 100 attendees, so login early. If you are unable to access the presentation, you can call in and join by phone.
A recording of this webinar will be available today shortly after its conclusion.
For more information, email Johanna Nelson or call 505.827.0264.