US Congress passed the CARES Act to help small businesses and employees hit by the effects of the COVID-19 virus. Below, find resources about the Act and how businesses can access or utilize funds.

Summary of SBA Loans available through CARES Act

The Small Business Owner’s Guide to the CARES Act

CARES Act: Initial Overview of Tax-Related Items

Apply for SBA Economic Injury Disaster Loan

Apply for Paycheck Protection Program

NM Economic Development Department, Dept of Workforce Solutions, & Tourism have created a Rapid Response Taskforce for businesses with questions.  If you are unsure where to go for resources, submit your questions directly.

NM Economic Development Department is offering loan guarantees as well as zero interest LEDA funds (LEDA applies only to infrastructure for manufacturing companies). Information regarding federal SBA loans is also available on their webpage.

NM Department of Workforce Solutions has made it easier to apply for unemployment benefits, specifically if you have been impacted by the Coronavirus. The requirement to look for work has also been waived.

The Association of Commerce & Industry has information regarding state and federal programs to help businesses through this time.

The All Together Fund has been established to help New Mexico respond to and eventually recover from the COVID-19 pandemic. The Fund will be used to address immediate needs and offer long-term support for the recovery work that lies ahead.

The USDA is offering relief for homeowners under their loan program as well as extensions to grant deadlines.

Summary of Programs

Intermediary Relending Program

Rural Microentrepreneur Assistance

Stay up to date with COVID-19 developments and best practices for staying safe and healthy using the following websites:

For updates on the virus and other general inquiries, please visit the links below.