Local businesses need your help more than ever! For a list of various businesses that are open and providing take-out, curbside pick-up, delivery options, or gift cards see the links below:
Visit for up-to-date and comprehensive listing of resources and services
We are so proud of how quickly our community has come together to help each other get through the challenges and uncertainties of the COVID-19 outbreak. In partnership with The City of Santa Fe, and with generous information sharing across multiple agencies and organizations, we've put together a one-stop-shop resource website for individuals, families, small businesses impacted by COVID-19. Visit www.alltogethersantafe.org for the latest on COVID-19 news and updates, financial and community resources, activities, ideas for small businesses, and tips for how to keep yourself, your families, and your neighbors safe.
Let's stay #AllTogetherSantaFe
The COVID-19 virus is impacting all levels of Santa Fe County's business community. In efforts to keep businesses informed and connected to resources the County of Santa Fe, the City of Santa Fe, and several other partner agencies are working day-by-day to post information on resources, best practices, and anything else that may help you deal with the situation at hand.
For latest public health order establishing openings and capacity levels click here.
For State recommended COVID-Safe Practices for Employers and Businesses click here.
Santa Fe County Restaurants can now apply for a Temporary COVID Seating Relocation to provide greater outdoor seating capacity. For more information on this, contact Development and Review Front Desk at 505-986-6225
Coronavirus Aid, Relief, and Economic Security (CARES) Act and SBA Guidance for Businesses
For a comprehensive guide to what the CARES Act offers small businesses please visit here.
Snapshot of CARES Act Programs and Products:
Need capital to cover the cost of retaining employees? Then the Paycheck
Protection Program might be right for you.
Need a quick infusion of a smaller amount of cash to cover you right now? You
might want to look into an Emergency Economic Injury Grant.
Want to ease your fears about keeping up with payments on your current or
potential SBA loan? The Small Business Debt Relief Program could help.
Need some quality, free counseling to help you navigate this uncertain
economic time? The resource partners might be your best bet.
Small Business Administration- Disaster Loan Assistance
The Small Business Administration (SBA) is providing up to $2 million in disaster assistance loans. These are low-interest loans that may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid because of the disaster’s impact. This funding is now available to all New Mexico small businesses.
There are two ways to learn more and begin a loan application:
1) Online by visiting the Small Business Administration Disaster Loan Assistance program at www.sba.gov.disaster.
2) By phone at (800) 659-2955 or email at disastercustomerservice@sba. gov. Individuals who are hearing impaired may call (800) 877-8339.
If you elect to submit a hard-copy application, you may do so by mail to the following address:
U.S. Small Business Administration
Processing and Disbursement Center
14925 Kingsport Road, Fort Worth, TX 76155
For more information on SBA resources, including additional loan programs, please visit www.sba.gov.
For more general information on the state’s response to COVID-19 and additional resources for businesses and workers affected by the fallout, visit www.newmexico.gov.
SBA Express Bridge Loan Program
This program allows small businesses who currently have a business relationship with an SBA Express Lender to access up to $25,000 quickly. To learn more visit here.
The State of New Mexico is adjusting its business-loan guarantee programs in order to make capital more available to business owners whose operations are severely impacted by the COVID-19 health emergency.
COVID-19 Business Loan Guarantee Program
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. NMEDD can guarantee a portion of a loan or line of credit up to 80% 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.
Borrower approaches lender
Lender applies to the program
Lender and NMEDD sign agreement
Lender makes the loan
NMEDD guarantees the loan in case of default
Lenders and borrowers can apply here.
New Mexico Finance Authority: Business Loan Partnership Program
NMFA and "Partner Banks," together, share the risk while lowering the overall cost of borrowing for the business by NMFA offering low-cost rates on its portion of the loan to a New Mexico business.
Contact, John Brooks, 1-877-ASK-NMFA, or [bot protected email address]
Workforce and Unemployment Resources
Have you been laid off due to COVID-19? Have you had your hours reduced? Have you had to self-quarantine? If so, you may be eligible for Unemployment Insurance Benefits. To learn if you qualify see here. For flyer in Spanish, see here.
For more information concerning workforce issues please visit here.
Information on CARES Act 2020: Unemployment and Direct Payments for New Mexicans
For a comprehensive explanation of unemployment and direct payments as it relates to New Mexicans, please visit Senator Udall's briefing here.
NMSBIC Commits $25 Million to Assist Small Businesses Impacted by COVID-19
Businesses should not contact the NMSBIC because it only provides capital to its lending partners, who in turn make individual loan decisions. To inquire about a loan, please contact:
The Loan Fund, a nonprofit organization that offers business loans and lines of credit up to $500,000 throughout New Mexico. Visit www.loanfund.org. Call (505) 243-3196 or [bot protected email address].
DreamSpring, a nonprofit organization that increases access to business credit, offers loans, and provides training throughout New Mexico. Visit www.dreamspring.org for details. Call (800) 508-7624 or [bot protected email address].
LiftFund, a nonprofit organization, provides education and capital up to $500,000 to business owners and entrepreneurs in Southern New Mexico. Visit www.liftfund.com. Call (888) 215-2373 or [bot protected email address].
Homewise, a nonprofit organization, provides business real estate loans up to $375,000 in Santa Fe and Albuquerque. Visit www.homewise.org. Call (505) 469-6195 or [bot protected email address].
For more information about the NMSBIC, contact executive director Russell Cummins at (505) 274-7789. Please note that inquiries from businesses about loans should be directed to the NMSBIC’s lending partners listed above.
NMSBIC Invests $100 million in New Mexico Recovery Fund
New Mexico Recovery Fund provides discounted, short-term loans to businesses struggling to stay afloat during the coronavirus crisis. For more information see here.
New Mexico Mainstreet Training and Webinars
For access to various training on federal and state resources, business strategies as they relate to managing the COVID-19 landscape, and other general business resources and training please visit here. Additionally, the NM Mainstreet offers a listing of other state resources.
New Mexico Economic Development Department (NMEDD) Business Response Survey
NMEDD has started a rapid response online form and survey created for the purpose of connected the needs and challenges faced by local businesses to the staff and resources offered at the State Economic Development Department. Additionally, this tool can also help the State better understand the needs and challenges businesses are currently facing. To complete the form visit here.
CDBG Economic Development Fund
Assistance to small businesses to avoid job losses by providing working capital assistance. Project has to qualify and be in a distressed area. This program has yet to be initiated, but it is forth coming. More information concerning this program will be provided as the program comes online.
Contact Scott Wright, NM Department of Finance & Administration, 505-827.4974 or [bot protected email address]
IRS Tax Payment Deferment
The IRS has extended the filing and payment deadline for taxes until July 15, 2020. For more information please see here.
Small Business Development Center Loan Consulting
SBDC has no cost assistance for businesses impacted by COVID-19 to help apply for SBA Disaster Assistance Loans. Click here to sign up for consulting.
The Red Backpack Fund
The Red Backpack Fund. GlobalGiving will be overseeing the fund, making at least 1,000 grants of $5,000 each to female entrepreneurs in the U.S. to help alleviate the immediate needs and support the long-term recovery of those impacted by this crisis. For more information see here.
U.S Businesses will have access to the following:
Expanded eligibility: More businesses in the US will be eligible for a Kiva loan.
Larger loans: The maximum loan on the Kiva platform will increase from $10,000 to $15,000.
Grace period: New borrowers may access a grace period of up to 6 months for greater financial flexibility.
If you’re a small business owner who believes you can benefit from a Kiva loan, or you know one in your community, reach out here.
Libraries as Launchpads: Free Resources for Weathering COVID-19
Free resources including a downloadable workbook, cash flow planning templates, marketing and sales templates, and an online community plus access to their faculty. They have created a portal designed to help outdoor recreation, creative entrepreneurs, and any small business owners support in surviving and coming out stonier from this crisis. Interested entrepreneurs can register here.
2020 PNM Resources Foundation Community Support Grants
PNM has established a Emergency Action Fund for struggling nonprofits affected by COVID-19. For more information see here.
The Grant Plant
The Grant Plant is deeply concerned about our nonprofit community as we all navigate new challenges in response to the COVID-19 outbreak. This webpage is meant to provide grant-related resources for New Mexico nonprofits. We will continue to update this as resources and information become available. If you have a resource to add, please email us. For more information click here.
Restaurant Workers Community Foundation COVID-19 Crisis Relief Fund
For more information see here.
Bartender Emergency Assistance Program
For more information see here
Edible New Mexico Local Business Listing: Register if you are still operating online!
Edible New Mexico has created a Local Provisions resource for the community where restaurants, farmers, and other food businesses can list the services they have available during the COVID-19 crisis.
If you are business that is still seeking to continue operating and selling product, via online sales and shipping, delivery, or curb-side pick-up, you can fill out this form here: https://www.ediblenm.com/shop-local-guide/
Once completed, your business and services/products provided will be listed here: https://www.ediblenm.com/support-local-guide/
If you have any challenges or questions with this process please reach out to Stephanie Cameron with edible New Mexico.
Email: [bot protected email address]
Please share with other businesses in your community.
WaFd Bank Business Line of Credit (90 days no interest)
Businesses impacted by COVID-19 virus can apply for emergency funding. Those who have seen a 10% or greater drop in revenues can apply to receive up to $200,000 on business lines of credit with 90 days interest-free. For more information see here
Independent Restaurant Coalition (IRC)
The IRC was created by an independent group of chefs including the collaborators below and organizations with the intent to save the local restaurants affected by COVID-19. IRC is founded on the simple belief that there is power to affect legislative change if we unite our voice. To get involved visit here.
Resources for Artist
Resources for Film Workers
This fund helps entertainment industry workers of many kinds and provides counseling, economic assistance for mortgages, rent, utilities, medical costs, and other necessities on a case-by-case basis.
This foundation covers members who are in an emergency financial crisis related to COVID-19 and offers assistance for expenses such as rent, utilities, and medical bills.
This fund is for professional performing arts and entertainment professionals.
PNM Utility Assistance
PNM has suspended electric service disconnections for nonpayment residential and business customers, until further notice. Late fees will be waived for residential and business customers, effective immediately, until further notice. Collection and credit reporting for nonpayment have been suspended. Those recently disconnected for nonpayment will have their power restored without being assessed a reconnection fee.
For more information see here.
PNM Good Neighbor Fund
PNM will help pay electric bills for New Mexico customers who now finds their household suddenly falls into a low-income status after their employer cut their hours or closed the doors due to COVID-19. The PNM Good Neighbor Fund is now paying up to one-hundred-fifty dollars toward PNM electric bills for low-income families through April 30. Access this resource by calling the PNM Good Neighbor Fund provider at 505-967-8045.
For more information see here.
NM Gas Company
No customer’s service will be disconnected for non-payment while the Governor’s Emergency Order in New Mexico remains in effect.
Late fees are being waived through at least June 30, 2020, to allow customers time to adjust how they pay us following the closure of our 22 walk-in offices.
For more information please see here.