Below is the latest information from the New Mexico Veterans Business Outreach Center (VBOC) and the SBA/New Mexico District Office…regarding Economic Injury Disaster Loans/Loan Advances for small-business owners.
Veteran-owned business owners can also contact VBOC Director Rich Coffel for more information:
VBOC Director Rich Coffel
(505) 383-2401 (Mr. Coffel frequently checks for messages)
To apply for a COVID-19 Economic Injury Disaster Loan, click here.
In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000.
The SBA’s Economic Injury Disaster Loan program provides small businesses with working capital loans of up to $2 million that can provide vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing. The loan advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available within three days of a successful application, and this loan advance will not have to be repaid.