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Santa Fe Small Business Development Loan Fund Candida Berry, The Framing Co.
"The Loan Fund was exceptionally helpful from our first telephone call through the loan closing. The process was fast and easy."

Candida Berry, The Framing Co.

What is the Santa Fe Small Business Development Loan Fund?

The Santa Fe Small Business Development Loan Fund (SFSBDLF) provides loans, business training and consulting to entrepreneurs and small businesses that have difficulty in securing traditional commercial credit.

The purpose of the program is to encourage small business development in Santa Fe to create or retain jobs for low- to moderate-income persons.

Who Can Borrow from the SFSBDLF?

  • For-profit small businesses, including corporations, partnerships and sole proprietorships
  • For-profit corporations that are wholly-owned subsidiaries of nonprofit corporations
  • Nonprofits and cooperatives, including worker and consumer co-ops

Eligible businesses must be located within the city of Santa Fe. Loans are intended to help create or retain jobs for low- and moderate-income persons - for every $25,000 borrowed, you must create or preserve at least one job.

What Other Help is Provided to Borrowers?

We want our clients to succeed! Free, personalized pre- and post-loan business consulting and coaching is provided to our borrowers. Our services include but are not limited to:

  • Completing the application
  • Business planning
  • Financial planning and analysis
  • Marketing and promotion
  • Record keeping and accounting systems
  • Legal and tax referrals

What Can SFSBDLF Loans be Used for?

  • Equipment
  • Inventory
  • Operating capital
  • Building purchase or renovation
  • Land acquisition for immediate development

How Much Can I Borrow?

You may borrow $5,000 to $100,000 through the revolving loan fund or as a loan guarantee.

What are the Loan Terms and Repayment Plans?

We provide favorable interest rates and flexible payment schedules which are negotiated with the applicant on a case-by-case basis.

Interest Rates: 6 to 8%
Loan Terms: 1 to 10 years
Fees: 2% for loans up to $15,000;
1% for loans larger than $15,000

Do I Qualify for a Loan?

You may qualify if you:

  • Own or plan to own a small business within Santa Fe city limits
  • Have a reasonable credit history
  • Can show how your business will create or retain jobs for low- and moderate-income persons
  • Can offer acceptable collateral (for example: car title, mortgage, equipment)
  • Can demonstrate your ability to repay the loan

How Long Does it Take to get a Loan?

It will take approximately 1-3 weeks to process your request after we receive a complete loan application.

Download Loan Applications:

NOTE: The following document is required to apply. Please download and complete.

Loan Application Form Santa Fe SBDLF Application (Adobe PDF format)

Contact Information:

Mailing Address: SFSBDLF
c/o The Loan Fund
PO Box 705
Albuquerque, NM 87103
Toll Free: (866) 873-6746
Phone: (505) 243-3196

The SFSBDLF is sponsored by the City of Santa Fe Economic Development Division with funding from the U.S. Department of Housing and Urban Development.
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Last modified: September 2023