The Loan Fund, a nonprofit CDFI, has awarded 67 loans since January 2020, forty-four of which have gone to minority-owned businesses. In its 31 years, the organization has made over $100 million in loans to New Mexico small businesses, entrepreneurs, and nonprofits that were typically unable to obtain financing through traditional lending sources. Those loans and lines of credit have helped create more than 11,500 jobs across the state. 

With loans varying from $2,000 to more than $800,000 and the average loan at $87,000, The Loan Fund has helped small business and nonprofits across the state stay afloat during the global pandemic.