The U.S. Small Business Administration expects to open the Restaurant Revitalization Fund in early April for applications from restaurants and bars owned by women, veterans, and socially or economically disadvantaged people. The SBA also confirmed that restaurants do NOT need to register with SAM.gov or obtain a DUNS number, as was previously reported by multiple news outlets.
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It’s Official: PPP Extended to May 31, 2021
Businesses, nonprofit organizations, self-employed, and sole proprietors have until mid-May to apply for a first or second draw PPP loan. The program has been extended to May 31; however, because participating lenders need time to process applications, potential borrowers should apply by May 15.
Continue readingTechnical Assistance Available to Small Communities and Urban Neighborhoods
The New Mexico MainStreet program, a division of the New Mexico Economic Development Department, is accepting applications for technical and organizational assistance for new community development projects. Rural and Native American Communities with less than 15,000 in population are encouraged to apply for assistance under the Frontier & Native American Communities Program. Urban neighborhood commercial corridors in cities with a population of more than 50,000 are encouraged to apply through the Urban Neighborhood Commercial Corridor Program.
Continue readingMicro-Grant Fund Accepting Applications from Northern New Mexico Businesses
The Regional Development Corporation, which serves the counties of Santa Fe, Sandoval, San Miguel, Mora, Los Alamos, Rio Arriba, and Taos, will begin accepting Micro-Grant applications on April 1 from small businesses in its service area. The RDC Micro-Grant Program awards grants of $500 to $2,000 on a competitive basis from businesses that have an immediate need for money to diversify, sustain or grow revenue, leverage other investments, and/or put systems in place that will lead to growth and create job opportunities.
Continue readingRCAC
RCAC is a financial resource for rural communities and businesses that need capital and technical assistance.
Continue readingRegional Engagement Challenge Seeks Proposals
Nonprofit organizations with an idea to help build the New Mexico technology ecosystem are invited to submit a proposal for funding support of up to $10,000 from the Feynman Center for Innovation at Los Alamos National Laboratory.
Continue readingNM Restaurants Can Take GRT Deduction Now
Senate Bill 1, passed by the New Mexico Legislature and signed into law by Gov. Michelle Lujan Grisham, allows New Mexico restaurants to take a Gross Receipts Tax deduction for sales of prepared food and drinks made after March 1, 2021 and before July 1, 2021. Restaurants can take the deduction immediately.
Continue readingApplications Close Soon for Art Grant Program
The Fulcrum Fund, managed by 516 Arts in Albuquerque, is offering grants to pandemic-impacted visual artists and art spaces in New Mexico. Applications will be accepted through April 2.
Continue readingGlobal Marketplace Offers Opportunity for Growth
According to the U.S. Small Business Administration’s Office of International Trade, U.S. businesses have a competitive advantage for producing high-quality, innovative goods and services; and advancements in e-commerce and logistics that have lowered the cost of doing business overseas make this an opportune time to export American-made goods.
Continue readingSBA Extends Payment Deferment Periods
Business owners with SBA disaster loans will have a little more time before they have to start making payments. The U.S. Small Business Administration announced it is extending deferment periods for all disaster loans, including the COVID-19 Economic Injury Disaster Loan (EIDL) program, until 2022. (Scroll down to see the March 24 update about increased loan limits!)
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