SBA New Mexico Drought Victims Relief

Published on: Apr 11, 2025

On Apr. 9, SBA offered aid to NM small businesses, private nonprofits.

  • SBA offered disaster relief to New Mexico small businesses and private nonprofits affected by the severe winter drought that occurred beginning on Jan. 28, 2025.
  • Under the declaration, Economic injury disaster loans (EIDLS) are available to small businesses, agricultural coops, and private nonprofits in the designated areas.
  • EIDLs are for working capital and do not require borrower have physical damage.
  • Deadline
  • The deadline to return economic injury applications to the SBA is Dec. 1, 2025.
Regulators
SBA
Entity Types
CNSM; Corp
Reference
PR 21036-01, 4/9/2025
Functions
BCS; Compliance; Financial; Legal; Operations; Risk
Countries
United States of America
Category
State
N/A
Products
Corporate; Loan; Mortgage
Rule Type
Final
Regions
Am
Rule Date
Apr 9, 2025
Effective Date
Dec 1, 2025
Rule ID
250308
Linked to
N/A
Reg. Last Update
Apr 9, 2025
Report Section
US Consumer