FOR IMMEDIATE RELEASE: June 16, 2022
Gov. Michelle Lujan Grisham
Cabinet Secretary Alicia J. Keyes
Deputy Secretary Jon Clark
Online Tool Helps Businesses Connect with Funding
EDD launches new Business Finance Finder Tool
SANTA FE, N.M. – The New Mexico Economic Development Department (EDD) has launched an online platform to make it easier for business owners to connect with financial institutions that can fund their projects, Economic Development Cabinet Secretary Alicia J. Keyes announced today.
The online tool, called the Business Finance Finder, can be used by both business owners and financial organizations. Business owners who are seeking financing can upload basic information about a project to be matched with local lenders or other local financial organizations. They can also use the filter feature to search for lenders directly. Additionally, financial organizations can use the tool to find filtered projects and offer funding.
Searching for capital can be daunting and many small business owners do not know where to begin. The challenges can be even more pronounced for rural businesses, women-owned businesses, and businesses owned by socially and economically disadvantaged persons.
“In order to have a healthy ecosystem for our businesses to thrive, we need a level playing field to access capital. This tool can help make important connections so New Mexican business owners can focus on running and growing their businesses,” Secretary Keyes said.
EDD staff worked with MStreetX to develop the Business Finance Finder.