Source

Percent of Project

Lien Position

Project $ Amount

Interest Rate

Term: Real Estate

Term: Machinery & Equipment

Private Lender

50%

1st

No limit

Market

10 years or longer

7 years or longer

ELCDC

40%**

2nd

$50,000 to $1.3 million

Fixed

20 years

10 years

Business Owner

10%**

** In the case of a start-up venture and/or a single purpose facility, an additional 5% owner equity position is required for either occurrence. In the event that the business is both a start-up and a single purpose facility is being financed, a total owner equity position of at least 20% would be required.

Enchantment Land Certified Development Company gives equal treatment and consideration in providing financial assistance to eligible New Mexico small businesses without regard to race, color, religion, sex, marital status, national origin, handicap or age.

Ready to unlock the door to a bigger and better business?
Contact us today at our main office in Albuquerque at (505) 843-9232 or Toll Free at (888) 282-9232.
You can also contact us at any of our other offices in Las Cruces at (575) 524-6830, Santa Fe at (505) 264-9929 or our newest office in El Paso, Texas, at (915) 497-6788