ELCDC Exists to provide the keys to New Mexico's job growth -- competitive, long term loans with low down payments to finance assets such as buildings, land and machinery. The ELCDC currently accomplishes this objective by operating as a private not-for-profit membership organization which works with the United States Small Business Administration (SBA) and local banks to provide SBA 504 loans that can be used for plant acquisition, construction, renovation or expansion, site improvements, acquisition of equipment, interest on interim financing and soft costs essential to the project.

Since inception in 1992, ELCDC has approved over $275 million dollars in business financing projects around the state. When leveraged with first mortgage lender financing and the borrower equity contribution, ELCDC has supported almost $800 Million in economic development financing throughout the State of New Mexico. These projects have resulted in the creation and/or retention of 10,602 jobs for the people of the State of New Mexico..    

 

ELCDC is consistently among one of the top SBA-504 lenders in the nation. We are currently the number one producing CDC in Region 6, which includes New Mexico, Texas, Oklahoma, Louisiana, and Arkansas.

ELCDC maintains close ties with our banking partners around the state and participates with the National Association of Development Companies (NADCO) in the development of the CDC industry countrywide. Our NADCO participation allows us to be on top of the latest thinking affecting the industry.

ELCDC Personnel

ELCDC Board

Form 990 – A copy of the most recently filed IRS Form 990 is available by sending a written request to: Executive Director, ELCDC, 625 Silver SW, Suite 195, Albuquerque, NM 87102. 

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Photo "Cabazon Sunset" by Edward Hughes and Dr. Helen E. Hughes. Website materials © 2008 ELCDC. All rights reserved.