SBA offers low interest loans to New Mexico nonprofits and Mescalero Apache Tribe

The U.S. Small Business Administration announced that private nonprofit organizations in Doña Ana, Lincoln and Otero counties, as well as the Mescalero Apache Tribe, are eligible for low interest federal disaster loans after severe storms, flooding and landslides beginning June 23.

Eligible nonprofits providing non-critical services, including community centers, schools, libraries and faith-based organizations, may apply for up to $2 million in loans to repair or replace damaged property and cover economic injury. “SBA loans help eligible private nonprofits cover both physical damage as well as economic injury after a disaster, which is crucial for their recovery,” Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience, said in an SBA news release. Applications for physical damage loans are due Oct. 15 and economic injury loan applications are due May 18, 2026.