The Loan Fund

Mailing Address: PO Box 705, Albuquerque, NM 87103
County of Location: Bernalillo
Phone: (505) 243-3196
[email protected]
Website: http://www.loanfund.org
NTEE Code: J- Employment, Job Related, S- Community Improvement, Capacity Building
Mission Statement:

The Loan Fund provides loans and assistance to improve the economic and social conditions of New Mexicans.

Primary Programs:

The Loan Fund is New Mexico's largest alternative lender. The Loan Fund provides loans from $5,000 to $500,000, as well as technical assistance to small businesses, startups, and nonprofit organizations across the state of New Mexico that are unable to receive funding from traditional lending sources.

The Loan Fund was founded in 1989 by the New Mexico Conference of Churches to help alleviate poverty across the state.The Loan Fund made its first six loans in 1990. Of those 6 businesses, 5 are still in operation today. Overall, The Loan Fund has made over $46 million in loans that have created or preserved over 6,400 jobs.

The Loan Fund celebrates the success of small business owners and entrepreneurs in achieving their dreams!

Populations Served: African-American, Asian-American, Disabled, Elderly, Families, Gay, Lesbian, Bisexual, Transgender, Immigrants, Latino/Hispanic, Low Income, Men and Boys, Native American, Rural, Urban, Veterans, Women and Girls
Counties Served: Statewide
Year Founded:

1989

Annual Budget: $1,000,000 - $4,999,999
Personnel: 6 to 9 FTE
Executive Director:

F. Leroy Pacheco
Accepts inquiries: Accepts inquiries about volunteering, Accepts inquiries about board member positions
Nonprofit Status: Has 501(c)(3) nonprofit status from the IRS

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