The Loan Fund Doubles Small-Business Lending in 2009

In a year characterized by tightness in small-business lending, The Loan Fund set new records for number and volume of small-business loans in 2009.

The Loan Fund recently marked its 20^th year of financing and supporting entrepreneurs throughout New Mexico by making $6.4 million in small-business loans, compared to $3.3 million in 2008.

Over the past 20 years, The Loan Fund has made loans totaling $34.5 million to nearly 1,000 businesses.