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COVID-19 Information and Resources for Small Businesses

In an abundance of caution, WESST has decided to suspend in-office meetings and trainings through the end of December. Business will continue as usual just over the telephone, video conference and email. You will continue to have our wonderful team of consultants at your service throughout this time. All of our contact information will remain the same.  If you would like to meet with a business consultant, please click HERE (WESST ofrece consultoría virtual es español).  For a list of our online scheduled training, please click HERE.  To support our clients, WESST will be suspending client consulting and training fees to clients through the end of December.


At WESST, we are dedicated to supporting small businesses across New Mexico. As our community responds to the global COVID-19 public health emergency, we aim to share as many resources and tools as possible for New Mexico businesses to respond to developments.

This page will be updated frequently as new resources come to our attention.


Financial Assistance

WESST team of consultants, located across New Mexico, can help you navigate the disaster loan program offerings, application process, and compliance requirements after you obtain funding.  If you need immediate assistance you can contact our office by completing the online Business Assistance Request form.  

  • Gov. Michelle Lujan Grisham and the New Mexico Department of Finance announced the names of the municipalities and counties that will receive CARES Act funding that can be offered as grants to their local businesses. Grant funds can only be used by pandemic-impacted businesses for eligible expenses that fall into two categories: Business Continuity (such as non-owner payroll; rent or mortgage; insurance; utilities; marketing) and Business Redesign (installing plexiglass barriers, temporary structures and physical space recongfiguration to mitigate the spread of the virus; purchases of PPE and web conferencing technology).  Each awarded municipality, county and regional group will announce its own application procedures that eligible businesses must follow.  >See if your business is located in an awarded municipality, county or region.

  • New!  – Another Round of LISC Grants – Round 6 application period for LISC Small Business Relief Grants opened Friday and ends Monday, Sept. 7 at 9:59 pm MDT. Grants ranging from $5,000 to $20,000 will be awarded to small businesses facing immediate financial pressure from COVID-19. Priority is given to entrepreneurs of color, women- and veteran-owned businesses, and businesses in historically under-served locations who don’t have access to flexible, affordable capital.

  • New!  – New Loan Program for Northern NM Businesses – The Working Now Revolving Loan Fund offers small, interest-deferred loans to pandemic-impacted businesses in the counties of Colfax, Los Alamos, Mora, Rio Arriba, San Miguel, Santa Fe and Taos. These are small loans of up to $10,000 aimed at businesses that are affected by the pandemic.
  • New! – Federation of State Medical Boards Foundation: COVID-19 State Response Grants – COVID-19 State Response Grants are designed to offer health care organizations funding support to study the state responses to the COVID-19 pandemic. Applicants may apply for up to $25,000 in funding support. Deadline: October 1.
  • New! The Center for Craft: Craft Futures Fund – The Craft Futures Fund will support craft communities and their creative responses to COVID-19. These one-time, unrestricted, $5,000 grants will be disbursed to craft-based education projects that seed resilience, foster community, and amplify impact. Deadline: Monthly, until October 2020.
  • New! FEMA Lost Wages Grants – Federal Emergency Management Agency (FEMA) Lost Wages Grants, funded through the Disaster Relief Fund (DRF), are available to states to provide financial assistance to individuals who have lost wages due to the COVID-19. New Mexico is among the first few states to be eligible for these grants.
  • New Mexico Finance Authority Small Business Recovery Loan Fund – The application for the Small Business Recovery Loan Fund is set to open on Wednesday, August 5 at www.nmfinance.com.
  • Economic Injury Disaster Loan (EIDL) – This loan and advance up to $10,000 will provide economic relief to businesses that are currently experiencing temporary difficulties.  Please note:  The “advance” portion of the EIDL Loan is now officially closed.  EIDL loan applications will still be processed even though the Advance is no longer available. 
  • The State of New Mexico is adjusting its business-loan guarantee programs in order to make capital more available to business owners whose operations are severely impacted by the COVID-19 health emergency. To learn more about the COVID-19 Business Loan Guarantee Program and the LEDA Zero-Percent Interest Loans click HERE>>
  • Red Backpack Fund – Are you a female entrepreneur with 1-50 employees? Apply for a $5,000 grant from the Red Backpack Fund. Applications opened June 1.
  • Small businesses that have been negatively impacted by the coronavirus crisis can sign up on GoFundMe to start a fundraiser to benefit their small business. If the business raises $500 on their GoFundMe and meets certain eligibility criteria, they may be considered to receive a $500 matching grant from the Small Business Relief Fund.
  • Coronavirus Food Assistance Program – USDA relief funding for agricultural producers who suffered losses due to the coronavirus.  Deadline: September 11, 2020.
  • Indian Community Development Block Grant – U.S. HUD is providing funds in response to COVID-19 related emergencies regarding health and safety.
  • LyftUp COVID-19 Community Grants Program – Provides organizations with delivery services for essential goods while also providing transportation for essential services for those in need.
  • Child Care Stabilization and Recovery Grant – One of the first actions by the new Early Childhood Education and Care Dept., partnering with the NM Economic Development Dept. is to provide $12 million in grants to licensed childcare providers who have been impacted by the public health emergency. The grants will cover lost income resulting from closure, response and recovery costs. This is not a first-come, first-serve grant. The expectation is to cover all eligible providers who complete an application.  Applications will be available shortly on NewMexicoKids.org. You can also call New Mexico Kids at 1-800-691-9067 to request a paper application.
  • Lowe’s LISC Partnership Grants – Thanks to a $55 million significant commitment grant from Lowe’s, LISC will provide the emergency grant assistance that small businesses desperately need to stay afloat.  The next round opening August 31st.
  • Hilary Teachout Grant – A new International Arts Movement grant will offer artists relief during the coronavirus pandemic. Named the Hilary Teachout Grants, they honor the memory of the wife of theater critic Terry Teachout; she passed away during the COVID-19 crisis due to an illness that required a double lung transplant. The grants are limited to one-time $500 payments.
  • CERF+ COVID-19 Relief Grant – CERF+ COVID-19 Relief Grant program provides financial assistance to professional artists working in craft disciplines, facing dire circumstances from the COVID-19 crisis. One-time $1,000 grants to meet urgent food, housing, or health insecurities. Upcoming Deadline: Sept. 9.
  • COVID Relief Resources from covidcap.com – The covidcap.com database contains over 1,400 listings totaling over $1 trillion in grants, debt, and other cash equivalents. The database also includes listings for non-financial support for entrepreneurs.
  • COVID-19 Student Support Recovery Grant – The School-Based Healthcare Foundation’s Student Support Recovery Grant is accepting applications to help implement school district, school-based telehealth programs, including mental health services, for children impacted by short- and long-term school closures.
  • Child Care Stabilization and Recovery Grant – The New Mexico Child Care Stabilization and Recovery Grant will provide immediate relief and support to eligible child care providers across New Mexico. The grants will cover lost income resulting from closure, response and recovery operation costs (including enhanced cleaning and sanitation), and other expenses. Applications available in English and Spanish online.
  • Beauty Relief Fund – All monetary donations will go directly to beauty professionals to provide short-term relief support for bills, groceries, or other pressing costs that can’t currently be met. Recipients will receive upwards of $150 each (depending upon current donations), in an effort to support as many beauty professionals as possible.
  • 2020 Small Grants Program – The Center for Sharing Public Health Services is offering small grants to support work on cross-jurisdictional sharing arrangements designed to advance health equity by addressing the public health response to COVID-19, social determinants of health, structural racism, or other related issues. Eligible applicants include nonprofit organizations, state or local government public health agencies and military public health departments, and American Indian and Alaska Native tribes or tribal entities. Maximum of five awards of up to $10,000. Deadline: Sept 11.

Resources To Stay Up To Date


Small Business Administration Resources

If you need assistance with filling out the application, you can work with the NM Small Business Development Centers.  (El NM SBDC traduce su sitio al español (a través de google translate) pero todos los documentos descargables todavía están en inglés).

Resources shared here include information about the Economic Injury Disaster Loan Program, Guidance for Businesses and Employers, SBA Products and Resources, Government Contracting, and Local Assistance.


City of Albuquerque Resources

The Small Business Office (SBO) is a division of the City of Albuquerque’s Economic Development Department. It is the central point of entry for Albuquerque entrepreneurs and businesses providing timely, relevant, actionable information and assistance.

This guide provides tips and resources for businesses and organizations navigating through the Coronavirus. They also include a list of small business ecosystem partners at the end – an incredible list of community providers here to support you.

The City of Albuquerque released a list of COVID-19 tips and resources for small businesses and organizations. View it HERE.

Scammers take advantage of fears about the coronavirus.  Here are some tips to keep you safe from scammers in English and Spanish.  You can also find additional information HERE.

New Mexico Department of Workforce Solutions


Additional resources:

This webinar covers financial support, unemployment, health information, and more from the state of New Mexico.  View slides from the presentation

The Wage and Hour Division provides information on common issues employers and employees face when responding to COVID-19, and its effects on wages and hours worked under the Fair Labor Standards Act (FLSA), job-protected leave under the Family and Medical Leave Act (FMLA), and paid sick leave and expanded family and medical leave under the Families First Coronavirus Response Act (FFCRA).

This website has resources, inspiration and connection to other everyday entrepreneurs with creative solutions to keep their business open, even if their doors are closed due to COVID-19.

Meow Wolf has pulled together a list of available resources for artists around the country who have been affected by the COVID-19 pandemic.