The place to start and grow your business

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 on the Business Consulting button below.  For a list of our online scheduled training, please click on the Business Training button below.  To support our clients, WESST will be suspending client consulting and training fees to through the end of December.



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 clicking on the Business Consulting button above or by completing the WESST Small Business Loan Inquiry.



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.

Additional Financial Assistance and Grants

  • New! – City of Albuquerque Small Business Economic Relief Grant – The City of Albuquerque Economic Development Department will begin administering economic relief to local small businesses and locally owned franchisees affected by the pandemic through a $10 million Small Business Economic Relief Grant program, provided by a City Council appropriation through the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act.  One-time grants up to an aggregate amount of $10,000 will be available to small businesses and locally owned franchisees within city limits starting Monday, October 26th 2020 at 10:00 am. 
  • New! – Cares Rental and Utility Assistance Grants – Bernalillo County commissioners have approved the opening of the Bernalillo County CARES (Coronavirus Aid, Relief, and Economic Security) Act Rental and Utility Assistance grant for qualified county residents.  The county has identified $1 million in emergency relief monies to assist residents who are experiencing hardships due to the coronavirus (COVID-19) pandemic and who are delinquent in their rents or utility payments.  Through this program, the county is offering up to $5,000 to qualifying residential renters located within Bernalillo County.  The application process begins Wednesday, Oct. 14 at 8 a.m. and runs through Dec 5.
  • New! – Business and Industry (B&I) CARES Act Program – USDA is making available up to $1 billion in loan guarantees to help rural businesses meet their working capital needs during the coronavirus pandemic. Additionally, agricultural producers that are not eligible for USDA Farm Service Agency loans may receive funding under USDA B&I CARES Act Program provisions included in the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Deadline: September 15, 2021, or until funds are expended.
  • New! – NMSBA Leveraged Projects – NMSBA leveraged projects allow multiple small businesses that share technical challenges to request assistance collectively for a project funded at a higher level than the limits for a single company. Leveraged projects fund lab staff time and incidental materials at a range of $40,000 to $120,000 (the sum of the assistance for which each participating company is eligible) and must be completed by December 2021.
  • New! – PNM COVID-19 Customer Relief Program – These new PNM COVID Customer Relief Programs are designed to deliver assistance for both residential and small business customers who are behind on their bill and need a hand in getting their account in better status to avoid an interruption of electric service down the road, and ultimately breathe a sigh of relief when they are facing a large past due balance.
  • New! – The Brave of Heart Fund – The Brave of Heart Fund was established to provide grants to eligible family members of frontline healthcare workers and healthcare volunteers who lose their lives because of COVID-19. The grants will provide financial support for common needs such as funeral costs, medical care, counseling, food, educational expenses for dependents, mortgage or rent payments, and immediate living expenses, as these family members manage the impact of the COVID-19 crisis and begin to move forward. Deadline: May 15, 2021.
  • New! – EDD Collateral Assistance Program (CAP) – The EDD Collateral Assistance Program is accepting applications. The CAP can pledge collateral to small businesses who have a collateral shortfall. Lenders must apply to the program.
  • New! – Grocery Worker’s Relief Fund – sponsored by Kendall-Jackson and United Way Worldwide, recognizes the essential contributions of front-line grocery workers during the COVID pandemic. Beginning on October 1st, eligible grocery workers in the United States can apply to receive up to $250 in the form of a cash card. Visit the website to apply for or donate to the fund.
  • New! – Upskilling Grants for Employers Training Their Employees Ages 50+
  • 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 reconfiguration 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.

  • Another Round of LISC Grants – Rural Relief Small Business Grants. If you are small business located specifically in a rural community, a grant application will open on in rounds: November 26 – December 2, 2020; December 29, 2020 – January 5, 2021 and January 26 – February 2, 2021

  • 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.
  • 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: October deadline – October 3, 2020.
  • 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
  • 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>>
  • 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: December 11, 2020.
  • 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.
  • 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.  
  • 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.
  • COVID Relief Resources from – The 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.
  • 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.

Resources To Stay Up To Date

Small Business Administration Resources

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.