Loan fund launched to help businesses impacted by ART construction

Albuquerque Rapid Transit
Albuquerque Rapid Transit

ALBUQUERQUE, N.M. (KRQE) – Help is on the way for small businesses impacted by the Albuquerque Rapid Transit construction project.

Friday, the Central Loan Fund was launched. Right now, the loan fund has $700,000 in it donated by the McCune Foundation and other private contributors.

The money offers low-interest loans of up to $15,000 for businesses to offset losses they’ve suffered because of the construction.

“We know where the impacts are financially, not for everyone but for the few that we do know, we recognize the safety net opportunity is really going to help them. Some of them are going to look at using it to pay for payroll, rent, some folks just need help with insurance,” said Vanessa Roanhorse, Small Business Resource Collaborative.

Business owners who qualify can start applying for the loan now. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s