Small Business Grants in New Mexico
Last updated October 1, 2026
There are 6 active small business grants tagged to New Mexico, part of 1,034 active small business grants listed nationwide. Updated daily.
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| ★ | Grant |
|---|---|
| Corrective Action Fund (CAF) Environment Dept Funding · State Rolling · Varies Used to clean up and monitor leaks and spills from petroleum storage tanks in the state. Available when owners/operators are unable to fund cleanup or for old facilities no longer in use (e.g., abandoned gas stations). | |
| Brownfield Cleanup Revolving Loan Fund Environment Dept Funding · State Rolling · Varies Offers low-interest loans with favorable terms for remediating contamination at eligible brownfield sites. Funds may also be used for asbestos removal or abatement. | |
| Diesel Emissions Reduction Act (DERA) Program Environment Dept Funding · State Rolling · Varies New Mexico Clean Diesel Program designed to reduce diesel emissions from existing diesel fleets that do not meet federal emission standards. | |
| New Mexico Clean Diesel Program (Diesel Emissions Reduction Act - DERA) Environment Dept Funding · State Rolling · Varies Reduces air pollution from diesel-fueled heavy-duty trucks and buses. Funding can be used to retrofit existing vehicles with emission control devices or to replace diesel vehicles. | |
| Brownfield Clean-up Revolving Loan Fund Environment Dept Funding · State Rolling · Varies Offers low-interest loans with favorable terms for remediating contamination at eligible brownfield sites. Funds may also be used for asbestos removal or abatement. | |
| Corrective Action Fund Environment Dept Funding · State Rolling · Varies Used to clean up and monitor leaks and spills from petroleum storage tanks in the state. Available for owners/operators unable to fund cleanup or when owners are deceased and spill is at abandoned facility. |
Showing 1–6 of 6
About small business grants in New Mexico
Small business grants provide free funding you never have to repay — unlike loans. Federal agencies, state economic development offices, and private foundations offer grants for everything from startup costs to expansion, research, and hiring. Competition can be stiff, but the payoff is significant: non-dilutive capital with no interest or equity cost.
Small Business Grants in other states
Frequently Asked Questions
Are small business grants really free money?
Yes. Unlike loans, grants do not need to be repaid and unlike venture capital, they require no equity. However, most grants come with reporting requirements and must be used for the stated purpose. Some grants reimburse expenses rather than providing upfront cash.
What is the easiest small business grant to get?
Local and state-level grants tend to have less competition than federal programs. Look for community development grants from your city or county, state small business innovation programs, and foundation grants targeted at your specific industry or demographic. Micro-grants under $5,000 often have simpler applications.
Can startups apply for small business grants?
Absolutely. Many grants specifically target early-stage companies. The SBIR and STTR programs fund R&D startups, while foundations and state programs offer startup-specific grants. Some require an existing business entity, while others fund pre-revenue ventures.
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