AZTEC — Businesses with 100 or fewer employees that are at least 51{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} owned by New Mexico residents are eligible to apply for Small Business CARES Relief Grants through the New Mexico Finance Authority.

The grants are also available to nonprofit organizations or 501(c) entities serving members of the U.S. Armed Forces.

This grant application opened at noon Dec. 7 and closes at noon Dec. 18. The applications will be reviewed in three funding rounds, according to a press release.

These grants can provide New Mexico small businesses that are struggling because of the pandemic with up to $50,000. The funding comes from the federal CARES Act stimulus funds. The New Mexico Legislature allocated $100 million of those funds for small business relief grants during the November special session.