Child Care Facility Revolving Loan Fund
Child Care Facility Revolving Loan Fund supports New Mexico child care providers with loans for facilities and related operating capital to expand access to quality care, especially in underserved communities.
Funder: New Mexico Finance Authority
Due Dates: October 31, 2026 (Application deadline) | October 15, October 22, and October 26, 2026 (Office hours) | October 17, 2026 (WESST support session)
Funding Amounts: Loans of $100,000–$2.5 million at 2% fixed annual interest; facility repayment up to 20 years
Summary: Low-interest loans support New Mexico child care facility improvements, new facilities, and operating capital to expand access to quality care.
Key Information: Borrowers must contribute at least 10% of project costs and hold ECECD licensure in good standing or a provisional loan license.
Description
The Child Care Facility Revolving Loan Fund is a partnership between the New Mexico Finance Authority (NMFA) and the New Mexico Early Childhood Education and Care Department (ECECD). It provides affordable, long-term financing to increase access to quality child care throughout New Mexico, particularly in underserved communities, and support healthy and safe teaching environments.
Loans support acquisition, renovation, repair, expansion, construction, and equipping of child care facilities, alongside operating capital related to facility creation or expansion. Projects creating more care in underserved communities, particularly infant and toddler slots, are encouraged. ECECD determines eligibility and project priorities, while NMFA underwrites and administers approved loans. An optional Contract for Services offers partial loan abatement to qualifying providers that expand care and serve families receiving child care assistance.
