Primary Care Capital Fund
Forecasted
The Primary Care Capital Fund from the New Mexico Finance Authority supports rural and underserved clinics with loans for facility, equipment, and service improvements to strengthen healthcare access.
Funder: New Mexico Finance Authority
Due Dates: Rolling (subject to fund availability)
Funding Amounts: Historically up to ~$2M per loan; 2% fixed interest; 5–20 year terms (capital), 2-year terms (operating); currently no new funds available.
Summary: Provides low-interest loans for capital and operating needs to nonprofit clinics in rural and underserved New Mexico communities.
Key Information: As of FY2025, new loans are paused due to lack of capital—check program page for future funding cycles.
Description
The Primary Care Capital Fund (PCCF) is a loan program administered by the New Mexico Finance Authority (NMFA) in partnership with the New Mexico Department of Health. The fund supports nonprofit primary care clinics, school-based health centers, telehealth sites, hospices, and clinics owned by counties or municipalities, all serving rural and medically underserved areas of New Mexico. Loans can be used for facility acquisition, construction, renovation, equipment purchases, and operating capital (including staff wages and short-term obligations). The program aims to expand access to essential healthcare services in communities where care is limited or unavailable.
