Private Label Select | Taos, NM
The funding fills a unique niche in that it supports technology-based and manufacturing companies that lack collateral for debt financing and are not ready for Angel or Venture Capital funding.
The call for VAF applications goes out once a year, typically in February, and the application submittal deadline is in March. Maximum funding amounts, eligibility requirements, and terms and conditions are subject to change each year.
VAF applicants and awardees receive assistance from a variety of business expansion and retention programs including New Mexico Small Business Assistance Program (NMSBA), Los Alamos National Laboratory (LANL) and the Regional Development Corporation (RDC).