New Mexico SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in New Mexico
Since FY2020, 143 lenders have funded 1,654 SBA loans worth $1.0B for businesses in New Mexico. Borrowers reported 18,741 jobs supported by those loans. Below is who actually writes them, how big they run, and which New Mexico businesses get funded.
Most active SBA lenders in New Mexico
Ranked by loans funded for New Mexico projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in New Mexico beats a local name that rarely writes SBA loans.
| Lender | Program | NM loans since FY2020 | Since FY2025 | Median loan | Median rate |
|---|---|---|---|---|---|
| Western Commerce Bank | 7(a) | 207 | 43 | $255K | 8% |
| Wells Fargo Bank National Association | 7(a) | 129 | 17 | $15K | 10.75% |
| Capital Certified Development Corporation | 504 (CDC) | 129 | 31 | $350K | n/a |
| U.S. Bank, National Association | 7(a) | 120 | 53 | $40K | 8.74% |
| Live Oak Banking Company | 7(a) | 63 | 27 | $855K | 8.5% |
| BMO Bank National Association | 7(a) | 59 | 1 | $468K | 5.46% |
| Enchantment Land Certified Development Company | 504 (CDC) | 59 | 11 | $455K | n/a |
| First Savings Bank | 7(a) | 53 | 2 | $150K | 4.75% |
| Readycap Lending, LLC | 7(a) | 46 | 20 | $80K | 13.25% |
| Century Bank | 7(a) | 39 | 18 | $200K | 8.75% |
| The Huntington National Bank | 7(a) | 38 | 8 | $280K | 10.25% |
| BayFirst National Bank | 7(a) | 37 | 6 | $150K | 11.75% |
| Newtek Bank, National Association | 7(a) | 34 | 17 | $263K | 11.25% |
| Northeast Bank | 7(a) | 31 | 25 | $100K | 10.5% |
| United Midwest Savings Bank National Association | 7(a) | 28 | 12 | $275K | 10.25% |
| First American Bank | 7(a) | 27 | 3 | $296K | 6% |
| B:Side Capital | 504 (CDC) | 25 | 19 | $917K | n/a |
| DreamSpring | 7(a) | 22 | 10 | $127K | 10.99% |
| Celtic Bank Corporation | 7(a) | 22 | 14 | $150K | 9.5% |
| The Bank of Clovis | 7(a) | 20 | 4 | $282K | 6% |
| UMB Bank, National Association | 7(a) | 19 | 1 | $300K | 6.25% |
| Zions Bank | 7(a) | 19 | 11 | $100K | 9.5% |
| Sunflower Bank National Association | 7(a) | 18 | 1 | $448K | 4.75% |
| Enterprise Bank & Trust | 7(a) | 16 | 5 | $421K | 8.25% |
| PNC Bank, National Association | 7(a) | 15 | 2 | $250K | 9% |
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big New Mexico SBA loans run
Share of New Mexico 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | NM | US |
|---|---|---|
| Under $150K | 36.5% | 40.4% |
| $150K to $500K | 33.1% | 31.9% |
| $500K to $1M | 13.5% | 12.9% |
| $1M and up | 17% | 14.9% |
Who gets funded in New Mexico
Business age on New Mexico 7(a) loans. 11.7% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | NM | US |
|---|---|---|
| Established, more than 2 years | 50.4% | 55.2% |
| New, 2 years or less | 22% | 16.9% |
| Startup, loan opens the business | 15.9% | 16.8% |
| Change of ownership (buying a business) | 11.7% | 11.1% |
Industries New Mexico SBA lenders fund most
Share of all New Mexico SBA loans by industry, and how that compares with the national mix.
| Industry | NM loans | Share | Compared with US |
|---|---|---|---|
| Restaurants and hotels | 271 | 16.4% | 1.3x the national share |
| Retail | 197 | 11.9% | in line with national |
| Construction | 194 | 11.7% | in line with national |
| Healthcare | 177 | 10.7% | in line with national |
| Personal and repair services | 156 | 9.4% | in line with national |
| Professional services | 139 | 8.4% | in line with national |
| Manufacturing | 117 | 7.1% | in line with national |
| Transportation and trucking | 73 | 4.4% | 0.8x the national share |
The most common specific business types funded in New Mexico: hotels (except casino hotels) and motels (112), full-service restaurants (56), support activities for oil and gas operations (55), limited-service restaurants (37), plumbing, heating, and air-conditioning contractors (32), electrical contractors and other wiring installation contractors (27).
Where in New Mexico the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| Bernalillo | 641 | 39% |
| Santa Fe | 171 | 10% |
| Dona Ana | 122 | 7% |
| Eddy | 102 | 6% |
| Lea | 90 | 5% |
| San Juan | 85 | 5% |
| Sandoval | 80 | 5% |
| Curry | 45 | 3% |
7(a) or 504 in New Mexico
13% of New Mexico SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $472K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in New Mexico:
- Capital Certified Development Corporation: 112 504 loans, median $387K
- Enchantment Land Certified Development Company: 59 504 loans, median $455K
- B:Side Capital: 25 504 loans, median $917K
New Mexico SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 177 | 30 | $112M |
| FY2021 | 233 | 39 | $191M |
| FY2022 | 188 | 39 | $142M |
| FY2023 | 195 | 24 | $139M |
| FY2024 | 236 | 22 | $140M |
| FY2025 | 271 | 32 | $197M |
| FY2026 (through June 30, 2026) | 145 | 23 | $89M |
The SBA fiscal year runs October through September.
Common questions
Who is the most active SBA lender in New Mexico?
By funded loans since FY2020, Western Commerce Bank leads New Mexico with 207 loans.
How big is a typical SBA loan in New Mexico?
The median 7(a) loan in New Mexico is $245K, and the middle half runs from $70K to $639K. The median 504 loan is $472K. Nationally the 7(a) median is $200K.
What interest rate do New Mexico SBA borrowers get?
The median starting rate on New Mexico 7(a) loans since FY2020 is 8.62%, against 9.25% nationally. 78% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in New Mexico?
Yes. 38% of New Mexico 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in New Mexico. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.