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County4th of 30 in New Mexico by approvalsFIPS 35015
SBA loans in Eddy County, New Mexico
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 87 loans to businesses in Eddy County, New Mexico, in FY2021 to FY2025, worth $43.0M: 85 under 7(a) and 2 under 504.
That is 56.1 approvals per 1,000 business establishments (1,551 establishments in 2023), above the New Mexico figure of 32.4 and above the national 41.0.
It ranks 4th of 30 New Mexico counties with approvals. In FY2025 there were 20, up 33% on FY2024.
19 lenders had approvals here; the most active were Western Commerce Bank (57), First American Bank (8) and James Polk Stone Community Bank (3). The most common industry was support activities for mining.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Eddy County
By number of approvals to businesses in the county, FY2021–FY2025; 19 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Western Commerce BankCarlsbad, NM | 57 | $23.6M | 65.5% | |
| 2 | First American BankArtesia, NM | 8 | $4.9M | 9.2% | |
| 3 | James Polk Stone Community BankPortales, NM | 3 | $2.6M | 3.4% | |
| 4 | Gulf Coast Bank and Trust CompanyNew Orleans, LA | 2 | — | 2.3% | |
| 5 | Live Oak Banking CompanyWilmington, NC | 2 | — | 2.3% | |
| 6 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 2.3% | |
| 7 | VelocitySBA, LLCIrving, TX | 1 | — | 1.1% | |
| 8 | US Eagle FCUAlbuquerque, NM | 1 | — | 1.1% | |
| 9 | Peoples BankMendenhall, MS | 1 | — | 1.1% | |
| 10 | Open BankLos Angeles, CA | 1 | — | 1.1% | |
| 11 | Newtek Bank, National AssociationMiami, FL | 1 | — | 1.1% | |
| 12 | Caprock Business Finance Corporation, Inc.Lubbock, TX · CDC | 1 | — | 1.1% | |
| 13 | Newtek Small Business Finance, Inc.Lake Success, NY | 1 | — | 1.1% | |
| 14 | Lendistry SBLC, LLCLos Angeles, CA | 1 | — | 1.1% | |
| 15 | The First National Bank of McGregor d/b/a TFNB Your Bank for LifeMcGregor, TX | 1 | — | 1.1% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Support Activities for MiningNAICS 2131 | 18 | 20.7% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 12.6% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 4 | 4.6% | |
| 4 | Traveler AccommodationNAICS 7211 | 3 | 3.4% | |
| 5 | Agriculture, Construction, and Mining Machinery ManufacturingNAICS 3331 | 3 | 3.4% | |
| 6 | General Freight TruckingNAICS 4841 | 3 | 3.4% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 3 | 3.4% | |
| 8 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 3.4% | |
| 9 | Offices of Real Estate Agents and BrokersNAICS 5312 | 3 | 3.4% | |
| 10 | Personal Care ServicesNAICS 8121 | 3 | 3.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Mining, Quarrying, and Oil and Gas Extraction | 18 | 20.7% | |
| 2 | Accommodation and Food Services | 16 | 18.4% | |
| 3 | Manufacturing | 9 | 10.3% | |
| 4 | Construction | 8 | 9.2% | |
| 5 | Other Services (except Public Administration) | 7 | 8.0% | |
| 6 | Health Care and Social Assistance | 6 | 6.9% | |
| 7 | Transportation and Warehousing | 5 | 5.7% | |
| 8 | Real Estate and Rental and Leasing | 5 | 5.7% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 15 | $4.1M | $200K | 0 | — | 15 | 235 |
| FY2025 | 20 | $11.3M | $461K | 0 | — | 20 | 362 |
| FY2024 | 13 | $6.6M | $176K | 2 | — | 15 | 407 |
| FY2023 | 21 | $8.7M | $270K | 0 | — | 21 | 407 |
| FY2022 | 18 | $10.1M | $375K | 0 | — | 18 | 332 |
| FY2021 | 13 | $5.6M | $264K | 0 | — | 13 | 142 |
| FY2020 | 9 | $7.4M | $508K | 1 | — | 10 | 192 |
| FY2019 | 14 | $6.2M | $108K | 0 | — | 14 | 143 |
| FY2018 | 9 | $1.9M | $150K | 0 | — | 9 | 96 |
| FY2017 | 18 | $4.9M | $205K | 0 | — | 18 | 350 |
| FY2016 | 14 | $2.8M | $76K | 0 | — | 14 | 97 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 65 approvals.
Against New Mexico and the country
| FY2021–FY2025 | Eddy County | New Mexico | United States |
|---|---|---|---|
| Approvals | 87 | 1,453 | 342,825 |
| Approvals per 1,000 establishments | 56.1 | 32.4 | 41.0 |
| Median 7(a) approval | $288K | $250K | $190K |
| Median 504 approval | — | $485K | $657K |
| Average approval | $494K | $638K | $573K |
| 504 share of approvals | 2.3% | 12.0% | 11.0% |
| Jobs supported per approval, as reported | 19.0 | 11.9 | 10.5 |
| Share of state approvals | 6.0% | 100.0% | — |
Approval sizes
- $50,000 or less11.5%10
- $50,001 to $150,00021.8%19
- $150,001 to $350,00027.6%24
- $350,001 to $1 million25.3%22
- $1 million to $2 million9.2%8
- Over $2 million4.6%4
Age of the businesses
- Existing, more than 2 years old44.8%39
- New business, 2 years or less20.7%18
- Startup, loan funds will open the business29.9%26
- Change of ownership4.6%4
Questions and answers
Which lenders make the most SBA loans in Eddy County?
By approvals in FY2021 to FY2025: Western Commerce Bank (57), First American Bank (8), James Polk Stone Community Bank (3), Gulf Coast Bank and Trust Company (2), Live Oak Banking Company (2). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Eddy County?
The median 7(a) approval was $288K; the New Mexico 7(a) median was $250K.
Which industries get the most SBA loans in Eddy County?
Support Activities for Mining (18); Restaurants and Other Eating Places (11); Offices of Other Health Practitioners (4); Traveler Accommodation (3); Agriculture, Construction, and Mining Machinery Manufacturing (3).
Is SBA lending in Eddy County rising?
Approvals in the three latest complete fiscal years total 56, against 41 in the three before: rising (+37%).
How does Eddy County compare with the rest of New Mexico?
56.1 approvals per 1,000 establishments against 32.4 statewide, and 87 of the state's 1,453 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error