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County9th of 30 in New Mexico by approvalsFIPS 35027
SBA loans in Lincoln 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.
Businesses in Lincoln County, New Mexico, received 36 SBA loan approvals worth $15.8M in FY2021 to FY2025 (34 7(a), 2 504).
That is 51.8 approvals per 1,000 business establishments (695 establishments in 2023), above the New Mexico figure of 32.4 and above the national 41.0.
It ranks 9th of 30 New Mexico counties with approvals. In FY2025 there were 7.
13 lenders had approvals here; the most active were First Savings Bank (21), Capital Certified Development Corporation (3) and Western Commerce Bank (2). The most common industry was traveler accommodation.
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 Lincoln County
By number of approvals to businesses in the county, FY2021–FY2025; 13 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | First Savings BankBeresford, SD | 21 | $4.3M | 58.3% | |
| 2 | Capital Certified Development CorporationAustin, TX | 3 | $877K | 8.3% | |
| 3 | Western Commerce BankCarlsbad, NM | 2 | — | 5.6% | |
| 4 | America First Federal Credit UnionRiverdale, UT | 1 | — | 2.8% | |
| 5 | Open BankLos Angeles, CA | 1 | — | 2.8% | |
| 6 | First Financial BankEl Dorado, AR | 1 | — | 2.8% | |
| 7 | First National BankAlamogordo, NM | 1 | — | 2.8% | |
| 8 | Live Oak Banking CompanyWilmington, NC | 1 | — | 2.8% | |
| 9 | Capital Certified Development CorporationAustin, TX · CDC | 1 | — | 2.8% | |
| 10 | Enchantment Land Certified Development CompanyAlbuquerque, NM · CDC | 1 | — | 2.8% | |
| 11 | First American BankArtesia, NM | 1 | — | 2.8% | |
| 12 | U.S. Bank, National AssociationCincinnati, OH | 1 | — | 2.8% | |
| 13 | Wells Fargo Bank National AssociationSioux Falls, SD | 1 | — | 2.8% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 4 | 11.1% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 4 | 11.1% | |
| 3 | Other Personal ServicesNAICS 8129 | 3 | 8.3% | |
| 4 | Nonresidential Building ConstructionNAICS 2362 | 3 | 8.3% | |
| 5 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 5.6% | |
| 6 | School and Employee Bus TransportationNAICS 4854 | 2 | 5.6% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 5.6% | |
| 8 | Office Supplies, Stationery, and Gift RetailersNAICS 4594 | 1 | 2.8% | |
| 9 | RV (Recreational Vehicle) Parks and Recreational CampsNAICS 7212 | 1 | 2.8% | |
| 10 | Furniture StoresNAICS 4421 | 1 | 2.8% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 11 | 30.6% | |
| 2 | Construction | 8 | 22.2% | |
| 3 | Other Services (except Public Administration) | 5 | 13.9% | |
| 4 | Retail Trade | 4 | 11.1% | |
| 5 | Administrative and Support and Waste Management and Remediation Services | 2 | 5.6% | |
| 6 | Transportation and Warehousing | 2 | 5.6% | |
| 7 | Arts, Entertainment, and Recreation | 1 | 2.8% | |
| 8 | Professional, Scientific, and Technical Services | 1 | 2.8% |
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* | 2 | — | — | 1 | — | 3 | 12 |
| FY2025 | 6 | $1.2M | $189K | 1 | — | 7 | 118 |
| FY2024 | 5 | $5.5M | $200K | 0 | — | 5 | 23 |
| FY2023 | 4 | $3.5M | $949K | 0 | — | 4 | 36 |
| FY2022 | 9 | $3.2M | $244K | 1 | — | 10 | 119 |
| FY2021 | 10 | $2.0M | $146K | 0 | — | 10 | 47 |
| FY2020 | 5 | $2.1M | $175K | 0 | — | 5 | 45 |
| FY2019 | 1 | — | — | 2 | — | 3 | 5 |
| FY2018 | 2 | — | — | 2 | — | 4 | 33 |
| FY2017 | 2 | — | — | 0 | — | 2 | 9 |
| FY2016 | 3 | $323K | $49K | 1 | — | 4 | 26 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 18 approvals.
Against New Mexico and the country
| FY2021–FY2025 | Lincoln County | New Mexico | United States |
|---|---|---|---|
| Approvals | 36 | 1,453 | 342,825 |
| Approvals per 1,000 establishments | 51.8 | 32.4 | 41.0 |
| Median 7(a) approval | $200K | $250K | $190K |
| Median 504 approval | — | $485K | $657K |
| Average approval | $440K | $638K | $573K |
| 504 share of approvals | 5.6% | 12.0% | 11.0% |
| Jobs supported per approval, as reported | 9.5 | 11.9 | 10.5 |
| Share of state approvals | 2.5% | 100.0% | — |
Approval sizes
- $50,000 or less16.7%6
- $50,001 to $150,00022.2%8
- $150,001 to $350,00036.1%13
- $350,001 to $1 million13.9%5
- $1 million to $2 million8.3%3
- Over $2 million2.8%1
Age of the businesses
- Existing, more than 2 years old30.6%11
- New business, 2 years or less30.6%11
- Startup, loan funds will open the business19.4%7
- Change of ownership19.4%7
Questions and answers
Which lenders make the most SBA loans in Lincoln County?
By approvals in FY2021 to FY2025: First Savings Bank (21), Capital Certified Development Corporation (3), Western Commerce Bank (2), America First Federal Credit Union (1), Open Bank (1). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Lincoln County?
The median 7(a) approval was $200K; the New Mexico 7(a) median was $250K.
Which industries get the most SBA loans in Lincoln County?
Traveler Accommodation (4); Restaurants and Other Eating Places (4); Other Personal Services (3); Nonresidential Building Construction (3); Foundation, Structure, and Building Exterior Contractors (2).
Is SBA lending in Lincoln County rising?
Approvals in the three latest complete fiscal years total 16, against 25 in the three before: falling (-36%).
How does Lincoln County compare with the rest of New Mexico?
51.8 approvals per 1,000 establishments against 32.4 statewide, and 36 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