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County5th of 30 in New Mexico by approvalsFIPS 35043
SBA loans in Sandoval 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 75 loans to businesses in Sandoval County, New Mexico, in FY2021 to FY2025, worth $47.5M: 66 under 7(a) and 9 under 504.
That is 38.9 approvals per 1,000 business establishments (1,928 establishments in 2023), above the New Mexico figure of 32.4 and close to the national 41.0.
It ranks 5th of 30 New Mexico counties with approvals. In FY2025 there were 12, down 45% on FY2024.
33 lenders had approvals here; the most active were The Huntington National Bank (9), Western Commerce Bank (7) and BMO Bank National Association (6). The most common industry was building finishing contractors.
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 Sandoval County
By number of approvals to businesses in the county, FY2021–FY2025; 33 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | The Huntington National BankColumbus, OH | 9 | $4.6M | 12.0% | |
| 2 | Western Commerce BankCarlsbad, NM | 7 | $2.4M | 9.3% | |
| 3 | BMO Bank National AssociationChicago, IL | 6 | $7.4M | 8.0% | |
| 4 | Capital Certified Development CorporationAustin, TX · CDC | 6 | $5.6M | 8.0% | |
| 5 | PNC Bank, National AssociationWilmington, DE | 5 | $2.7M | 6.7% | |
| 6 | Wells Fargo Bank National AssociationSioux Falls, SD | 4 | $1.8M | 5.3% | |
| 7 | DreamSpringAlbuquerque, NM | 3 | $651K | 4.0% | |
| 8 | US Eagle FCUAlbuquerque, NM | 2 | — | 2.7% | |
| 9 | First-Citizens Bank & Trust CompanyRaleigh, NC | 2 | — | 2.7% | |
| 10 | B:Side CapitalDenver, CO · CDC | 2 | — | 2.7% | |
| 11 | Live Oak Banking CompanyWilmington, NC | 2 | — | 2.7% | |
| 12 | Newtek Small Business Finance, Inc.Lake Success, NY | 2 | — | 2.7% | |
| 13 | U.S. Bank, National AssociationCincinnati, OH | 2 | — | 2.7% | |
| 14 | BayFirst National BankSaint Petersburg, FL | 2 | — | 2.7% | |
| 15 | Colony BankFitzgerald, GA | 2 | — | 2.7% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Building Finishing ContractorsNAICS 2383 | 6 | 8.0% | |
| 2 | Offices of DentistsNAICS 6212 | 5 | 6.7% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 6.7% | |
| 4 | Offices of PhysiciansNAICS 6211 | 5 | 6.7% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 4 | 5.3% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 3 | 4.0% | |
| 7 | Services to Buildings and DwellingsNAICS 5617 | 3 | 4.0% | |
| 8 | Beverage ManufacturingNAICS 3121 | 3 | 4.0% | |
| 9 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 3 | 4.0% | |
| 10 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 4.0% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 16 | 21.3% | |
| 2 | Construction | 10 | 13.3% | |
| 3 | Retail Trade | 9 | 12.0% | |
| 4 | Accommodation and Food Services | 6 | 8.0% | |
| 5 | Professional, Scientific, and Technical Services | 6 | 8.0% | |
| 6 | Other Services (except Public Administration) | 6 | 8.0% | |
| 7 | Manufacturing | 5 | 6.7% | |
| 8 | Arts, Entertainment, and Recreation | 4 | 5.3% |
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* | 13 | $1.9M | $95K | 1 | — | 14 | 158 |
| FY2025 | 11 | $9.4M | $371K | 1 | — | 12 | 154 |
| FY2024 | 20 | $7.3M | $173K | 2 | — | 22 | 169 |
| FY2023 | 10 | $7.0M | $310K | 3 | $3.3M | 13 | 226 |
| FY2022 | 13 | $5.4M | $230K | 2 | — | 15 | 188 |
| FY2021 | 12 | $11.6M | $549K | 1 | — | 13 | 112 |
| FY2020 | 4 | $4.0M | $917K | 2 | — | 6 | 4 |
| FY2019 | 11 | $5.7M | $527K | 2 | — | 13 | 116 |
| FY2018 | 5 | $4.3M | $481K | 1 | — | 6 | 78 |
| FY2017 | 14 | $4.1M | $129K | 4 | $2.1M | 18 | 116 |
| FY2016 | 22 | $1.8M | $20K | 1 | — | 23 | 187 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 66 approvals.
Against New Mexico and the country
| FY2021–FY2025 | Sandoval County | New Mexico | United States |
|---|---|---|---|
| Approvals | 75 | 1,453 | 342,825 |
| Approvals per 1,000 establishments | 38.9 | 32.4 | 41.0 |
| Median 7(a) approval | $308K | $250K | $190K |
| Median 504 approval | $662K | $485K | $657K |
| Average approval | $633K | $638K | $573K |
| 504 share of approvals | 12.0% | 12.0% | 11.0% |
| Jobs supported per approval, as reported | 11.3 | 11.9 | 10.5 |
| Share of state approvals | 5.2% | 100.0% | — |
Approval sizes
- $50,000 or less13.3%10
- $50,001 to $150,00016.0%12
- $150,001 to $350,00028.0%21
- $350,001 to $1 million22.7%17
- $1 million to $2 million10.7%8
- Over $2 million9.3%7
Age of the businesses
- Existing, more than 2 years old46.7%35
- New business, 2 years or less22.7%17
- Startup, loan funds will open the business18.7%14
- Change of ownership12.0%9
Questions and answers
Which lenders make the most SBA loans in Sandoval County?
By approvals in FY2021 to FY2025: The Huntington National Bank (9), Western Commerce Bank (7), BMO Bank National Association (6), Capital Certified Development Corporation (6), PNC Bank, National Association (5). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Sandoval County?
The median 7(a) approval was $308K and the median 504 approval $662K; the New Mexico 7(a) median was $250K.
Which industries get the most SBA loans in Sandoval County?
Building Finishing Contractors (6); Offices of Dentists (5); Restaurants and Other Eating Places (5); Offices of Physicians (5); Offices of Other Health Practitioners (4).
Is SBA lending in Sandoval County rising?
Approvals in the three latest complete fiscal years total 47, against 34 in the three before: rising (+38%).
How does Sandoval County compare with the rest of New Mexico?
38.9 approvals per 1,000 establishments against 32.4 statewide, and 75 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