Lenders › Enchantment Land Certified Development Company
504 CDCAlbuquerque, New Mexicocertified development company103rd of 182 by approvals
Enchantment Land Certified Development Company
SBA 504 loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
Enchantment Land Certified Development Company, based in Albuquerque, New Mexico, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 60 of its 504 loans worth $44.5M in FY2021 to FY2025, which places it 103rd of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 9 approvals totalling $9.1M. FY2026 to 30 Jun 2026 adds 3 more.
The median approval was $490K, against $657K for the 504 program as a whole; 5.0% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 3 states and territories and 15 counties, led by New Mexico (85.0%), Texas (13.3%) and Arizona (1.7%). The largest industry group was retail trade at 20.0% of approvals, and 8.3% of approvals were to franchise businesses.
Of 261 disbursed loans approved in FY2010 to FY2021, SBA records 4 as charged off (1.5%), 139 as paid in full and 118 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 3 | $5.8M | $179K | $1.9M | 54 |
| FY2025 | 9 | $9.1M | $504K | $1.0M | 97 |
| FY2024 | 5 | $3.6M | $415K | $725K | 67 |
| FY2023 | 7 | $5.6M | $495K | $799K | 108 |
| FY2022 | 18 | $11.9M | $524K | $661K | 192 |
| FY2021 | 21 | $14.3M | $458K | $682K | 142 |
| FY2020 | 11 | $4.5M | $276K | $407K | 56 |
| FY2019 | 15 | $14.9M | $793K | $996K | 523 |
| FY2018 | 18 | $12.6M | $603K | $701K | 128 |
| FY2017 | 11 | $5.9M | $341K | $533K | 41 |
| FY2016 | 18 | $16.1M | $573K | $893K | 99 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 73 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | New Mexico | 504 program |
|---|---|---|---|
| Approvals in these years | 299 | 456 | 85,591 |
| Cancelled or never disbursed | 38 | 68 | 12,514 |
| Disbursed loans | 261 | 388 | 73,077 |
| Paid in full | 139 | 192 | 35,491 |
| Charged off | 4 | 4 | 905 |
| Still outstanding (status exempt from disclosure) | 118 | 192 | 36,681 |
| Charged off, share of disbursed loans | 1.5% | 1.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.6% | 0.5% | 0.9% |
| Dollars charged off | $902K | $1.1M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 19 | 3 | 0 | — | 0.1% |
| FY2020 | 9 | 1 | 0 | — | 0.1% |
| FY2019 | 15 | 4 | 0 | — | 0.3% |
| FY2018 | 15 | 4 | 0 | — | 0.4% |
| FY2017 | 9 | 4 | 0 | — | 0.8% |
| FY2016 | 16 | 8 | 0 | — | 1.0% |
| FY2015 | 7 | 3 | 0 | — | 1.2% |
| FY2014 | 24 | 18 | 0 | — | 1.3% |
| FY2013 | 32 | 19 | 0 | 0.0% | 1.4% |
| FY2012 | 52 | 30 | 1 | 1.9% | 2.0% |
| FY2011 | 45 | 32 | 2 | 4.4% | 2.1% |
| FY2010 | 18 | 13 | 1 | — | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $490K | $657K |
| Average approval | $742K | $1.0M |
| Approvals of $150,000 or less | 5.0% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 15.0% | 14.4% |
| Approvals to franchise businesses | 8.3% | 9.0% |
| Jobs supported per approval, as reported | 10.1 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 1.5% | 1.2% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New Mexico | 51 | $33.4M | 85.0% | |
| 2 | Texas | 8 | $9.1M | 13.3% | |
| 3 | Arizona | 1 | — | 1.7% |
In New Mexico the lender accounts for 29.1% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (15 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Bernalillo County, NM | 30 | $21.4M | 50.0% | |
| 2 | El Paso County, TX | 8 | $9.1M | 13.3% | |
| 3 | Doña Ana County, NM | 6 | $5.1M | 10.0% | |
| 4 | Taos County, NM | 3 | $889K | 5.0% | |
| 5 | McKinley County, NM | 2 | — | 3.3% | |
| 6 | Santa Fe County, NM | 2 | — | 3.3% | |
| 7 | Mohave County, AZ | 1 | — | 1.7% | |
| 8 | Luna County, NM | 1 | — | 1.7% | |
| 9 | Los Alamos County, NM | 1 | — | 1.7% | |
| 10 | Chaves County, NM | 1 | — | 1.7% | |
| 11 | San Juan County, NM | 1 | — | 1.7% | |
| 12 | Grant County, NM | 1 | — | 1.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 12 | 20.0% | |
| 2 | Health Care and Social Assistance | 9 | 15.0% | |
| 3 | Accommodation and Food Services | 8 | 13.3% | |
| 4 | Manufacturing | 7 | 11.7% | |
| 5 | Professional, Scientific, and Technical Services | 7 | 11.7% | |
| 6 | Other Services (except Public Administration) | 5 | 8.3% | |
| 7 | Transportation and Warehousing | 4 | 6.7% | |
| 8 | Arts, Entertainment, and Recreation | 3 | 5.0% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Traveler AccommodationNAICS 7211 | 5 | 8.3% | |
| 2 | Legal ServicesNAICS 5411 | 4 | 6.7% | |
| 3 | Warehousing and StorageNAICS 4931 | 3 | 5.0% | |
| 4 | Other Food ManufacturingNAICS 3119 | 3 | 5.0% | |
| 5 | Beverage ManufacturingNAICS 3121 | 3 | 5.0% | |
| 6 | Personal Care ServicesNAICS 8121 | 3 | 5.0% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 2 | 3.3% | |
| 8 | Offices of Other Health PractitionersNAICS 6213 | 2 | 3.3% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 2 | 3.3% | |
| 10 | Offices of PhysiciansNAICS 6211 | 2 | 3.3% |
Approval sizes
- $50,001 to $150,0005.0%3
- $150,001 to $350,00030.0%18
- $350,001 to $1 million41.7%25
- $1 million to $2 million16.7%10
- Over $2 million6.7%4
Loan terms
- Over 5 to 10 years1.7%1
- Over 10 to 20 years15.0%9
- Over 20 years83.3%50
Age of the businesses
- Existing, more than 2 years old83.3%50
- New business, 2 years or less6.7%4
- Startup, loan funds will open the business8.3%5
- Change of ownership1.7%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 41 | 68.3% | |
| 2 | 504 Refinancing Program | 9 | 15.0% | |
| 3 | 504 Basic | 5 | 8.3% | |
| 4 | ALP Express | 5 | 8.3% |
Franchise share
5 of 60 approvals in FY2021–FY2025 (8.3%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Comfort Suites by Choice Hotels | 1 | 1.7% | |
| 2 | FYZICAL Therapy & Balance Centers | 1 | 1.7% | |
| 3 | Do it Best | 1 | 1.7% | |
| 4 | Polaris | 1 | 1.7% | |
| 5 | Kampgrounds of America | 1 | 1.7% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | Main Bank | 17 | 28.3% | |
| 2 | Century Bank | 5 | 8.3% |
Questions and answers
How many SBA loans does Enchantment Land Certified Development Company make?
SBA approved 9 504 loans through Enchantment Land Certified Development Company in FY2025, worth $9.1M, and 60 over FY2021 to FY2025. That ranks 103rd of 182 active CDCs by number of approvals.
How large are Enchantment Land Certified Development Company's typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $490K and the average $742K. The program-wide median was $657K.
What is Enchantment Land Certified Development Company's charge-off rate?
Of 261 disbursed loans approved in FY2010 to FY2021, SBA records 4 as charged off (1.5%), 139 as paid in full and 118 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Enchantment Land Certified Development Company lend to most?
By number of approvals in FY2021 to FY2025: traveler accommodation (5); legal services (4); warehousing and storage (3); other food manufacturing (3).
Where does Enchantment Land Certified Development Company make SBA loans?
In 3 states and territories. New Mexico 51, Texas 8, Arizona 1. In New Mexico it accounts for 29.1% of all 504 approvals.
Is Enchantment Land Certified Development Company's SBA lending rising?
Approvals in the three latest complete fiscal years total 21, against 50 in the three before: falling (-58%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error