States › New Mexico
State0.4% of US approvals133 lenders active
SBA loans in New Mexico
7(a) and 504 approvals by fiscal year, the lenders behind them, and where in the state they went. Pick a fiscal year for that year's lenders and counties.
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 New Mexico received 1,453 SBA loan approvals worth $927M in FY2021 to FY2025, 1,278 of them 7(a) loans and 175 504 loans.
That is 32.4 approvals for every 1,000 business establishments in the state, against 41.0 nationally, and 0.4% of all approvals in the country (41st of 54 states and territories).
In FY2025 there were 345 approvals totalling $221M, up 22% on FY2024. The median 7(a) approval over the five years was $250K and the median 504 approval $485K.
133 lenders had at least one approval in the state; by number of 7(a) approvals the most active were Western Commerce Bank (192), Wells Fargo Bank National Association (107) and U.S. Bank, National Association (91).
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, SBA records 5.0% as charged off, against 6.6% nationally.
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.
Most active 7(a) lenders in New Mexico
Ranked by number of approvals to businesses in the state, FY2021–FY2025. The column of bars shows each lender's approvals here in every fiscal year; the charged-off column is the lender's nationwide figure.
| # | Lender | Approvals in NM, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Western Commerce BankCarlsbad, NM | 192 | $101M | 15.0% | $270K | 1.4% | |
| 2 | Wells Fargo Bank National AssociationSioux Falls, SD | 107 | $23.0M | 8.4% | $15K | 7.9% | |
| 3 | U.S. Bank, National AssociationCincinnati, OH | 91 | $10.9M | 7.1% | $45K | 6.2% | |
| 4 | Live Oak Banking CompanyWilmington, NC | 55 | $81.9M | 4.3% | $850K | 2.2% | |
| 5 | BMO Bank National AssociationChicago, IL | 53 | $37.4M | 4.1% | $512K | 2.9% | |
| 6 | First Savings BankBeresford, SD | 46 | $9.0M | 3.6% | $211K | 3.9% | |
| 7 | The Huntington National BankColumbus, OH | 42 | $16.1M | 3.3% | $92K | 5.7% | |
| 8 | Readycap Lending, LLCBerkeley Heights, NJ | 38 | $22.7M | 3.0% | $138K | 4.3% | |
| 9 | Newtek Bank, National AssociationMiami, FL | 36 | $15.2M | 2.8% | $225K | — | |
| 10 | Northeast BankLewiston, ME | 36 | $3.7M | 2.8% | $106K | 12.8% | |
| 11 | BayFirst National BankSaint Petersburg, FL | 33 | $4.9M | 2.6% | $150K | 19.2% | |
| 12 | Century BankSanta Fe, NM | 28 | $10.1M | 2.2% | $300K | 7.7% | |
| 13 | The Bank of ClovisClovis, NM | 25 | $9.4M | 2.0% | $259K | 2.6% | |
| 14 | United Midwest Savings Bank National AssociationDe Graff, OH | 22 | $12.4M | 1.7% | $150K | 15.9% | |
| 15 | Newtek Small Business Finance, Inc.Lake Success, NY | 21 | $12.9M | 1.6% | $300K | 6.8% | |
| 16 | Enterprise Bank & TrustClayton, MO | 18 | $13.0M | 1.4% | $941K | 1.1% | |
| 17 | First American BankArtesia, NM | 18 | $8.4M | 1.4% | $483K | 5.4% | |
| 18 | PNC Bank, National AssociationWilmington, DE | 18 | $7.2M | 1.4% | $50K | 8.1% | |
| 19 | DreamSpringAlbuquerque, NM | 18 | $3.0M | 1.4% | $112K | 13.1% | |
| 20 | Zions Bank, A Division ofSalt Lake City, UT | 17 | $5.8M | 1.3% | $140K | 5.9% | |
| 21 | First Bank of the LakeOsage Beach, MO | 16 | $9.6M | 1.3% | $350K | 2.7% | |
| 22 | Sunflower Bank National AssociationDallas, TX | 14 | $15.6M | 1.1% | $495K | 3.0% | |
| 23 | Bank of the SouthwestRoswell, NM | 14 | $10.5M | 1.1% | $400K | 6.8% | |
| 24 | Capital Certified Development CorporationAustin, TX | 14 | $3.4M | 1.1% | $180K | — | |
| 25 | UMB Bank, National AssociationKansas City, MO | 13 | $5.2M | 1.0% | $356K | 5.5% | |
| 26 | Celtic Bank CorporationSalt Lake City, UT | 12 | $5.8M | 0.9% | $150K | 17.0% | |
| 27 | Open BankLos Angeles, CA | 10 | $23.7M | 0.8% | $1.1M | 1.3% | |
| 28 | First Financial BankEl Dorado, AR | 10 | $10.5M | 0.8% | $925K | 4.3% | |
| 29 | Bank of America, National AssociationCharlotte, NC | 10 | $6.6M | 0.8% | $300K | 2.6% | |
| 30 | Lendistry SBLC, LLCLos Angeles, CA | 10 | $2.2M | 0.8% | $150K | 22.7% | |
| 31 | First Southwest BankDurango, CO | 10 | $1.7M | 0.8% | $150K | 4.1% | |
| 32 | State Empl CUSanta Fe, NM | 9 | $14.3M | 0.7% | $757K | — | |
| 33 | US Eagle FCUAlbuquerque, NM | 9 | $12.5M | 0.7% | $1.9M | 3.3% | |
| 34 | First-Citizens Bank & Trust CompanyRaleigh, NC | 9 | $11.2M | 0.7% | $697K | 5.4% | |
| 35 | TowneBankPortsmouth, VA | 8 | $5.6M | 0.6% | $638K | 3.3% | |
| 36 | First National BankAlamogordo, NM | 8 | $1.8M | 0.6% | $98K | — | |
| 37 | US Metro BankGarden Grove, CA | 7 | $19.6M | 0.5% | $1.6M | 2.0% | |
| 38 | Community Banks of Colorado, A Division of NBH BankGreenwood Village, CO | 7 | $6.3M | 0.5% | $500K | 4.0% | |
| 39 | BOKF, National AssociationTulsa, OK | 6 | $7.2M | 0.5% | $523K | 3.0% | |
| 40 | Harvest Small Business Finance, LLCLaguna Hills, CA | 5 | $6.3M | 0.4% | $765K | 0.4% |
504 certified development companies
| # | Lender | Approvals in NM, FY2021–25 | Dollars | Share | Median approval, all states | FY2016–26 | Charged off, FY2010–21 loans |
|---|---|---|---|---|---|---|---|
| 1 | Capital Certified Development CorporationAustin, TX · 504 CDC | 89 | $51.9M | 50.9% | $933K | 1.3% | |
| 2 | Enchantment Land Certified Development CompanyAlbuquerque, NM · 504 CDC | 51 | $33.4M | 29.1% | $490K | 1.5% | |
| 3 | B:Side CapitalDenver, CO · 504 CDC | 21 | $23.9M | 12.0% | $590K | 1.0% | |
| 4 | Mortgage Capital Development CorporationOakland, CA · 504 CDC | 4 | $10.8M | 2.3% | $913K | 0.3% | |
| 5 | LiftFund, Inc.San Antonio, TX · 504 CDC | 3 | $2.0M | 1.7% | $934K | 2.8% | |
| 6 | Caprock Business Finance Corporation, Inc.Lubbock, TX · 504 CDC | 2 | — | 1.1% | $663K | 0.0% | |
| 7 | Arizona Capital SourceTucson, AZ · 504 CDC | 1 | — | 0.6% | $557K | 1.2% | |
| 8 | Frontier Financial Partners, Inc.Emporia, KS · 504 CDC | 1 | — | 0.6% | $666K | 4.9% | |
| 9 | Mountain West Small Business FinanceSalt Lake City, UT · 504 CDC | 1 | — | 0.6% | $684K | 0.6% | |
| 10 | Small Business Growth CorporationSpringfield, IL · 504 CDC | 1 | — | 0.6% | $609K | 1.4% | |
| 11 | Alliance Lending CorporationFort Worth, TX · 504 CDC | 1 | — | 0.6% | $746K | 0.8% |
Fiscal-year ledger
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 166 | $66.2M | $150K | 23 | $28.0M | 189 | 1,702 |
| FY2025 | 311 | $188M | $243K | 34 | $33.1M | 345 | 4,179 |
| FY2024 | 260 | $127M | $150K | 23 | $23.2M | 283 | 3,176 |
| FY2023 | 211 | $136M | $270K | 26 | $21.5M | 237 | 3,543 |
| FY2022 | 218 | $126M | $250K | 45 | $34.0M | 263 | 3,171 |
| FY2021 | 278 | $220M | $340K | 47 | $19.0M | 325 | 3,261 |
| FY2020 | 212 | $118M | $195K | 39 | $17.2M | 251 | 2,855 |
| FY2019 | 243 | $114M | $150K | 32 | $24.8M | 275 | 3,129 |
| FY2018 | 226 | $116M | $187K | 36 | $26.4M | 262 | 2,898 |
| FY2017 | 309 | $125M | $150K | 20 | $9.9M | 329 | 3,259 |
| FY2016 | 310 | $110M | $79K | 33 | $24.6M | 343 | 2,947 |
7(a) approvals504 approvals
Counties
Approvals in FY2021–FY2025 set against the Census Bureau's count of business establishments. Counties with at least 30 approvals have their own page.
| # | County | Approvals | Dollars | Establishments | Per 1,000 establishments | By fiscal year |
|---|---|---|---|---|---|---|
| 1 | Bernalillo County | 559 | $381M | 16,349 | 34.2 | |
| 2 | Santa Fe County | 138 | $90.9M | 4,976 | 27.7 | |
| 3 | Doña Ana County | 115 | $49.4M | 3,798 | 30.3 | |
| 4 | Eddy County | 87 | $43.0M | 1,551 | 56.1 | |
| 5 | Sandoval County | 75 | $47.5M | 1,928 | 38.9 | |
| 6 | Lea County | 75 | $49.7M | 1,730 | 43.4 | |
| 7 | San Juan County | 73 | $55.7M | 2,475 | 29.5 | |
| 8 | Curry County | 56 | $39.6M | 1,018 | 55.0 | |
| 9 | Lincoln County | 36 | $15.8M | 695 | 51.8 | |
| 10 | Otero County | 31 | $12.0M | 988 | 31.4 | |
| 11 | Taos County | 25 | $21.5M | 1,083 | 23.1 | |
| 12 | McKinley County | 24 | $18.4M | 940 | 25.5 | |
| 13 | Chaves County | 23 | $10.2M | 1,342 | 17.1 | |
| 14 | Valencia County | 22 | $14.4M | 962 | 22.9 | |
| 15 | Sierra County | 20 | $7.5M | 222 | 90.1 | |
| 16 | Luna County | 14 | $6.5M | 371 | 37.7 | |
| 17 | Roosevelt County | 12 | $7.0M | 330 | 36.4 | |
| 18 | Los Alamos County | 11 | $5.2M | 373 | 29.5 | |
| 19 | Torrance County | 9 | $11.3M | 205 | 43.9 | |
| 20 | Rio Arriba County | 9 | $5.0M | 541 | 16.6 | |
| 21 | Guadalupe County | 7 | $9.5M | 91 | 76.9 | |
| 22 | Cibola County | 7 | $7.3M | 288 | 24.3 | |
| 23 | San Miguel County | 6 | $6.3M | 417 | 14.4 | |
| 24 | Grant County | 6 | $1.7M | 533 | 11.3 | |
| 25 | Socorro County | 5 | $3.1M | 221 | 22.6 | |
| 26 | Colfax County | 3 | $2.1M | 372 | 8.1 | |
| 27 | Catron County | 2 | — | 74 | 27.0 | |
| 28 | Hidalgo County | 1 | — | 91 | 11.0 | |
| 29 | Quay County | 1 | — | 214 | 4.7 | |
| 30 | De Baca County | 1 | — | 49 | 20.4 |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 107 | $60.1M | 7.4% | |
| 2 | Traveler AccommodationNAICS 7211 | 98 | $225M | 6.7% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 56 | $24.5M | 3.9% | |
| 4 | Support Activities for MiningNAICS 2131 | 48 | $29.7M | 3.3% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 44 | $20.2M | 3.0% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 38 | $11.2M | 2.6% | |
| 7 | Offices of PhysiciansNAICS 6211 | 37 | $16.7M | 2.5% | |
| 8 | Other Personal ServicesNAICS 8129 | 34 | $17.9M | 2.3% | |
| 9 | Personal Care ServicesNAICS 8121 | 33 | $6.6M | 2.3% | |
| 10 | General Freight TruckingNAICS 4841 | 32 | $10.1M | 2.2% | |
| 11 | Other Amusement and Recreation IndustriesNAICS 7139 | 30 | $17.0M | 2.1% | |
| 12 | Legal ServicesNAICS 5411 | 27 | $8.9M | 1.9% | |
| 13 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 22 | $20.0M | 1.5% | |
| 14 | Offices of DentistsNAICS 6212 | 21 | $22.9M | 1.4% | |
| 15 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 21 | $9.9M | 1.4% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 231 | 15.9% | |
| 2 | Retail Trade | 170 | 11.7% | |
| 3 | Construction | 163 | 11.2% | |
| 4 | Health Care and Social Assistance | 161 | 11.1% | |
| 5 | Other Services (except Public Administration) | 132 | 9.1% | |
| 6 | Professional, Scientific, and Technical Services | 125 | 8.6% | |
| 7 | Manufacturing | 106 | 7.3% | |
| 8 | Transportation and Warehousing | 64 | 4.4% | |
| 9 | Wholesale Trade | 56 | 3.9% | |
| 10 | Real Estate and Rental and Leasing | 55 | 3.8% |
Franchise brands
| # | Brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Svn | 11 | 0.8% | |
| 2 | Best Western | 6 | 0.4% | |
| 3 | Super 8 by Wyndhan | 6 | 0.4% | |
| 4 | La Quinta by Wyndham | 5 | 0.3% | |
| 5 | Hampton Inn & Suites by Hilton | 4 | 0.3% | |
| 6 | Quality Inn | 4 | 0.3% | |
| 7 | Bahama Buck's Original Shaved Ice Company | 4 | 0.3% | |
| 8 | Happy Cat Hotel & Spa | 4 | 0.3% | |
| 9 | Ramada | 3 | 0.2% | |
| 10 | Days Inn | 3 | 0.2% |
How earlier loans turned out
| Loans approved FY2010–FY2021 | NM 7(a) | US 7(a) | NM 504 | US 504 |
|---|---|---|---|---|
| Approvals in these years | 3,085 | 639,905 | 456 | 85,591 |
| Cancelled or never disbursed | 418 | 79,313 | 68 | 12,514 |
| Disbursed loans | 2,667 | 560,592 | 388 | 73,077 |
| Paid in full | 2,006 | 435,813 | 192 | 35,491 |
| Charged off | 134 | 36,891 | 4 | 905 |
| Still outstanding (status exempt from disclosure) | 527 | 87,888 | 192 | 36,681 |
| Charged off, share of disbursed loans | 5.0% | 6.6% | 1.0% | 1.2% |
| Dollars charged off, share of disbursed dollars | 1.7% | 2.5% | 0.5% | 0.9% |
| Dollars charged off | $19.5M | $5.70bn | $1.1M | $499M |
Approval sizes
- $50,000 or less18.2%265
- $50,001 to $150,00018.8%273
- $150,001 to $350,00020.9%304
- $350,001 to $1 million24.4%355
- $1 million to $2 million9.6%139
- Over $2 million8.1%117
Age of the businesses
- Existing, more than 2 years old51.8%753
- New business, 2 years or less20.7%301
- Startup, loan funds will open the business16.0%233
- Change of ownership11.2%163
- Not answered0.2%3
Against the country
| FY2021–FY2025 | New Mexico | United States |
|---|---|---|
| Approvals per 1,000 establishments | 32.4 | 41.0 |
| Median 7(a) approval | $250K | $190K |
| Median 504 approval | $485K | $657K |
| 504 share of approvals | 12.0% | 11.0% |
| Jobs supported per approval, as reported | 11.9 | 10.5 |
| Approvals, change on FY2016–FY2020 | 0% | 10% |
Questions and answers
Which lenders make the most SBA loans in New Mexico?
By 7(a) approvals in FY2021 to FY2025: Western Commerce Bank (192), Wells Fargo Bank National Association (107), U.S. Bank, National Association (91), Live Oak Banking Company (55), BMO Bank National Association (53). For 504 loans: Capital Certified Development Corporation (89), Enchantment Land Certified Development Company (51), B:Side Capital (21). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in New Mexico?
The median 7(a) approval was $250K and the median 504 approval $485K; the average across both programs was $638K.
Which industries get the most SBA loans in New Mexico?
Restaurants and Other Eating Places (107); Traveler Accommodation (98); Building Equipment Contractors (56); Support Activities for Mining (48); Offices of Other Health Practitioners (44).
Which New Mexico counties receive the most SBA loans?
Bernalillo County (559), Santa Fe County (138), Doña Ana County (115), Eddy County (87), Sandoval County (75), by approvals in FY2021 to FY2025.
Is SBA lending in New Mexico rising?
Approvals in the three latest complete fiscal years total 865, against 839 in the three before: broadly level (+3%).
What share of SBA loans in New Mexico are charged off?
Of 7(a) loans approved in FY2010 to FY2021 and disbursed, 5.0% are recorded as charged off (national: 6.6%); for 504 loans the figure is 1.0% (national: 1.2%). Newer loans are left out because most have not had time to reach either outcome.
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