States › New Mexico › FY2018
FY20181 Oct 2017 – 30 Sep 2018
SBA loans in New Mexico, FY2018
That fiscal year's approvals by lender and by county.
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.
In FY2018 (1 October 2017 to 30 September 2018) SBA approved 262 loans in New Mexico: 226 under 7(a) and 36 under 504, worth $142M.
That is down 20% on FY2017, when there were 329 approvals worth $135M.
New Mexico accounted for 0.4% of the 66,228 approvals nationwide that year. 44 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 40.
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.
Approvals by lender
The 40 lenders with the most approvals to New Mexico businesses in FY2018, of 44 active.
| # | Lender | Program | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 7(a) | 40 | $6.1M | 15.3% | 52 | -12 |
| 2 | Western Commerce Bank | 7(a) | 36 | $18.3M | 13.7% | 51 | -15 |
| 3 | BMO Bank National Association | 7(a) | 23 | $11.3M | 8.8% | 18 | +5 |
| 4 | Capital Certified Development Corporation | 504 | 22 | $16.4M | 8.4% | 10 | +12 |
| 5 | U.S. Bank, National Association | 7(a) | 18 | $6.3M | 6.9% | 20 | -2 |
| 6 | PNC Bank, National Association | 7(a) | 14 | $10.6M | 5.3% | 38 | -24 |
| 7 | Enchantment Land Certified Development Company | 504 | 14 | $10.0M | 5.3% | 9 | +5 |
| 8 | Century Bank | 7(a) | 9 | $931K | 3.4% | 15 | -6 |
| 9 | Live Oak Banking Company | 7(a) | 8 | $15.2M | 3.1% | 12 | -4 |
| 10 | Enterprise Bank & Trust | 7(a) | 8 | $7.9M | 3.1% | 2 | +6 |
| 11 | UMB Bank, National Association | 7(a) | 6 | $1.8M | 2.3% | 3 | +3 |
| 12 | First American Bank | 7(a) | 5 | $2.1M | 1.9% | 13 | -8 |
| 13 | Zions Bank, A Division of | 7(a) | 5 | $1.4M | 1.9% | 1 | +4 |
| 14 | Bank of the Southwest | 7(a) | 5 | $1.4M | 1.9% | 7 | -2 |
| 15 | Northeast Bank | 7(a) | 4 | $3.4M | 1.5% | 4 | 0 |
| 16 | DreamSpring | 7(a) | 4 | $360K | 1.5% | 8 | -4 |
| 17 | Newtek Small Business Finance, Inc. | 7(a) | 3 | $1.9M | 1.1% | 2 | +1 |
| 18 | First Southwest Bank | 7(a) | 3 | $1.6M | 1.1% | 0 | new |
| 19 | BayFirst National Bank | 7(a) | 3 | $495K | 1.1% | 4 | -1 |
| 20 | The Bank of Clovis | 7(a) | 3 | $440K | 1.1% | 5 | -2 |
| 21 | Happen Bank | 7(a) | 2 | — | 0.8% | 4 | -2 |
| 22 | United Midwest Savings Bank National Association | 7(a) | 2 | — | 0.8% | 1 | +1 |
| 23 | Firstrust Savings Bank | 7(a) | 2 | — | 0.8% | 1 | +1 |
| 24 | Byline Bank | 7(a) | 2 | — | 0.8% | 0 | new |
| 25 | Stearns Bank National Association | 7(a) | 2 | — | 0.8% | 5 | -3 |
| 26 | Shoreham Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 27 | Harvest Small Business Finance, LLC | 7(a) | 1 | — | 0.4% | 0 | new |
| 28 | Frost Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 29 | Plains State Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 30 | First Western SBLC, LLC | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 31 | Southwest Capital Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 32 | JPMorgan Chase Bank, National Association | 7(a) | 1 | — | 0.4% | 2 | -1 |
| 33 | First Savings Bank | 7(a) | 1 | — | 0.4% | 2 | -1 |
| 34 | BankUnited, National Association | 7(a) | 1 | — | 0.4% | 0 | new |
| 35 | United Community Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 36 | The Huntington National Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 37 | American Momentum Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 38 | Mission Valley Bank | 7(a) | 1 | — | 0.4% | 0 | new |
| 39 | Five Star Bank | 7(a) | 1 | — | 0.4% | 1 | 0 |
| 40 | Independence Bank | 7(a) | 1 | — | 0.4% | 4 | -3 |
Approvals by county
| # | County | Approvals | Dollars | Share of state | FY2017 | Change |
|---|---|---|---|---|---|---|
| 1 | Bernalillo County | 112 | $68.1M | 42.7% | 127 | -15 |
| 2 | Santa Fe County | 29 | $12.3M | 11.1% | 48 | -19 |
| 3 | San Juan County | 20 | $10.9M | 7.6% | 8 | +12 |
| 4 | Lea County | 20 | $3.4M | 7.6% | 30 | -10 |
| 5 | Doña Ana County | 16 | $9.7M | 6.1% | 27 | -11 |
| 6 | Eddy County | 9 | $1.9M | 3.4% | 18 | -9 |
| 7 | Sandoval County | 6 | $5.3M | 2.3% | 18 | -12 |
| 8 | Curry County | 6 | $879K | 2.3% | 11 | -5 |
| 9 | Taos County | 5 | $3.5M | 1.9% | 2 | +3 |
| 10 | Chaves County | 5 | $2.9M | 1.9% | 8 | -3 |
| 11 | Lincoln County | 4 | $4.7M | 1.5% | 2 | +2 |
| 12 | Rio Arriba County | 4 | $1.2M | 1.5% | 0 | new |
| 13 | Sierra County | 3 | $1.1M | 1.1% | 0 | new |
| 14 | Grant County | 3 | $2.7M | 1.1% | 5 | -2 |
| 15 | Quay County | 3 | $3.3M | 1.1% | 0 | new |
| 16 | Roosevelt County | 2 | — | 0.8% | 3 | -1 |
| 17 | Otero County | 2 | — | 0.8% | 2 | 0 |
| 18 | Colfax County | 2 | — | 0.8% | 1 | +1 |
| 19 | Los Alamos County | 2 | — | 0.8% | 1 | +1 |
| 20 | Valencia County | 1 | — | 0.4% | 5 | -4 |
| 21 | San Miguel County | 1 | — | 0.4% | 4 | -3 |
| 22 | Socorro County | 1 | — | 0.4% | 1 | 0 |
| 23 | McKinley County | 1 | — | 0.4% | 2 | -1 |
| 24 | Luna County | 1 | — | 0.4% | 2 | -1 |
| 25 | Union County | 1 | — | 0.4% | 0 | new |
| 26 | Torrance County | 1 | — | 0.4% | 1 | 0 |
| 27 | Guadalupe County | 1 | — | 0.4% | 1 | 0 |
| 28 | Hidalgo County | 1 | — | 0.4% | 0 | new |
FY2018 against FY2017
| New Mexico | FY2018 | FY2017 |
|---|---|---|
| 7(a) approvals | 226 | 309 |
| 7(a) dollars | $116M | $125M |
| Median 7(a) approval | $187K | $150K |
| 504 approvals | 36 | 20 |
| 504 dollars | $26.4M | $9.9M |
| Jobs supported, as reported | 2,898 | 3,259 |
Questions and answers
Which lenders made the most SBA loans in New Mexico in FY2018?
Wells Fargo Bank National Association (40), Western Commerce Bank (36), BMO Bank National Association (23), Capital Certified Development Corporation (22), U.S. Bank, National Association (18). 44 lenders had at least one approval.
How many SBA loans were approved in New Mexico in FY2018?
262: 226 under 7(a) worth $116M and 36 under 504 worth $26.4M.
Which New Mexico counties had the most SBA approvals in FY2018?
Bernalillo County (112), Santa Fe County (29), San Juan County (20), Lea County (20), Doña Ana County (16).
When does FY2018 start and end?
The federal fiscal year 2018 runs from 1 October 2017 to 30 September 2018.
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