SBA Ledger

States › New Mexico › FY2019

FY20191 Oct 2018 – 30 Sep 2019

SBA loans in New Mexico, FY2019

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 FY2019 (1 October 2018 to 30 September 2019) SBA approved 275 loans in New Mexico: 243 under 7(a) and 32 under 504, worth $139M.

That is about level with FY2018, when there were 262 approvals worth $142M.

New Mexico accounted for 0.5% of the 58,006 approvals nationwide that year. 63 lenders had at least one approval in the state; Wells Fargo Bank National Association had the most, 34.

275approvalsFY2018: 262
$139Mdollars approvedFY2018: $142M
$150Kmedian 7(a) approvalFY2018: $187K
63lenders with an approval
3,129jobs supported, as reported

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 FY2019, of 63 active.

#LenderProgramApprovalsDollarsShare of stateFY2018Change
1Wells Fargo Bank National Association7(a)34$7.1M12.4%40-6
2U.S. Bank, National Association7(a)29$5.1M10.5%18+11
3Western Commerce Bank7(a)24$5.5M8.7%36-12
4BMO Bank National Association7(a)23$10.0M8.4%230
5Capital Certified Development Corporation50415$7.7M5.5%22-7
6Enchantment Land Certified Development Company50412$12.5M4.4%14-2
7Bank of the Southwest7(a)12$1.8M4.4%5+7
8First Savings Bank7(a)7$957K2.5%1+6
9Century Bank7(a)7$660K2.5%9-2
10Live Oak Banking Company7(a)6$7.4M2.2%8-2
11First American Bank7(a)6$4.2M2.2%5+1
12Independence Bank7(a)6$875K2.2%1+5
13DreamSpring7(a)6$530K2.2%4+2
14UMB Bank, National Association7(a)5$740K1.8%6-1
15Byline Bank7(a)4$3.8M1.5%2+2
16United Midwest Savings Bank National Association7(a)4$3.3M1.5%2+2
17Enterprise Bank & Trust7(a)4$2.7M1.5%8-4
18Stearns Bank National Association7(a)4$1.4M1.5%2+2
19Poppy Bank7(a)3$13.6M1.1%0new
20PNC Bank, National Association7(a)3$6.9M1.1%14-11
21IncredibleBank7(a)3$1.6M1.1%0new
22BayFirst National Bank7(a)3$900K1.1%30
23Pioneer Bank7(a)3$490K1.1%0new
24First National Bank7(a)3$308K1.1%0new
25The Bank of Clovis7(a)3$217K1.1%30
26Newtek Small Business Finance, Inc.7(a)2—0.7%3-1
27Celtic Bank Corporation7(a)2—0.7%1+1
28LiftFund, Inc.5042—0.7%0new
29First Merchants Bank7(a)2—0.7%0new
30Arizona Capital Source7(a)2—0.7%0new
31Florida Capital Bank, National Association7(a)2—0.7%0new
32Northeast Bank7(a)2—0.7%4-2
33Southwest Heritage Bank7(a)2—0.7%0new
34Greater Nevada CU7(a)1—0.4%0new
35Shoreham Bank7(a)1—0.4%10
36Iowa State Bank7(a)1—0.4%0new
37Equity Bank7(a)1—0.4%0new
38Mortgage Capital Development Corporation5041—0.4%0new
39First State Bank Nebraska7(a)1—0.4%0new
40Patriot Bank, National Association7(a)1—0.4%0new

Approvals by county

#CountyApprovalsDollarsShare of stateFY2018Change
1Bernalillo County109$54.8M39.6%112-3
2Santa Fe County26$16.1M9.5%29-3
3San Juan County21$12.3M7.6%20+1
4Doña Ana County20$10.0M7.3%16+4
5Lea County17$14.7M6.2%20-3
6Eddy County14$6.2M5.1%9+5
7Sandoval County13$6.8M4.7%6+7
8Curry County8$2.2M2.9%6+2
9Otero County7$969K2.5%2+5
10Valencia County6$2.0M2.2%1+5
11Chaves County6$323K2.2%5+1
12Sierra County5$564K1.8%3+2
13Taos County3$3.2M1.1%5-2
14Lincoln County3$244K1.1%4-1
15Colfax County3$240K1.1%2+1
16Torrance County3$800K1.1%1+2
17Rio Arriba County3$793K1.1%4-1
18Luna County2—0.7%1+1
19San Miguel County1—0.4%10
20McKinley County1—0.4%10
21Union County1—0.4%10
22Los Alamos County1—0.4%2-1
23Catron County1—0.4%0new
24Hidalgo County1—0.4%10

FY2019 against FY2018

New MexicoFY2019FY2018
7(a) approvals243226
7(a) dollars$114M$116M
Median 7(a) approval$150K$187K
504 approvals3236
504 dollars$24.8M$26.4M
Jobs supported, as reported3,1292,898

Questions and answers

Which lenders made the most SBA loans in New Mexico in FY2019?

Wells Fargo Bank National Association (34), U.S. Bank, National Association (29), Western Commerce Bank (24), BMO Bank National Association (23), Capital Certified Development Corporation (15). 63 lenders had at least one approval.

How many SBA loans were approved in New Mexico in FY2019?

275: 243 under 7(a) worth $114M and 32 under 504 worth $24.8M.

Which New Mexico counties had the most SBA approvals in FY2019?

Bernalillo County (109), Santa Fe County (26), San Juan County (21), Doña Ana County (20), Lea County (17).

When does FY2019 start and end?

The federal fiscal year 2019 runs from 1 October 2018 to 30 September 2019.

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