SBA loans in New Mexico, FY2021

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 FY2021 (1 October 2020 to 30 September 2021) SBA approved 325 loans in New Mexico: 278 under 7(a) and 47 under 504, worth $239M.

That is up 29% on FY2020, when there were 251 approvals worth $136M.

New Mexico accounted for 0.5% of the 61,532 approvals nationwide that year. 67 lenders had at least one approval in the state; Western Commerce Bank had the most, 44.

325approvalsFY2020: 251

$239Mdollars approvedFY2020: $136M

$340Kmedian 7(a) approvalFY2020: $195K

67lenders with an approval

3,261jobs 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 FY2021, of 67 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2020	Change
1	Western Commerce Bank	7(a)	44	$31.4M	13.5%	22	+22
2	BMO Bank National Association	7(a)	30	$18.5M	9.2%	19	+11
3	Capital Certified Development Corporation	504	30	$10.8M	9.2%	28	+2
4	First Savings Bank	7(a)	22	$4.5M	6.8%	15	+7
5	U.S. Bank, National Association	7(a)	17	$2.5M	5.2%	28	-11
6	Enchantment Land Certified Development Company	504	16	$7.7M	4.9%	11	+5
7	Live Oak Banking Company	7(a)	12	$23.5M	3.7%	8	+4
8	Wells Fargo Bank National Association	7(a)	12	$3.3M	3.7%	28	-16
9	Sunflower Bank National Association	7(a)	11	$13.5M	3.4%	4	+7
10	The Bank of Clovis	7(a)	11	$6.2M	3.4%	1	+10
11	PNC Bank, National Association	7(a)	9	$4.4M	2.8%	2	+7
12	Bank of the Southwest	7(a)	8	$6.4M	2.5%	4	+4
13	US Eagle FCU	7(a)	7	$10.1M	2.2%	0	new
14	Newtek Small Business Finance, Inc.	7(a)	7	$4.1M	2.2%	2	+5
15	UMB Bank, National Association	7(a)	5	$2.2M	1.5%	8	-3
16	First American Bank	7(a)	4	$1.9M	1.2%	10	-6
17	Zions Bank, A Division of	7(a)	4	$620K	1.2%	0	new
18	BOKF, National Association	7(a)	3	$5.5M	0.9%	2	+1
19	The Bancorp Bank National Association	7(a)	3	$2.8M	0.9%	1	+2
20	James Polk Stone Community Bank	7(a)	3	$2.4M	0.9%	0	new
21	22nd State Bank, A Division of 22nd State Banking Company	7(a)	3	$1.0M	0.9%	0	new
22	BayFirst National Bank	7(a)	3	$445K	0.9%	4	-1
23	First Southwest Bank	7(a)	3	$207K	0.9%	1	+2
24	First National Bank	7(a)	3	$184K	0.9%	1	+2
25	Bank of Hope	7(a)	2	—	0.6%	0	new
26	Greater Nevada CU	7(a)	2	—	0.6%	0	new
27	United Midwest Savings Bank National Association	7(a)	2	—	0.6%	3	-1
28	Byline Bank	7(a)	2	—	0.6%	0	new
29	First-Citizens Bank & Trust Company	7(a)	2	—	0.6%	1	+1
30	Main Bank	7(a)	2	—	0.6%	1	+1
31	Enterprise Bank & Trust	7(a)	2	—	0.6%	1	+1
32	TowneBank	7(a)	2	—	0.6%	0	new
33	Southwest Heritage Bank	7(a)	2	—	0.6%	0	new
34	Century Bank	7(a)	2	—	0.6%	6	-4
35	Western Heritage Bank	7(a)	2	—	0.6%	0	new
36	Pioneer Bank	7(a)	2	—	0.6%	1	+1
37	PCB Bank	7(a)	1	—	0.3%	1	0
38	Peoples Bank	7(a)	1	—	0.3%	1	0
39	Centerstone SBA Lending, Inc.	7(a)	1	—	0.3%	0	new
40	First Western SBLC, LLC	7(a)	1	—	0.3%	1	0

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2020	Change
1	Bernalillo County	141	$119M	43.4%	109	+32
2	Santa Fe County	28	$16.3M	8.6%	32	-4
3	Doña Ana County	18	$7.4M	5.5%	16	+2
4	Curry County	17	$16.4M	5.2%	2	+15
5	Eddy County	13	$5.6M	4.0%	10	+3
6	San Juan County	13	$11.1M	4.0%	9	+4
7	Sandoval County	13	$11.9M	4.0%	6	+7
8	Sierra County	11	$3.2M	3.4%	7	+4
9	Lincoln County	10	$2.0M	3.1%	5	+5
10	Lea County	10	$10.5M	3.1%	16	-6
11	McKinley County	8	$10.9M	2.5%	1	+7
12	Otero County	7	$862K	2.2%	5	+2
13	Chaves County	6	$2.1M	1.8%	6	0
14	Taos County	4	$2.7M	1.2%	2	+2
15	Roosevelt County	4	$942K	1.2%	1	+3
16	Valencia County	3	$1.1M	0.9%	6	-3
17	San Miguel County	3	$5.0M	0.9%	0	new
18	Grant County	3	$1.1M	0.9%	6	-3
19	Rio Arriba County	3	$1.4M	0.9%	1	+2
20	Los Alamos County	3	$2.0M	0.9%	2	+1
21	Luna County	2	—	0.6%	0	new
22	Torrance County	2	—	0.6%	1	+1
23	Colfax County	1	—	0.3%	2	-1
24	Guadalupe County	1	—	0.3%	2	-1
25	De Baca County	1	—	0.3%	0	new

FY2021 against FY2020

New Mexico	FY2021	FY2020
7(a) approvals	278	212
7(a) dollars	$220M	$118M
Median 7(a) approval	$340K	$195K
504 approvals	47	39
504 dollars	$19.0M	$17.2M
Jobs supported, as reported	3,261	2,855

Questions and answers

Which lenders made the most SBA loans in New Mexico in FY2021?

Western Commerce Bank (44), BMO Bank National Association (30), Capital Certified Development Corporation (30), First Savings Bank (22), U.S. Bank, National Association (17). 67 lenders had at least one approval.

How many SBA loans were approved in New Mexico in FY2021?

325: 278 under 7(a) worth $220M and 47 under 504 worth $19.0M.

Which New Mexico counties had the most SBA approvals in FY2021?

Bernalillo County (141), Santa Fe County (28), Doña Ana County (18), Curry County (17), Eddy County (13).

When does FY2021 start and end?

The federal fiscal year 2021 runs from 1 October 2020 to 30 September 2021.

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