SBA Ledger

States › New Mexico › FY2023

FY20231 Oct 2022 – 30 Sep 2023

SBA loans in New Mexico, FY2023

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 FY2023 (1 October 2022 to 30 September 2023) SBA approved 237 loans in New Mexico: 211 under 7(a) and 26 under 504, worth $157M.

That is down 10% on FY2022, when there were 263 approvals worth $160M.

New Mexico accounted for 0.4% of the 63,286 approvals nationwide that year. 50 lenders had at least one approval in the state; Western Commerce Bank had the most, 40.

237approvalsFY2022: 263
$157Mdollars approvedFY2022: $160M
$270Kmedian 7(a) approvalFY2022: $250K
50lenders with an approval
3,543jobs 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 FY2023, of 50 active.

#LenderProgramApprovalsDollarsShare of stateFY2022Change
1Western Commerce Bank7(a)40$21.8M16.9%49-9
2Wells Fargo Bank National Association7(a)24$2.7M10.1%18+6
3Capital Certified Development Corporation50416$11.3M6.8%23-7
4U.S. Bank, National Association7(a)15$1.7M6.3%9+6
5BayFirst National Bank7(a)14$1.9M5.9%3+11
6The Huntington National Bank7(a)11$3.6M4.6%6+5
7BMO Bank National Association7(a)9$4.5M3.8%11-2
8Newtek Bank, National Association7(a)9$3.4M3.8%0new
9Live Oak Banking Company7(a)8$25.2M3.4%6+2
10Enchantment Land Certified Development Company5047$5.6M3.0%16-9
11Readycap Lending, LLC7(a)6$8.9M2.5%2+4
12First Bank of the Lake7(a)6$3.7M2.5%0new
13Newtek Small Business Finance, Inc.7(a)5$2.4M2.1%9-4
14The Bank of Clovis7(a)5$1.6M2.1%4+1
15Open Bank7(a)4$9.3M1.7%2+2
16State Empl CU7(a)4$3.6M1.7%40
17First American Bank7(a)4$3.2M1.7%6-2
18TowneBank7(a)4$2.7M1.7%0new
19First Savings Bank7(a)4$1.1M1.7%13-9
20United Midwest Savings Bank National Association7(a)3$590K1.3%2+1
21First-Citizens Bank & Trust Company7(a)2—0.8%20
22Midwest BankCentre7(a)2—0.8%0new
23Bank of the Southwest7(a)2—0.8%3-1
24Enterprise Bank & Trust7(a)2—0.8%3-1
25Zions Bank, A Division of7(a)2—0.8%1+1
26Century Bank7(a)2—0.8%8-6
27First Southwest Bank7(a)2—0.8%5-3
28Celtic Bank Corporation7(a)2—0.8%4-2
29PNC Bank, National Association7(a)2—0.8%0new
30Peoples Bank7(a)1—0.4%0new
31Shoreham Bank7(a)1—0.4%10
32B:Side Capital5041—0.4%10
33First Western SBLC, LLC7(a)1—0.4%0new
34First Financial Bank7(a)1—0.4%4-3
35Sunflower Bank National Association7(a)1—0.4%10
36Mountain West Small Business Finance5041—0.4%0new
37Mechanics and Farmers Bank7(a)1—0.4%0new
38Byline Bank7(a)1—0.4%0new
39LiftFund, Inc.5041—0.4%0new
40Four Corners Community Bank7(a)1—0.4%2-1

Approvals by county

#CountyApprovalsDollarsShare of stateFY2022Change
1Bernalillo County86$47.7M36.3%81+5
2Doña Ana County24$14.7M10.1%17+7
3Eddy County21$8.7M8.9%18+3
4Santa Fe County20$17.8M8.4%22-2
5Lea County19$8.1M8.0%16+3
6San Juan County13$9.0M5.5%15-2
7Sandoval County13$10.3M5.5%15-2
8Curry County8$13.9M3.4%14-6
9Valencia County5$894K2.1%4+1
10McKinley County5$656K2.1%1+4
11Taos County4$6.5M1.7%8-4
12Lincoln County4$3.5M1.7%10-6
13Sierra County2—0.8%3-1
14Roosevelt County2—0.8%20
15Chaves County2—0.8%5-3
16Otero County2—0.8%14-12
17Rio Arriba County2—0.8%3-1
18Luna County1—0.4%2-1
19Colfax County1—0.4%10
20Torrance County1—0.4%2-1
21Guadalupe County1—0.4%10
22Cibola County1—0.4%10

FY2023 against FY2022

New MexicoFY2023FY2022
7(a) approvals211218
7(a) dollars$136M$126M
Median 7(a) approval$270K$250K
504 approvals2645
504 dollars$21.5M$34.0M
Jobs supported, as reported3,5433,171

Questions and answers

Which lenders made the most SBA loans in New Mexico in FY2023?

Western Commerce Bank (40), Wells Fargo Bank National Association (24), Capital Certified Development Corporation (16), U.S. Bank, National Association (15), BayFirst National Bank (14). 50 lenders had at least one approval.

How many SBA loans were approved in New Mexico in FY2023?

237: 211 under 7(a) worth $136M and 26 under 504 worth $21.5M.

Which New Mexico counties had the most SBA approvals in FY2023?

Bernalillo County (86), Doña Ana County (24), Eddy County (21), Santa Fe County (20), Lea County (19).

When does FY2023 start and end?

The federal fiscal year 2023 runs from 1 October 2022 to 30 September 2023.

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