SBA loans in New Mexico, FY2025

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 FY2025 (1 October 2024 to 30 September 2025) SBA approved 345 loans in New Mexico: 311 under 7(a) and 34 under 504, worth $221M.

That is up 22% on FY2024, when there were 283 approvals worth $150M.

New Mexico accounted for 0.4% of the 84,840 approvals nationwide that year. 67 lenders had at least one approval in the state; U.S. Bank, National Association had the most, 32.

345approvalsFY2024: 283

$221Mdollars approvedFY2024: $150M

$243Kmedian 7(a) approvalFY2024: $150K

67lenders with an approval

4,179jobs 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 FY2025, of 67 active.

#	Lender	Program	Approvals	Dollars	Share of state	FY2024	Change
1	U.S. Bank, National Association	7(a)	32	$3.6M	9.3%	18	+14
2	Western Commerce Bank	7(a)	27	$11.9M	7.8%	32	-5
3	Northeast Bank	7(a)	26	$3.2M	7.5%	9	+17
4	Live Oak Banking Company	7(a)	21	$21.5M	6.1%	8	+13
5	Newtek Bank, National Association	7(a)	18	$8.0M	5.2%	9	+9
6	Wells Fargo Bank National Association	7(a)	17	$5.8M	4.9%	36	-19
7	B:Side Capital	504	13	$10.7M	3.8%	6	+7
8	Readycap Lending, LLC	7(a)	13	$5.6M	3.8%	16	-3
9	Capital Certified Development Corporation	504	10	$8.0M	2.9%	10	0
10	Century Bank	7(a)	9	$5.6M	2.6%	7	+2
11	United Midwest Savings Bank National Association	7(a)	9	$4.2M	2.6%	6	+3
12	Enchantment Land Certified Development Company	504	8	$7.0M	2.3%	4	+4
13	Zions Bank, A Division of	7(a)	8	$2.8M	2.3%	2	+6
14	Capital Certified Development Corporation	7(a)	8	$2.2M	2.3%	4	+4
15	Lendistry SBLC, LLC	7(a)	8	$2.0M	2.3%	2	+6
16	The Huntington National Bank	7(a)	7	$2.6M	2.0%	17	-10
17	DreamSpring	7(a)	7	$987K	2.0%	11	-4
18	BayFirst National Bank	7(a)	6	$850K	1.7%	7	-1
19	US Metro Bank	7(a)	5	$17.0M	1.4%	1	+4
20	Enterprise Bank & Trust	7(a)	5	$2.9M	1.4%	6	-1
21	First Bank of the Lake	7(a)	5	$2.6M	1.4%	4	+1
22	The Bank of Clovis	7(a)	5	$1.3M	1.4%	0	new
23	PNC Bank, National Association	7(a)	4	$1.2M	1.2%	3	+1
24	Celtic Bank Corporation	7(a)	4	$622K	1.2%	1	+3
25	Port 51 Lending LLC	7(a)	3	$6.4M	0.9%	0	new
26	First Internet Bank of Indiana	7(a)	3	$4.7M	0.9%	0	new
27	Bank Five Nine	7(a)	3	$3.9M	0.9%	0	new
28	Merchants Bank of Indiana	7(a)	3	$3.4M	0.9%	0	new
29	CenTrust Bank, A Division of SmartBiz Bank National Association	7(a)	3	$650K	0.9%	0	new
30	Stone Bank	7(a)	3	$625K	0.9%	0	new
31	Bank of America, National Association	7(a)	3	$590K	0.9%	5	-2
32	GBank	7(a)	2	—	0.6%	0	new
33	Centerstone SBA Lending, Inc.	7(a)	2	—	0.6%	0	new
34	Mortgage Capital Development Corporation	504	2	—	0.6%	0	new
35	First Financial Bank	7(a)	2	—	0.6%	2	0
36	Primis Bank	7(a)	2	—	0.6%	0	new
37	TowneBank	7(a)	2	—	0.6%	0	new
38	VelocitySBA, LLC	7(a)	2	—	0.6%	1	+1
39	Gulf Coast Bank and Trust Company	7(a)	2	—	0.6%	0	new
40	First Merchants Bank	7(a)	2	—	0.6%	0	new

Approvals by county

#	County	Approvals	Dollars	Share of state	FY2024	Change
1	Bernalillo County	140	$92.1M	40.6%	111	+29
2	Santa Fe County	37	$21.6M	10.7%	31	+6
3	Doña Ana County	36	$12.9M	10.4%	20	+16
4	San Juan County	21	$15.5M	6.1%	11	+10
5	Eddy County	20	$11.3M	5.8%	15	+5
6	Lea County	17	$14.1M	4.9%	13	+4
7	Sandoval County	12	$10.1M	3.5%	22	-10
8	Curry County	10	$1.3M	2.9%	7	+3
9	Lincoln County	7	$1.5M	2.0%	5	+2
10	McKinley County	6	$6.2M	1.7%	4	+2
11	Chaves County	5	$5.3M	1.4%	5	0
12	Luna County	5	$1.6M	1.4%	4	+1
13	Valencia County	4	$1.5M	1.2%	6	-2
14	Socorro County	4	$2.5M	1.2%	0	new
15	Taos County	3	$5.1M	0.9%	6	-3
16	Sierra County	3	$3.1M	0.9%	1	+2
17	Roosevelt County	3	$815K	0.9%	1	+2
18	Otero County	3	$6.7M	0.9%	5	-2
19	Torrance County	2	—	0.6%	2	0
20	Guadalupe County	2	—	0.6%	2	0
21	San Miguel County	1	—	0.3%	1	0
22	Rio Arriba County	1	—	0.3%	0	new
23	Los Alamos County	1	—	0.3%	3	-2
24	Catron County	1	—	0.3%	1	0
25	Cibola County	1	—	0.3%	4	-3

FY2025 against FY2024

New Mexico	FY2025	FY2024
7(a) approvals	311	260
7(a) dollars	$188M	$127M
Median 7(a) approval	$243K	$150K
504 approvals	34	23
504 dollars	$33.1M	$23.2M
Jobs supported, as reported	4,179	3,176

Questions and answers

Which lenders made the most SBA loans in New Mexico in FY2025?

U.S. Bank, National Association (32), Western Commerce Bank (27), Northeast Bank (26), Live Oak Banking Company (21), Newtek Bank, National Association (18). 67 lenders had at least one approval.

How many SBA loans were approved in New Mexico in FY2025?

345: 311 under 7(a) worth $188M and 34 under 504 worth $33.1M.

Which New Mexico counties had the most SBA approvals in FY2025?

Bernalillo County (140), Santa Fe County (37), Doña Ana County (36), San Juan County (21), Eddy County (20).

When does FY2025 start and end?

The federal fiscal year 2025 runs from 1 October 2024 to 30 September 2025.

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