1,317 SBA loans worth $782.6M went to New Mexico businesses between October 2021 and June 2026, from 128 lenders. Western Commerce Bank made the most 7(a) loans, 167 or 14% of the state's total, and the ten most active lenders made 57%. The median 7(a) loan was $200,000, above the national median of $158,000. Restaurants and hotels was the most financed industry, at 16% of loans. Annual loan count rose 46% from fiscal 2023 to fiscal 2025.
| # | Lender | Loans | Approved | Median loan | To startups | Most common borrower |
|---|---|---|---|---|---|---|
| 1 | Western Commerce Bank Bank · Carlsbad, NM | 167 | $76.3M | $247,500 | 59% | Restaurants and hotels |
| 2 | U.S. Bank Bank · Cincinnati, OH | 101 | $10.4M | $36,000 | 30% | Construction |
| 3 | Wells Fargo Bank Bank · Sioux Falls, SD | 95 | $19.7M | $15,000 | 83% | Transportation and warehousing |
| 4 | Live Oak Banking Bank · Wilmington, NC | 53 | $61.8M | $500,000 | 23% | Professional and technical services |
| 5 | Northeast Bank Bank · Portland, ME | 50 | $6.6M | $102,500 | 12% | Retail |
| 6 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 48 | $20.8M | $50,000 | 17% | Other services (repair, personal care) |
| 7 | Newtek Bank Bank · Miami, FL | 46 | $16.6M | $287,500 | 17% | Health care and social assistance |
| 8 | Huntington National Bank Bank · Columbus, OH | 42 | $16.1M | $264,500 | 60% | Health care and social assistance |
| 9 | Century Bank Bank · Santa Fe, NM | 38 | $16.0M | $288,750 | 37% | Restaurants and hotels |
| 10 | BayFirst National Bank Bank · St. Petersburg, FL | 30 | $4.5M | $150,000 | 0% | Other services (repair, personal care) |
| 11 | United Midwest Savings Bank Bank · Degraff, OH | 24 | $12.6M | $321,000 | 67% | Retail |
| 12 | First Savings Bank Bank · Beresford, SD | 24 | $4.5M | $137,500 | 71% | Construction |
| 13 | BMO Bank Bank · Chicago, IL | 23 | $18.9M | $399,800 | 9% | Professional and technical services |
| 14 | Celtic Bank Bank · Salt Lake City, UT | 21 | $6.3M | $150,000 | 14% | Restaurants and hotels |
| 15 | DreamSpring Non-bank lender · Albuquerque, NM | 21 | $3.5M | $129,600 | 67% | Construction |
| 16 | Zions Bank, A Division of Bank · Salt Lake City, UT | 19 | $5.5M | $100,000 | 16% | Retail |
| 17 | Enterprise Bank & Trust Bank · Clayton, MO | 16 | $11.2M | $362,250 | 50% | Professional and technical services |
| 18 | First Bank of the Lake Bank · Osage Beach, MO | 15 | $7.9M | $250,000 | 60% | Health care and social assistance |
| 19 | First American Bank Bank · Artesia, NM | 15 | $6.7M | $296,100 | 33% | Retail |
| 20 | Newtek Small Business Finance Non-bank lender · Lake Success, NY | 14 | $8.9M | $300,000 | 43% | Health care and social assistance |
| 21 | Capital Certified Development Non-bank lender · Austin, TX | 14 | $3.6M | $261,650 | 43% | Manufacturing |
| 22 | Bank of Clovis Bank · Clovis, NM | 14 | $3.3M | $191,250 | 50% | Administrative and support services |
| 23 | Lendistry SBLC Non-bank lender · Los Angeles, CA | 12 | $2.6M | $196,350 | 0% | Transportation and warehousing |
| 24 | Open Bank Bank · Los Angeles, CA | 10 | $24.5M | $2,038,500 | 10% | Restaurants and hotels |
| 25 | Bank of America Bank · Charlotte, NC | 10 | $6.6M | $249,450 | 10% | Professional and technical services |
| # | Certified development company | Loans | SBA portion approved | Median |
|---|---|---|---|---|
| 1 | Capital Certified Development Austin, TX | 71 | $50.8M | $497,000 |
| 2 | Enchantment Land Certified Development Albuquerque, NM | 38 | $31.5M | $490,000 |
| 3 | B:Side Capital Denver, CO | 28 | $34.0M | $937,500 |
| 4 | Mortgage Capital Development Oakland, CA | 5 | $13.2M | $2,447,000 |
| 5 | LiftFund San Antonio, TX | 3 | $2.0M | $617,000 |
| 6 | Caprock Business Finance Corporation Lubbock, TX | 2 | $1.3M | $669,000 |
| 7 | Arizona Capital Source Tucson, AZ | 1 | $3.3M | $3,297,000 |
| 8 | Alliance Lending Fort Worth, TX | 1 | $413K | $413,000 |
| 9 | Frontier Financial Partners Emporia, KS | 1 | $2.0M | $1,991,000 |
| 10 | Mountain West Small Business Finance Salt Lake City, UT | 1 | $1.2M | $1,167,000 |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 212 | $709,750 | Western Commerce Bank | |
| Construction | 160 | $150,000 | U.S. Bank | |
| Retail | 150 | $250,000 | U.S. Bank | |
| Health care and social assistance | 143 | $300,000 | Capital Certified Development | |
| Other services (repair, personal care) | 140 | $150,000 | U.S. Bank | |
| Professional and technical services | 114 | $236,350 | U.S. Bank | |
| Manufacturing | 86 | $332,250 | Western Commerce Bank | |
| Transportation and warehousing | 54 | $103,750 | Wells Fargo Bank | |
| Administrative and support services | 48 | $150,000 | Wells Fargo Bank | |
| Mining and oil and gas | 42 | $290,000 | Western Commerce Bank | |
| Arts, entertainment and recreation | 40 | $350,000 | Huntington National Bank | |
| Wholesale trade | 39 | $200,000 | Northeast Bank |
| City | Loans | Approved | Median loan | Most active lender |
|---|---|---|---|---|
| Albuquerque | 459 | $286.1M | $300,000 | Western Commerce Bank |
| Santa Fe | 132 | $75.9M | $266,750 | Century Bank |
| Las Cruces | 93 | $46.7M | $173,100 | U.S. Bank |
| Carlsbad | 70 | $32.9M | $279,000 | Western Commerce Bank |
| Rio Rancho | 63 | $32.9M | $254,000 | Western Commerce Bank |
| Farmington | 47 | $34.6M | $169,000 | Zions Bank, A Division of |
| Hobbs | 46 | $22.7M | $150,000 | Western Commerce Bank |
| Clovis | 41 | $23.3M | $127,500 | U.S. Bank |
| Lovington | 27 | $23.3M | $300,000 | Western Commerce Bank |
| Gallup | 21 | $15.5M | $150,000 | Rural Community Assistance |
| Artesia | 18 | $7.7M | $209,700 | Western Commerce Bank |
| Roswell | 18 | $8.7M | $251,200 | Wells Fargo Bank |
| Alamogordo | 17 | $11.5M | $194,400 | First Savings Bank |
| Ruidoso | 14 | $9.7M | $200,000 | First Savings Bank |
| Los Lunas | 14 | $4.7M | $203,400 | U.S. Bank |
9 New Mexico cities and suburbs with at least 25 SBA loans since October 2021. Search any zip code at the top of the page.