27 SBA loans worth $23.3M went to businesses in Lovington, NM between October 2021 and June 2026, from 8 lenders. Western Commerce Bank made the most, 17 loans. The median loan was $300,000, compared with $250,000 across New Mexico, and mining and oil and gas was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Western Commerce Bank Bank · Carlsbad, NM | 17 | $14.0M | $300,000 | 6% |
| 2 | Colony Bank Bank · Fitzgerald, GA | 2 | $4.9M | $2,469,550 | 0% |
| 3 | Newtek Bank Bank · Miami, FL | 2 | $1.1M | $575,000 | 0% |
| 4 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $30K | $15,000 | 100% |
| 5 | Lea County State Bank Bank · Hobbs, NM | 1 | $2.8M | $2,800,000 | 0% |
| 6 | Pioneer Bank Bank · Roswell, NM | 1 | $252K | $252,000 | 100% |
| 7 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $50K | $50,000 | 0% |
| 8 | Northeast Bank Bank · Portland, ME | 1 | $50K | $50,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Mining and oil and gas | 14 | $667,000 | Western Commerce Bank | |
| Construction | 4 | $375,000 | Western Commerce Bank | |
| Retail | 4 | $400,000 | Newtek Bank | |
| Restaurants and hotels | 2 | $367,600 | Wells Fargo Bank | |
| Professional and technical services | 1 | $50,000 | Readycap Lending | |
| Real estate and rental | 1 | $260,000 | Western Commerce Bank | |
| Transportation and warehousing | 1 | $15,000 | Wells Fargo Bank |