SBA data · New Mexico
SBA lending in New Mexico
4,858 loans worth $2.38B have been approved for New Mexico projects since FY2010 - the #39 state by SBA dollars, 0.5% of the national total.
State rank
#39
by dollars approved
Approved
$2.38B
FY2010 onward
Loans
4,858
Median loan
$200,000
+11% vs national
Median 7(a) rate
6.97%
Jobs supported
54,523
Lender-reported
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Who lends here
The most active SBA lenders in New Mexico
Ranked by dollars approved for projects in this state. Ranking is computed from federal data and cannot be purchased.
| # | Lender | Approved in NM | Loans | Avg loan | Share |
|---|---|---|---|---|---|
| 1 | Western Commerce Bank | $215.5M | 530 | $406,579 | |
| 2 | Enchantment Land Certified Development Company | $179.7M | 294 | $611,391 | |
| 3 | Live Oak Banking Company | $176.8M | 132 | $1,339,223 | |
| 4 | Wells Fargo Bank | $147.4M | 607 | $242,913 | |
| 5 | Capital Certified Development Corporation | $144.3M | 274 | $526,667 | |
| 6 | BMO Bank | $124.9M | 200 | $624,572 | |
| 7 | U.S. Bank | $90.2M | 353 | $255,544 | |
| 8 | PNC Bank | $67.7M | 251 | $269,808 | |
| 9 | First American Bank | $62.3M | 165 | $377,557 | |
| 10 | Bank of the Southwest | $51.0M | 132 | $386,433 | |
| 11 | B:Side Capital | $38.1M | 30 | $1,268,933 | |
| 12 | Open Bank | $37.8M | 15 | $2,516,733 |
By sector in New Mexico
- Restaurants & Hotels689 · $660.9M
- Health Care580 · $280.6M
- Retail359 · $184.9M
- Professional Services477 · $171.2M
- Construction549 · $159.0M
- Other Services418 · $142.4M
- Mining & Energy226 · $106.5M
- Real Estate149 · $94.3M
- Wholesale155 · $77.3M
- Arts & Recreation133 · $67.7M
- Manufacturing118 · $65.1M
- Administrative & Waste152 · $43.7M
Most-financed industries
Approvals by fiscal year
Gross approval dollars in New Mexico. The final bar is a partial fiscal year.
Loan sizes in New Mexico
- Under $50K21%
- $50K - $150K20%
- $150K - $350K22%
- $350K - $1M22%
- $1M - $2M9%
- Over $2M5%
SBA lending in New Mexico: common questions
- How many SBA loans are approved in New Mexico?
- 4,858 SBA 7(a) and 504 loans totalling $2,381,840,100 have been approved for projects in New Mexico since fiscal year 2010, ranking it #39 among states and territories by dollars approved - 0.5% of all SBA lending nationally.
- Which lenders make the most SBA loans in New Mexico?
- By dollars approved in New Mexico, the most active lenders are Western Commerce Bank, Enchantment Land Certified Development Company, Live Oak Banking Company, Wells Fargo Bank, Capital Certified Development Corporation. Volume is not a recommendation - a lender's fit depends on your industry, loan size, and credit profile.
- What is the typical SBA loan size in New Mexico?
- The median gross approval in New Mexico is $200,000, 11% above the national median of $180,000. Half of all loans in the state fall between $20,000 and $1,319,800.
- Do I need to use a lender based in New Mexico?
- No. SBA lenders can and routinely do lend across state lines, and several of the largest national 7(a) lenders have no branch presence at all. The lenders listed on this page are those with the most approved dollars for projects located in New Mexico, wherever they are headquartered.
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
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