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New Mexico · Construction
SBA loans for construction in New Mexico
549 loans worth $159.0M approved since FY2010 for construction projects located in New Mexico.
Loans
549
Approved
$159.0M
Median loan
$123,000
+23% vs sector nationally
Median rate
7.72%
Jobs supported
6,629
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.
Lenders
Who lends to construction in New Mexico
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Wells Fargo Bank | 78 | $19.8M | |
| BMO Bank | 26 | $18.5M | |
| Western Commerce Bank | 42 | $13.9M | |
| U.S. Bank | 77 | $9.8M | |
| Capital Certified Development Corporation | 23 | $9.3M | |
| The Bank of Clovis | 25 | $7.4M | |
| Enchantment Land Certified Development Company | 15 | $6.7M | |
| First American Bank | 23 | $6.5M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for construction in New Mexico since FY2010 was $123,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in New Mexico
4,858 loans across every sector.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in New Mexico?
- 549 SBA loans totalling $158,992,900 have been approved for construction projects in New Mexico since FY2010.
- Which lenders finance construction in New Mexico?
- The most active by dollars approved are Wells Fargo Bank, BMO Bank, Western Commerce Bank, U.S. Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for construction in New Mexico?
- The median approval is $123,000, 23% above the national median for this sector ($100,000).
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