New Mexico · Finance & Insurance
SBA loans for finance & insurance in New Mexico
74 loans worth $38.3M approved since FY2010 for finance and insurance projects located in New Mexico.
Loans
74
Approved
$38.3M
Median loan
$208,250
+4% vs sector nationally
Median rate
8.00%
Jobs supported
519
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 finance & insurance in New Mexico
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 8 | $9.8M | |
| Western Commerce Bank | 2 | $7.5M | |
| United Midwest Savings Bank | 4 | $5.3M | |
| Byline Bank | 2 | $3.0M | |
| First State Bank Nebraska | 1 | $1.5M | |
| BMO Bank | 1 | $1.1M | |
| Capital Certified Development Corporation | 5 | $1.1M | |
| Wells Fargo Bank | 9 | $1.0M |
Detail
Which industries inside the sector
All SBA lending in New Mexico
4,858 loans across every sector.
Finance & Insurance nationally
18,357 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to finance & insurance businesses in New Mexico?
- 74 SBA loans totalling $38,347,900 have been approved for finance and insurance projects in New Mexico since FY2010.
- Which lenders finance finance & insurance in New Mexico?
- The most active by dollars approved are Live Oak Banking Company, Western Commerce Bank, United Midwest Savings Bank, Byline Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for finance & insurance in New Mexico?
- The median approval is $208,250.
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