New Mexico · Mining & Energy
SBA loans for mining & energy in New Mexico
226 loans worth $106.5M approved since FY2010 for mining, quarrying, and oil and gas extraction projects located in New Mexico.
Loans
226
Approved
$106.5M
Median loan
$165,600
-27% vs sector nationally
Median rate
6.89%
Jobs supported
3,422
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 mining & energy in New Mexico
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Western Commerce Bank | 171 | $59.4M | |
| First American Bank | 16 | $12.6M | |
| Colony Bank | 4 | $10.8M | |
| Lea County State Bank | 10 | $8.1M | |
| West Town Bank & Trust | 1 | $5.0M | |
| Bank of the Southwest | 5 | $2.4M | |
| Enchantment Land Certified Development Company | 3 | $2.1M | |
| Stearns Bank | 1 | $1.6M |
Detail
Which industries inside the sector
All SBA lending in New Mexico
4,858 loans across every sector.
Mining & Energy nationally
2,367 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to mining & energy businesses in New Mexico?
- 226 SBA loans totalling $106,451,000 have been approved for mining, quarrying, and oil and gas extraction projects in New Mexico since FY2010.
- Which lenders finance mining & energy in New Mexico?
- The most active by dollars approved are Western Commerce Bank, First American Bank, Colony Bank, Lea County State Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for mining & energy in New Mexico?
- The median approval is $165,600, 27% below the national median for this sector ($227,300).
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