Advertiser disclosure: Some links on this page earn us a commission. Compensation never affects our data, our rankings, or which lenders we cover. How we make money.
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
| Industry | Loans | Share |
|---|---|---|
| Support Activities for Oil and Gas Operations | 216 | |
| Construction Sand and Gravel Mining | 4 | |
| Drilling Oil and Gas Wells | 3 | |
| Other Crushed and Broken Stone Mining and Quarrying | 1 | |
| Other Chemical and Fertilizer Mineral Mining | 1 | |
| Crude Petroleum and Natural Gas Extraction | 1 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for mining & energy in New Mexico since FY2010 was $165,600. 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.
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).
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.