SBA 7(a) loans in New Mexico
Source: U.S. Small Business Administration, 7(a) & 504 FOIA loan data [source] · File as of September 30, 2026 · Loans approved in federal fiscal years 2024–2026 (Oct 2023 – Sept 2026) · Imported November 4, 2026
696loans approved
$200,000median loan
$55K–$500Kmiddle half of loans
$376.1Mtotal approved
10%median initial rate
10 yrsmedian term
The median New Mexico loan is 14% larger than the national median of $175,000.
Loan sizes
Top industries
| Industry (NAICS) | Loans | Median |
|---|---|---|
| Hotels (except Casino Hotels) and Motels (721110) | 32 | $2,428,000 |
| Full-Service Restaurants (722511) | 27 | $175,000 |
| Electrical Contractors and Other Wiring Installation Contractors (238210) | 16 | $150,000 |
| Limited-Service Restaurants (722513) | 15 | $430,500 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 14 | $137,500 |
| General Automotive Repair (811111) | 14 | $150,000 |
| All Other Specialty Trade Contractors (238990) | 14 | $497,500 |
| Insurance Agencies and Brokerages (524210) | 13 | $150,000 |
| Support Activities for Oil and Gas Operations (213112) | 13 | $544,000 |
| Pet Care (except Veterinary) Services (812910) | 11 | $150,000 |
Most active lenders in New Mexico
| Lender | Loans | Median | Total |
|---|---|---|---|
| U.S. Bank, National Association | 74 | $33,900 | $6.8M |
| Western Commerce Bank | 71 | $212,000 | $28.4M |
| Wells Fargo Bank National Association | 52 | $15,000 | $13.2M |
| Readycap Lending, LLC | 38 | $50,000 | $12.9M |
| Live Oak Banking Company | 38 | $467,500 | $34.2M |
| Northeast Bank | 36 | $135,000 | $6.1M |
| Newtek Bank, National Association | 34 | $212,500 | $9.6M |
| Dreamspring | 25 | $124,900 | $4.1M |
| Century Bank | 25 | $342,000 | $12.5M |
| The Huntington National Bank | 21 | $254,000 | $10.2M |
SBA 504 loans in New Mexico
504 loans finance real estate and major equipment through a Certified Development Company (CDC). Approved FY2024–FY2026, file as of September 30, 2026 [source].
77504 loans approved
$618,000median CDC portion
$80.1Mtotal CDC portion
What these 504 amounts cover: only the SBA-backed CDC portion of each project (typically up to 40%). A bank first loan and the borrower's down payment make up the rest, so total project costs are larger.
Most active CDCs in New Mexico
| Lender | Loans | Median | Total |
|---|---|---|---|
| Capital Certified Development Corporation | 31 | $405,000 | $26.9M |
| B:Side Capital | 24 | $937,500 | $28.3M |
| Enchantment Land Certified Development Company | 15 | $364,000 | $15.2M |
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What this data does — and doesn't — tell you
- Approvals, not applications. These are loans SBA approved. The data has no denials, so it cannot tell you your odds of approval.
- Loan size is not startup cost. 7(a) loans also pay for buying existing businesses, real estate, equipment, refinancing and working capital.
- Gross approval amount. Figures are the full approved loan, including the part SBA does not guarantee. Some approved loans are later reduced or never fully disbursed.
- Industry codes are assigned at approval (NAICS) and can be imprecise — a mobile detailer may be coded as a car wash, for example.
- Medians beat averages here: a few very large loans pull averages up. We show the median and the middle half (25th–75th percentile).
- No default rates. Most recent loans are still being repaid, so charge-off rates for these years would be misleading. We don't show them.
- Cancelled loans are excluded, and any group with fewer than 10 loans is hidden. We never publish borrower names.
- Lender counts aren't a quality rating. Big national lenders make many small loans; local lenders may know your market better. Talk to several, or use SBA Lender Match.