SBA lending by district
SBA lending in NM-02
SBA 7(a) and 504 financing in New Mexico's 2nd district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 1,501
- Total funded
- $645.7M
- Average loan
- $430K
- 7(a) charge-off
- 2.0%
Borrowers in New Mexico's 2nd district took 1,501 SBA loans worth $645.7M since FY2010, averaging $430K. Of the 1,374 7(a) loans, 2.0% have charged off. See the rest of New Mexico.
SBA funded volume by fiscal year
Top SBA lenders in NM-02
- 1. Western Commerce Bank $136.4M
- 2. First American Bank $54.9M
- 3. Enchantment Land Certified Development Company $47.9M
- 4. Bank of the Southwest $26.2M
- 5. Wells Fargo Bank National Association $23.4M
- 6. First Savings Bank $21.7M
- 7. Live Oak Banking Company $20.9M
- 8. PNC Bank, National Association $19.1M
- 9. Capital Certified Development Corporation $17.4M
- 10. Open Bank $16.8M
Method. SBA 7(a) and 504 loans the SBA recorded in NM-02,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.