SBA lending by district
SBA lending in NM-03
SBA 7(a) and 504 financing in New Mexico's 3rd 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
- 1,191
- Total funded
- $611.7M
- Average loan
- $514K
- 7(a) charge-off
- 2.5%
Borrowers in New Mexico's 3rd district took 1,191 SBA loans worth $611.7M since FY2010, averaging $514K. Of the 1,031 7(a) loans, 2.5% have charged off. See the rest of New Mexico.
SBA funded volume by fiscal year
Top SBA lenders in NM-03
- 1. Live Oak Banking Company $62.6M
- 2. Wells Fargo Bank National Association $37.5M
- 3. Enchantment Land Certified Development Company $33.6M
- 4. Capital Certified Development Corporation $33.4M
- 5. U.S. Bank, National Association $30.8M
- 6. Western Commerce Bank $30.6M
- 7. The Bank of Clovis $25.3M
- 8. Bank of the Southwest $21.0M
- 9. Readycap Lending, LLC $15.2M
- 10. B:Side Capital $14.7M
Method. SBA 7(a) and 504 loans the SBA recorded in NM-03,
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.