SBA lending by metro area
SBA lenders in Farmington, NM
Which lenders fund Farmington-area businesses, how much, and how the market compares with New Mexico: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Farmington area
Ranked by SBA volume funded to businesses located in the Farmington metropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Bank of the Southwest | 66 | $21.0M | $318K | 7.58% |
| 2 | Four Corners Community Bank | 19 | $8.0M | $423K | not reported |
| 3 | Wells Fargo Bank National Association | 29 | $6.5M | $224K | 3.45% |
| 4 | Live Oak Banking Company | 6 | $6.3M | $1.1M | not reported |
| 5 | Capital Certified Development Corporation | 8 | $4.8M | $597K | not reported |
| 6 | Enchantment Land Certified Development Company | 7 | $4.3M | $621K | not reported |
| 7 | Zions Bank, A Division of | 24 | $3.6M | $151K | 0.00% |
| 8 | First Southwest Bank | 12 | $2.4M | $197K | not reported |
| 9 | Stearns Bank National Association | 5 | $2.1M | $429K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Farmington compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Farmington area | $180K ▼ 10.0% | 8.2% ▼ 4.2 pts |
| New Mexico | $200K | 12.5% |
| United States | $179K | 11.2% |
What gets funded in Farmington
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 41 | $52.7M |
| Mining and Extraction | 12 | $15.3M |
| Retail Trade | 31 | $11.8M |
| Real Estate | 16 | $10.4M |
| Health Care and Social Assistance | 24 | $10.2M |
| Manufacturing | 15 | $9.2M |
| Professional and Technical Services | 18 | $7.4M |
| Other Services | 18 | $7.2M |
SBA lending in Farmington by year
Geography, precisely
"Farmington area" here means the Farmington, NM metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: San Juan County, NM. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.