SBA lending by metro area
SBA lenders in Hobbs, NM
Which lenders fund Hobbs-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 Hobbs area
Ranked by SBA volume funded to businesses located in the Hobbs micropolitan 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 | Western Commerce Bank | 203 | $66.3M | $327K | 0.49% |
| 2 | First American Bank | 20 | $12.7M | $634K | 5.00% |
| 3 | Lea County State Bank | 26 | $10.4M | $401K | 3.85% |
| 4 | Wells Fargo Bank National Association | 32 | $4.5M | $142K | 12.50% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Hobbs compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Hobbs area | $125K ▼ 37.5% | 1.5% ▼ 11.0 pts |
| New Mexico | $200K | 12.5% |
| United States | $179K | 11.2% |
What gets funded in Hobbs
| Industry | Loans | Total funded |
|---|---|---|
| Mining and Extraction | 148 | $66.2M |
| Accommodation and Food Services | 35 | $45.1M |
| Construction | 28 | $10.9M |
| Retail Trade | 23 | $9.7M |
| Administrative and Support | 11 | $2.6M |
| Professional and Technical Services | 16 | $2.3M |
| Health Care and Social Assistance | 8 | $2.0M |
| Transportation and Warehousing | 28 | $1.8M |
SBA lending in Hobbs by year
Geography, precisely
"Hobbs area" here means the Hobbs, NM micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Lea 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.