SBA lending by state
SBA Lending in New Mexico
In New Mexico, SBA lenders funded 4,790 7(a) and 504 loans since FY2010, totaling $2.3B, an average of $490K per loan. The most active lender is Wells Fargo Bank National Association, and the most-funded industry is Accommodation and Food Services.
By Mario Bailey · Source: SBA FOIA data, FY2010–2026 (as of 2026-03-31)
Top SBA lenders in New Mexico
Ranked by SBA loans funded in New Mexico since FY2010. Each lender's figures, including its 7(a) charge-off rate, cover its New Mexico loans only. Charge-off is reported on 7(a) loans, never on 504 loans, so a lender without a reliable 7(a) sample in New Mexico shows “not reported,” never 0%.
See the full New Mexico ranking : up to 25 lenders, with the 7(a) vs 504 leaders and industry context.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Wells Fargo Bank National Association | 608 | $149.3M | $246K | 6.41% |
| 2 | Western Commerce Bank | 527 | $214.9M | $408K | 0.95% |
| 3 | U.S. Bank, National Association | 343 | $88.9M | $259K | 1.75% |
| 4 | Enchantment Land Certified Development Company | 287 | $174.5M | $608K | not reported |
| 5 | Capital Certified Development Corporation | 270 | $142.9M | $529K | not reported |
| 6 | PNC Bank, National Association | 251 | $68.2M | $272K | 5.18% |
| 7 | BMO Bank National Association | 201 | $126.0M | $627K | 1.49% |
| 8 | First American Bank | 164 | $62.1M | $379K | 0.61% |
| 9 | Century Bank | 150 | $32.4M | $216K | 4.00% |
| 10 | Live Oak Banking Company | 132 | $176.8M | $1.3M | 0.76% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
Ready to find your SBA lender in New Mexico?
Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.
504 lenders (CDCs) in New Mexico
An SBA 504 project in New Mexico pairs two lenders: a bank or credit union funds roughly half the cost as a first mortgage, and a Certified Development Company (CDC) funds about 40% through an SBA-backed debenture, with the borrower putting down around 10%. Below are the CDCs most active on 504 loans in New Mexico, ranked by 504 loans funded in the state since FY2010. Figures are 504-only; charge-off is reported on 7(a) loans only and does not apply to CDCs.
| CDC | 504 loans | 504 volume |
|---|---|---|
| Enchantment Land Certified Development Company | 287 | $174.5M |
| Capital Certified Development Corporation | 253 | $138.9M |
| B:Side Capital | 25 | $30.9M |
| LiftFund, Inc. | 8 | $5.8M |
| Arizona Capital Source | 2 | $3.6M |
| Caprock Business Finance Corporation, Inc. | 2 | $1.3M |
| Frontier Financial Partners, Inc. | 1 | $2.0M |
| Alliance Lending Corporation | 1 | $413K |
| North Texas Certified Development Corporation | 1 | $298K |
All Certified Development Companies · Current 504 loan rates · How 504 loans work
Top industries funded in New Mexico
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 678 | $641.3M |
| Health Care and Social Assistance | 574 | $278.9M |
| Retail Trade | 550 | $245.5M |
| Manufacturing | 361 | $176.8M |
| Professional and Technical Services | 471 | $170.5M |
| Construction | 539 | $157.7M |
| Other Services | 409 | $141.0M |
| Mining and Extraction | 224 | $103.5M |
Top cities for SBA loans in New Mexico
Where SBA 7(a) and 504 borrowers in New Mexico are located, by funded volume.
| City | Loans | Total volume |
|---|---|---|
| Albuquerque | 1,685 | $887.9M |
| Santa Fe | 463 | $212.3M |
| Las Cruces | 299 | $138.4M |
| Farmington | 157 | $97.8M |
| Hobbs | 222 | $90.5M |
| Rio Rancho | 170 | $82.6M |
| Clovis | 166 | $81.6M |
| Carlsbad | 167 | $66.1M |
SBA lending by metro area in New Mexico
Which lenders fund each New Mexico market, with local loan sizes and industries.
- SBA lenders in Albuquerque, NM 2,124 loans
- SBA lenders in Santa Fe, NM 499 loans
- SBA lenders in Las Cruces, NM 387 loans
- SBA lenders in Hobbs, NM 331 loans
- SBA lenders in Farmington, NM 243 loans
- SBA lenders in Clovis, NM 205 loans
- SBA lenders in Carlsbad, NM 229 loans
- SBA lenders in Taos, NM 68 loans
- SBA lenders in Gallup, NM 47 loans
- SBA lenders in Roswell, NM 101 loans
- SBA lenders in Ruidoso, NM 85 loans
- SBA lenders in Alamogordo, NM 92 loans
- SBA lenders in Las Vegas, NM 80 loans
- SBA lenders in Deming, NM 30 loans
- SBA lenders in Silver City, NM 36 loans
- SBA lenders in Española, NM 36 loans
SBA lending in New Mexico by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 336 | $114.9M |
| 2011 | 290 | $112.9M |
| 2012 | 283 | $109.4M |
| 2013 | 276 | $114.4M |
| 2014 | 261 | $107.1M |
| 2015 | 305 | $112.4M |
| 2016 | 342 | $134.0M |
| 2017 | 328 | $132.7M |
| 2018 | 264 | $143.5M |
| 2019 | 276 | $138.4M |
| 2020 | 250 | $135.2M |
| 2021 | 325 | $238.9M |
| 2022 | 263 | $160.4M |
| 2023 | 237 | $157.3M |
| 2024 | 283 | $150.0M |
| 2025 | 345 | $220.7M |
| 2026 | 126 | $63.4M |
SBA lending in New Mexico: frequently asked questions
How much SBA lending is there in New Mexico?
SBA lenders funded 4,790 7(a) and 504 loans totaling $2.3B in New Mexico in the public SBA data (as of 2026-03-31), an average of $490K per loan.
Who is the most active SBA lender in New Mexico?
Wells Fargo Bank National Association is the most active SBA lender in New Mexico in the public data, by loans funded.
What industries get the most SBA loans in New Mexico?
The most-funded industry for SBA loans in New Mexico is Accommodation and Food Services.
Get SBA lending trends in your inbox
Occasional, data-driven briefings on SBA lending by industry and state. No spam, unsubscribe anytime.
We use your email only to send lending-trend updates. See our privacy policy.