Geography · SBA lending record
SBA lenders in New Mexico
978 SBA 7(a) loans in the last five years, from 111 different lenders. Here is who actually lends here.
Loans, last 5 years
978
Lent
$566.5M
last 5 fiscal years
Active lenders
111
wrote at least one loan
Typical loan
$229k
median approved
Default rate
0.8%
nationally 2.1%
Who lends here most
last 5 fiscal years| Lender | Loans in NM | Typical loan | Typical rate |
|---|---|---|---|
| Western Commerce Bank | 144 | $284k | P+1.50 |
| Wells Fargo Bank National Association | 85 | $15k | P+5.46 |
| U.S. Bank, National Association | 80 | $32k | P+3.43 |
| Live Oak Banking Company | 43 | $630k | P+1.71 |
| Readycap Lending, LLC | 42 | $52k | P+4.65 |
| The Huntington National Bank | 33 | $321k | P+2.44 |
| Newtek Bank, National Association | 33 | $275k | P+3.35 |
| Century Bank · too few loans nationally for a page | 30 | $199k | P+1.80 |
| BayFirst National Bank | 30 | $150k | P+4.09 |
| Northeast Bank | 27 | $100k | P+2.93 |
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
Next
Compare all lenders → Check your eligibility → Find your industry →
Source SBA 7(a) FOIA
Released 2026-06-30
Basis where the project is, not where the bank is
SBA lending in other states
Maine · 1,304Mississippi · 1,279Nebraska · 1,266Arkansas · 1,193Rhode Island · 865Delaware · 781Montana · 772West Virginia · 684
States with comparable volume, plus the three largest markets.