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.
Who lends here most
last 5 fiscal years| Lender | Loans in NM | Typical loan | Median 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.
SBA 504 lending in New Mexico
504 FOIA recordA 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in New Mexico, and how they have performed.
CDCs most active in New Mexico
- Enchantment Land Certified Development Company — 294 loans
- Capital Certified Development Corporation — 257 loans
- B:Side Capital — 29 loans
- LiftFund, Inc. — 8 loans
- Mortgage Capital Development Corporation — 8 loans
- Mountain West Small Business Finance — 2 loans
Most-financed here: Offices of Physicians, Offices of Lawyers, Full-Service Restaurants, Hotels (except Casino Hotels) and Mote….
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SBA lending in other states
States with comparable volume, plus the three largest markets.