Top SBA Lenders in New Mexico -

SBA loans play a crucial role in providing financial assistance to entrepreneurs and small business owners. For those in New Mexico seeking SBA loans, understanding the key players in the lending landscape is essential. Here’s a breakdown of the top SBA lenders in New Mexico based on the number of loans, average loan amount, and average interest rates.

New Mexico Preferred SBA Lenders

Rank	Bank	Bank HQ	# of Loans	Avg Loan	Avg Interest
1	Western Commerce Bank	Carlsbad, NM	37	$536,849	6.5%
2	Wells Fargo	Sioux Falls, SD	16	$170,744	9.5%
3	BMO Harris Bank	Chicago, IL	14	$668,586	6.3%
4	U.S. Bank	Cincinnati, OH	12	$237,667	5.9%
5	First Savings Bank	Beresford, SD	9	$154,078	4.5%
6	Century Bank	Santa Fe, NM	8	$184,838	6.6%
7	First Southwest Bank	Alamosa, CO	7	$211,386	6.6%
8	BayFirst National Bank	Saint Petersburg, FL	6	$195,167	9.0%
9	First American Bank	Artesia, NM	6	$366,267	6.3%
10	BancorpSouth Bank	Tupelo, MS	5	$296,000	7.2%
11	Celtic Bank	Salt Lake City, UT	5	$514,280	7.3%
12	Newtek Small Business Finance	Lake Success, NY	5	$1,248,000	6.9%
13	Live Oak	Wilmington, NC	4	$610,000	6.7%
14	The Huntington National Bank	Columbus, OH	4	$207,375	8.1%
15	United Midwest Savings Bank	De Graff, OH	4	$246,000	6.0%
16	First National Bank	Alamogordo, NM	3	$427,133	6.0%
17	First-Citizens Bank & Trust	Raleigh, NC	3	$1,339,667	6.5%

Connect me to a top New Mexico SBA Lender

Top Industries for SBA loans in New Mexico

Rank	Industry	# of Loans	Avg Loan	Avg Interest
1	Hotels (except Casino Hotels) and Motels	14	$2,520,100	6.1%
2	Support Activities for Oil and Gas Operations	10	$437,110	6.6%
3	Offices of Physicians (except Mental Health Specialists)	8	$530,550	4.9%
4	Full-Service Restaurants	7	$346,786	5.5%
5	Fitness and Recreational Sports Centers	6	$379,917	7.5%
6	Snack and Nonalcoholic Beverage Bars	6	$185,950	7.5%
7	Plumbing, Heating, and Air-Conditioning Contractors	5	$366,160	7.0%
8	Pet Care (except Veterinary) Services	4	$1,117,650	5.9%
9	Beauty Salons	4	$190,500	6.6%
10	General Freight Trucking, Local	4	$96,375	6.2%
11	General Automotive Repair	4	$195,250	7.6%
12	Veterinary Services	3	$1,730,300	5.3%
13	All Other Personal Services	3	$16,467	7.0%
14	Car Washes	3	$122,533	5.7%
15	Home Health Care Services	3	$618,600	7.7%
16	Offices of Physicians, Mental Health Specialists	3	$124,667	6.3%

Top SBA Loan Franchises in New Mexico

Rank	FranchiseName	# of Loans	Avg Loan	Avg Interest
1	The Entrepreneur’s Source	2	$150,000	6.0%
2	Quality Inn	2	$3,672,950	7.4%
3	Comfort Inn	2	$3,672,750	7.2%
4	Premier Martial Arts Studio	2	$155,250	7.0%

Top New Mexico SBA Loan Borrowers by Jobs Supported

Rank	Business	Location	Industry	Loan Size	Interest Rate	Jobs
1	LOS SUENOS VETERINARY GROUP P	Albuquerque, NM	Veterinary Services	$2.5M – $5M	6.0%	125
2	ARTISAN STUCCO INC.	Albuquerque, NM	Masonry Contractors	$500K – $1M	7.5%	100
3	LEGENDARY WELDING SERVICES LL	Loving, NM	Other Foundation, Structure, and Building Exterior Contractors	$500K – $1M	6.3%	73
4	LANCS INDUSTRIES HOLDINGS LLC	Albuquerque, NM	Industrial Process Furnace and Oven Manufacturing	$1M – $2.5M	7.0%	69
5	SUMMIT INSTALL LLC	Alto, NM	Industrial Building Construction	$250K or less	4.3%	60
6	MATTEO’S DOWNTOWN LLC	Las Cruces, NM	Full-Service Restaurants	$250K – $500K	6.5%	50
7	JOURNEY PEDIATRICS PC	Rio Rancho, NM	Offices of Physicians (except Mental Health Specialists)	$1M – $2.5M	6.6%	47
8	TLC HOME HEALTH CARE LLC	Carlsbad, NM	Home Health Care Services	$250K – $500K	7.0%	43
9	SAMSON CINEMA HOLDINGS INC.	Clovis, NM	Motion Picture Theaters (except Drive-Ins)	$2.5M – $5M	6.0%	40
10	SPINE AND ORTHOPEDIC CENTER OF	Roswell, NM	Offices of Physicians (except Mental Health Specialists)	$250K – $500K	6.3%	38
11	NIYA HOSPITALITY LLC	Taos, NM	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	8.5%	35
12	THUNDER STONE QUARRY LLC	Carlsbad, NM	Construction Machinery Manufacturing	$1M – $2.5M	3.5%	31
13	ELEVATION ROOFING LLC	Albuquerque, NM	Roofing Contractors	$250K or less	3.5%	30
14	JUMPSTART LLC	Albuquerque, NM	Offices of Physicians, Mental Health Specialists	$250K – $500K	6.0%	30
15	GUADALUPE MOUNTAIN FENCING LL	Carlsbad, NM	All Other Specialty Trade Contractors	$250K – $500K	5.8%	30
16	ARMASPEC INC	Moriarty, NM	Sporting and Athletic Goods Manufacturing	$250K – $500K	5.5%	30
17	ZAZZ ABQ LLC	Albuquerque, NM	Hotels (except Casino Hotels) and Motels	$250K – $500K	6.3%	30
18	STEADY TRUCKING LLC	Carlsbad, NM	Support Activities for Oil and Gas Operations	$500K – $1M	5.5%	30
19	SHARIFF HOLDING COMPANY INC.	Rio Rancho, NM	Full-Service Restaurants	$1M – $2.5M	5.6%	30
20	SCARLET CACTUS LLC	Belen, NM		$1M – $2.5M	6.3%	30
21	SALAS HOLDING ESTATE LLC	Albuquerque, NM	Veterinary Services	$1M – $2.5M	4.0%	28
22	DIRT WORKS SERVICES INC.	Hobbs, NM	Support Activities for Oil and Gas Operations	$250K or less	7.8%	27
23	BH ENTERPRISES LLC	Red River, NM	Drinking Places (Alcoholic Beverages)	$500K – $1M	9.0%	26
24	ELITE WAY HOSPITALITY LLC	Farmington, NM	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	5.0%	25
25	KING HAND CAR WASH & DETAIL L	Farmington, NM	Car Washes	$250K – $500K	5.8%	24
26	EX & PY LLC	Albuquerque, NM	Fitness and Recreational Sports Centers	$250K – $500K	6.5%	24
27	LEXAL AND CO. LLC	Albuquerque, NM	Fitness and Recreational Sports Centers	$500K – $1M	6.0%	24
28	B M B RENTALS LLC	Lovington, NM	Support Activities for Oil and Gas Operations	$2.5M – $5M	7.3%	23
29	VIEGAS HOSPITALITY MANAGEMENT	Aztec, NM	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	6.5%	22
30	INNOVA PROPERTY MANAGEMENT LLC	Rio Rancho, NM	Offices of Physicians (except Mental Health Specialists)	$250K or less	5.3%	21
31	CADENCIA ENTERPRISES LLC	Albuquerque, NM	Fitness and Recreational Sports Centers	$250K or less	7.0%	20
32	BUDDY BAKERS LLC	Farmington, NM	Snack and Nonalcoholic Beverage Bars	$250K – $500K	5.5%	20
33	UTICA CLUB LLC.	El Prado, NM	Full-Service Restaurants	$250K or less	4.4%	19
34	TAOS COUNTY PIZZA DEPARTMENT	El Prado, NM	Full-Service Restaurants	$250K or less	4.4%	19
35	CENTERLINE CONSTRUCTION LLC	Hobbs, NM	Support Activities for Oil and Gas Operations	$250K or less	6.8%	18
36	BUENO TITLE & ESCROW COMPANY L	Las Cruces, NM	Title Abstract and Settlement Offices	$500K – $1M	6.0%	18
37	LACE AND BOW BRIDAL LLC	Albuquerque, NM	All Other Personal Services	$250K or less	7.3%	16
38	QUATRO SHAW INC.	Albequerque, NM	Fitness and Recreational Sports Centers	$250K – $500K	9.8%	16
39	FLEX OILFIELD SERVICES LLC	Hobbs, NM	Support Activities for Oil and Gas Operations	$250K – $500K	8.7%	16
40	ABSOLUT VIDEO ASSIST LLC	Santa Fe, NM	Other Motion Picture and Video Industries	$250K – $500K	6.3%	16
41	ACP PHARMACY LLC	Alamogordo, NM	Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal	$250K – $500K	8.3%	16
42	AG HOTELS LLC	Deming, NM	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	7.8%	16
43	ALBQI HOTELS LLC	Albuquerque, NM	Hotels (except Casino Hotels) and Motels	$2.5M – $5M	7.5%	16
44	THE HYPE HAIR STUDIO LLC	Rio Rancho, NM	Beauty Salons	$250K or less	6.8%	15
45	NEXT LEVEL HOME AUDIO & VIDEO	Farmington, NM		$250K or less	6.3%	15
46	EXTREME SERVICES LLC	Lovington, NM	Support Activities for Oil and Gas Operations	$250K or less	5.3%	15
47	SAFE HOUSE DISTILLING INC.	Albuquerque, NM	Distilleries	$500K – $1M	8.5%	15
48	TALA EXCAVATION LLC	Santa Fe, NM	Site Preparation Contractors	$250K or less	4.3%	14
49	HAUSE INVESTMENTS LLC	Albuquerque, NM	Plumbing, Heating, and Air-Conditioning Contractors	$250K – $500K	4.5%	14
50	D&A PROFESSIONALS INC.	Albuquerque, NM	Fitness and Recreational Sports Centers	$250K – $500K	9.0%	14
51	PLAYSCAPERS LLC	Cedar Crest, NM	Commercial and Institutional Building Construction	$250K or less	6.0%	13
52	MKG ENTERPRISES LLC	Albuquerque, NM	Tax Preparation Services	$500K – $1M	5.9%	13
53	FIVE20 INVESTMENTS LLC	Albuquerque, NM	Beauty Salons	$500K – $1M	7.5%	13
54	DOMINA HOLDINGS LLC	Albuquerque, NM	Pet Care (except Veterinary) Services	$1M – $2.5M	7.0%	13
55	TOUCH DOWN BARBECUE LLC	Artesia, NM	Full-Service Restaurants	$250K or less	5.8%	12
56	W & M MANAGEMENT INC	Albuquerque, NM	Caterers	$250K or less	8.5%	12
57	LATHANLUERAS ENTERPRISES LLC	Tularosa, NM	Support Activities for Forestry	$250K – $500K	6.5%	12
58	L&F OILFIELD SERVICE LLC	Lovington, NM	Support Activities for Oil and Gas Operations	$250K or less	5.5%	11
59	ONE STOP TWO LLC	Albuquerque, NM	General Automotive Repair	$250K or less	9.3%	11
60	ZOOMIES 24/7 LLC	Santa Fe, NM	Pet Care (except Veterinary) Services	$500K – $1M	4.1%	11

Note about SBA lenders near me in New Mexico

When it comes to top New Mexico SBA lenders, it’s a common inquiry whether any of the listed banks are 1) included in the New Mexico preferred lender list, 2) approved lenders in New Mexico, or 3) active participants in the New Mexico SBA Express lending program. These queries center around the ability of a given SBA bank to facilitate small business SBA loans in New Mexico swiftly. The answer is an unequivocal yes. These aren’t your run-of-the-mill banks making only a handful of SBA loans annually; these are institutions well-versed in the intricacies of the SBA 7(a) loan program. They stand out as the top performers in New Mexico, as evidenced by our thorough analysis of thousands of SBA loans each year, leading us to rank lenders based on recent activity.

It’s crucial to note that while some banks may limit their lending to specific regions, there exist a select few highly assertive nationwide SBA lenders that operate nationally. These lenders possess a profound understanding of the SBA program and execute transactions with remarkable speed. Therefore, we advise against restricting your search solely to your home state. Our lender match tool proves invaluable in this regard. By utilizing it, we can identify suitable SBA banks tailored to your specific needs, be it geography, industry, company size, all at no cost or obligation to you. This service aims to save you valuable time and ensure a seamless SBA loan process.

Connect me to a top New Mexico SBA Lender