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New Mexico SBA Loan Data

12,155 loans totaling $3.9B across all SBA programs.

Total Loans
12,155
1992–2025
Total Volume
$3.9B
Gross approval amount
Avg Loan Size
$317K
Median: $127K
Avg Interest Rate
7.31%
Default rate: 9.9%

SBA Lending by County

Click any county to explore its loan data. Showing: Total Volume

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Counties in New Mexico

Bernalillo4,304$1.5B$338K
Dona Ana1,342$351.1M$262K
Santa Fe973$321.1M$330K
Lea793$235.6M$297K
San Juan564$209.1M$371K
Sandoval538$190.0M$353K
Eddy548$139.0M$254K
Curry461$136.2M$295K
Chaves331$82.4M$249K
Taos157$77.7M$495K
Mckinley125$72.6M$581K
Valencia249$66.3M$266K
Otero296$65.7M$222K
Lincoln213$62.9M$295K
Guadalupe57$45.9M$805K
Sierra180$39.0M$217K
Luna87$34.6M$398K
Grant113$31.9M$282K
Roosevelt113$28.3M$250K
San Miguel118$27.0M$229K
Quay56$25.7M$459K
Colfax81$24.8M$307K
Torrance61$23.8M$390K
Rio Arriba75$19.0M$253K
Cibola65$18.4M$282K
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New Mexico Loan Status

New Mexico Loan Status showing Active: 14.3%, Paid in Full: 63.5%, Charged Off: 8.5%, Cancelled: 13%, Committed: 0.7%
Active14.3%
Paid in Full63.5%
Charged Off8.5%
Cancelled13%
Committed0.7%

Note: Loans from 2023 and later may show lower default rates because they haven't had enough time to mature. Default rates typically stabilize after 5+ years.

New Mexico Annual Lending Volume

New Mexico Annual Lending Volume from 1992 to 2025

Number of Loans per Year

Number of Loans per Year from 1992 to 2025

Top Industries

Top Industries with 12 categories

Loan Size Distribution

Loan Size Distribution with 7 categories

Top Lenders in New Mexico

Wells Fargo Bank National Association2,110$443.0M$210K8.04%10.9%
Western Commerce Bank1,219$318.1M$261K7.08%9.2%
Live Oak Banking Company128$180.9M$1.4M6.98%1.9%
BMO Bank National Association417$169.3M$406K5.47%3.6%
U.S. Bank, National Association786$167.8M$214K7.52%11.9%
PNC Bank, National Association576$122.5M$213K7.59%9.6%
First American Bank312$101.3M$325K6.41%2.5%
Bank of the Southwest450$98.8M$220K6.08%9.4%
UMB Bank, National Association284$86.9M$306K6.30%3.9%
Bank of America, National Association837$86.2M$103K7.30%17.2%
Readycap Lending, LLC153$79.8M$522K11.22%20.7%
First Savings Bank301$64.8M$215K5.68%10.0%
Enterprise Bank & Trust115$54.1M$471K7.16%4.1%
Century Bank241$52.9M$220K6.70%5.8%
Main Bank92$48.6M$528K6.25%7.5%
The Bank of Clovis129$42.7M$331K6.94%1.7%
Lea County State Bank159$37.5M$236K6.02%7.7%
Sunflower Bank National Association106$37.5M$354K5.43%6.3%
First-Citizens Bank & Trust Company47$36.5M$777K6.16%0.0%
Open Bank15$35.9M$2.4M7.61%7.7%
Business Loan Center, LLC41$29.8M$726KN/A16.1%
Celtic Bank Corporation51$28.2M$554K7.82%2.3%
Newtek Small Business Finance, Inc.50$27.8M$557K7.00%8.3%
United Midwest Savings Bank National Association40$27.8M$695K8.51%5.7%
Citizens Bank of Las Cruces135$25.4M$188K6.90%8.7%

Get the Data

Download the complete SBA loan summary for all 50 states + DC and territories as a CSV — including loan counts, volume, rates, and default data.

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