apply for a New Mexico SBA Loan
Last annual update:
Note: On March 31 the Treasury and SBA released important information regarding CARES Act SBA 7(a) loans. We encourage you to read our blog post and act quickly.
A few New Mexico-based banks were among the largest lenders to “The Land of Enchantment” businesses through the U.S. Small Business Administration’s 7(a) program. Whether your business is a hotel, restaurant, auto repair, medical practice, veterinary or pharmacy, your mission is to exceed your customer expectations. So, if you’re ready to step up your business to the next level, here are the top SBA Lenders in New Mexico:
| State Rank | Bank | Headquarters | # Loans | Avg Loan | Avg Int |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 46 | $165,965 | 7.9% |
| 2 | Wells Fargo | Sioux Falls, SD | 27 | $163,352 | 9.5% |
| 3 | Western Commerce Bank | Carlsbad, NM | 24 | $281,733 | 7.6% |
| 4 | Bank of the West | San Francisco, CA | 22 | $395,836 | 6.9% |
| 5 | Bank of the Southwest | Roswell, NM | 11 | $131,755 | 6.8% |
| 6 | United Midwest Savings Bank | De Graff, OH | 8 | $822,500 | 8.1% |
| 7 | New Mexico Bank Trust | Albuquerque, NM | 7 | $115,214 | 6.7% |
apply for a New Mexico SBA Loan
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