Searching for trusted New Mexico SBA lenders to power your business growth? Our comprehensive directory connects New Mexico entrepreneurs with approved SBA loan providers throughout Albuquerque, Santa Fe, Las Cruces, Roswell and across the state. Whether you’re exploring SBA 7(a) loans, 504 loans, microloans, or disaster assistance, our list features the most active small business lenders with competitive rates and flexible terms for New Mexico businesses. Discover which local banks, credit unions, and financial institutions participate in Small Business Administration lending programs, compare their requirements, and find the ideal financing partner to help your New Mexico small business thrive in the Land of Enchantment’s diverse economic landscape.
| Lender | Phone | Programs | Website |
|---|---|---|---|
| AMERICAN HERITAGE BANK | 575-762-2800 | ||
| ARTESIA NATIONAL BANK BRANCH OF FIRST NATIONAL BANK IN ALAMOGORDO | 575-746-4794 | ||
| BANK ’34 | 575-437-9334 | SE,EE | |
| BANK OF ALBUQUERQUE | 505-222-8501 | PLP,SE,EE,EWCP | |
| BANK OF AMERICA, N.A. | 505-848-9164 | PLP,SE,EE,EWCP | |
| BANK OF NEW MEXICO | 505-244-8000 | ||
| BANK OF THE SOUTHWEST | 575-625-1122 | PLP,SE,EE,EWCP | |
| BANK OF THE WEST | 505-717-3360 | PLP,SE,EE,EWCP | |
| BBVA COMPASS BANK | 505-888-9027 | PLP,SE,EWCP,EE | |
| CENTINEL BANK OF TAOS | 575-758-6700 | ||
| CENTURY BANK | 505-995-1200 | SE,EE,EWCP | |
| CITIZENS BANK | 575-461-1261 | ||
| CITIZENS BANK OF LAS CRUCES | 575-647-4100 | EWCP | |
| CITY BANK | 575-258-2265 | PLP,SE | |
| COMMUNITY 1ST BANK LAS VEGAS | 505-425-7584 | SE,EE | |
| FARMERS & STOCKMENS BANK | 575-374-8301 | PLP,SE,EE | |
| FIRST AMERICAN BANK | 575-746-8000 | PLP,SE,EE,EWCP | |
| FIRST CITIZENS BANK & TRUST COMPANY | 505-992-6700 | PLP,SE,EWCP | |
| FIRST CITIZENS BANK AND TRUST | 505-992-6700 | PLP,SE,EWCP | |
| FIRST FINANCIAL CREDIT UNION | 505-766-5600 | ||
| FIRST NATIONAL BANK BRANCH OF FIRST NATIONAL BANK IN ALAMOGORDO | 575-257-4033 | SE | |
| FIRST NATIONAL BANK IN ALAMOGORDO | 575-437-4880 | SE | |
| FIRST NATIONAL RIO GRANDE BRANCH OF FIRST NATIONAL SANTA FE | 505-247-2200 | ||
| FIRST NATIONAL SANTA FE | 505-992-2000 | ||
| FIRST NEW MEXICO BANK | 575-546-2691 | ||
| FIRST NEW MEXICO BANK LAS CRUCES | 575-556-3000 | SE,EE | |
| FIRST NEW MEXICO BANK OF SILVER CITY | 575-388-3121 | ||
| FIRST SAVINGS BANK | 575-894-7148 | SE,EWCP | |
| FIRST STATE BANK | 575-835-1550 | ||
| FNB NEW MEXICO | 575-374-8315 | ||
| FOUR CORNERS COMMUNITY BANK | 505-327-3222 | SE,EE | |
| GALLUP STATE BANK BRANCH OF BANK OF NEW MEXICO | 505-722-6611 | ||
| GRANTS STATE BANK BRANCH OF BANK OF NEW MEXICO | 505-285-6611 | ||
| INTERNATIONAL BANK | 575-445-2321 | ||
| JAMES POLK STONE COMMUNITY BANK | 575-356-6601 | ||
| LEA COUNTY STATE BANK | 575-397-4511 | PLP,SE,EE | |
| LOS ALAMOS NATIONAL BANK | 505-662-5171 | EWCP | |
| MAIN BANK | 505-880-1700 | EWCP | |
| MOUNTAIN AMERICA CREDIT UNION | 888-845-1850 | PLP,SE,EE | |
| MYBANK | 505-864-3301 | ||
| NEW MEXICO BANK & TRUST | 505-830-8100 | PLP,SE,EE,EWCP | |
| NUSENDA FEDERAL CREDIT UNION | 505-872-5422 | SE,EE | |
| PEOPLES BANK | 505-888-3300 | ||
| PINNACLE BANK BRANCH OF BANK OF COLORADO | 505-722-4411 | ||
| PIONEER BANK | 575-624-5200 | SE,EE | |
| SANDIA LABORATORY FEDERAL CREDIT UNION | 505-293-0500 | ||
| SOUTHWEST CAPITAL BANK | 505-425-7565 | ||
| THE BANK OF CLOVIS | 575-769-9000 | PLP,SE,EE | |
| THE CARLSBAD NATIONAL BANK | 575-234-2500 | SE | |
| THE CITIZENS BANK | 505-599-0100 | SE,EE | |
| THE CITIZENS BANK OF CLOVIS | 575-769-1911 | ||
| THE FIRST NATIONAL BANK IN TRINIDAD | 575-445-7123 | ||
| THE LOAN FUND | 505-243-3196 | 504 ONLY | |
| U.S. BANK | 505-823-6200 | PLP,SE,EE,EWCP | |
| U.S. EAGLE FEDERAL CREDIT UNION | 505-342-8888 | ||
| UNITED BUSINESS BANK | 505-341-5200 | PLP,SE | |
| VALLEY BANK OF COMMERCE | 575-623-2265 | ||
| VECTRA BANK COLORADO | 505-326-4341 | PLP,SE,EE,EWCP | |
| WASHINGTON FEDERAL | 505-237-0052 | ||
| WELLS FARGO BANK | 505-766-6423 | PLP,SE,EE,EWCP | |
| WESTERN BANK | 575-443-5000 | SE,EE | |
| WESTERN BANK OF CLOVIS | 575-769-1975 | SE,EE | |
| WESTERN COMMERCE BANK | 575-887-6686 | PLP,SE,EE,EWCP | |
| WESTERN HERITAGE BANK | 575-541-0058 | ||
| WESTSTAR BANK | 575-323-6060 | SE,EE | |
| Out of State Banks | |||
| BANK OF AMERICA | 602-523-2142 | PLP,SE,EE,EWCP | |
| HANMI BANK | 213-382-2200 | PLP,SE,EE,EWCP | |
| LEGENCE BANK | 618-273-2271 | PLP,SE | legencebank.com |
| LIVE OAK BANKING COMPANY | 910-790-5867 | PLP,SE | |
| NORTHEAST BANK | 207-786-3245 | PLP,SE,EE, | northeastbank.com |
| T BANK | 972-720-9000 | PLP | tbank.com |
| UNITED BANK OF EL PASO DEL NORTE | 915-231-2500 | SE | |
| RIDGESTONE BANK | 262-789-1011 | PLP,SE | ridgestone.com |
| THE BANCORP BANK | 302-385-5000 | PLP,SE | thebancorp.com |
| UNITED MIDWEST SAVINGS BANK | 877-751-4622 | PLP | umwsb.com |
| BBCN BANK | 213-639-1700 | PLP,SE,EE,EWCP | bbcnbank.com |
| CAPITAL BANK, SSB | 915-881-6700 | SE | capitalbankep.com |
| THE CITY NATIONAL BANK AND TRUST COMPANY OF LAWTON | 580-355-3580 | cnbok.com | |
| SEACOAST COMMERCE BANK | 858-432-7000 | PLP,SE,EE | sccombank.com |
| WEST TOWN BANK & TRUST | 708-447-3330 | SE | westtownbank.com |
| MEADOWS BANK | 702-241-2265 | PLP,SE,EE | meadowsbank.com |
| NEWTEK SMALL BUSINESS FINANCE, INC. | 212-356-9500 | PLP,SE,EE,EWCP | thesba.com |
| SQUARE 1 BANK | 866-355-0468 | PLP,SE,EWCP | square1bank.com |
| STEARNS BANK | 320-253-6607 | PLP,SE,EE,EWCP | stearnsbank.com |
| ZIONS FIRST NATIONAL BANK | 801-844-7000 | PLP,SE,EE,EWCP | |
| TITAN BANK | 940-325-9821 | PLP,SE,EE | titanbank.com |
| CELTIC BANK | 801-363-6500 | PLP,SE,EE,EWCP | celticbank.com |
| TRANS-PACIFIC NATIONAL BANK | 415-543-3377 | PLP,SE,EWCP | tpnb.com |
| COMMERCIAL BANK OF CALIFORNIA | 714-431-7000 | PLP,SE | cbcal.com |
| SUPERIOR FINANCIAL GROUP | 877-675-0500 | SE,EE | |
| COMMONWEALTH BUSINESS BANK | 323-988-3000 | PLP,SE,EE,EWCP | cbb-bank.com |
| EVOLVE BANK & TRUST | 870-735-6100 | PLP | getevolved.com |
| FIRST HOME BANK | 727-394-2265 | PLP,SE,EE,EWCP | firsthomebank.com |
| FIRST SOUTHWEST BANK | 719-587-4200 | EWCP | fswb.com |
| MOUNTAIN AMERICA CREDIT UNION | 888-845-1850 | PLP,SE,EE | macu.com |
Frequently Asked Questions
Q: What are SBA loans and how do they work in New Mexico?
A: SBA loans are government-backed loans provided through approved lenders in New Mexico. The Small Business Administration guarantees a portion of the loan, reducing risk for lenders and allowing them to offer more favorable terms to New Mexico small businesses. The lender provides the funds while the SBA guarantees repayment up to a certain percentage, typically 75-85% depending on the program. This structure enables New Mexico entrepreneurs to access capital with lower down payments, longer repayment terms, and competitive interest rates compared to conventional business loans.
Q: What types of SBA loans are available to New Mexico businesses?
A: New Mexico businesses can access various SBA loan programs including:
- SBA 7(a) loans: The most common program for general business purposes with loans up to $5 million
- SBA 504 loans: For major fixed asset purchases like real estate or equipment
- SBA Microloans: Smaller loans up to $50,000 for startups and smaller businesses
- SBA Express loans: Faster approval process with loans up to $500,000
- SBA Disaster loans: Special assistance for businesses affected by declared disasters
Q: What are the minimum requirements to qualify for an SBA loan in New Mexico?
A: To qualify for an SBA loan in New Mexico, businesses typically need:
- For-profit operation based in New Mexico
- Owner-occupied (not primarily for investment)
- Good personal credit (typically 650+ FICO score)
- Sufficient cash flow to support loan payments
- No recent bankruptcies, foreclosures, or defaults on government loans
- Reasonable owner equity investment (typically 10-30% depending on the program)
- Operating history of at least 2 years (though some lenders work with startups)
Q: How do New Mexico SBA lenders support businesses in the aerospace and defense sectors?
A: New Mexico’s strong aerospace presence has created specialized SBA lending expertise in these sectors. Several New Mexico lenders have developed industry-specific loan packages designed for aerospace suppliers, defense contractors, research and development firms, and technology companies serving these industries. These lenders understand the unique capital needs, contracting cycles, and security requirements of aerospace and defense businesses and can structure loans accordingly. Some New Mexico SBA lenders coordinate with organizations like the New Mexico Partnership, Sandia Science & Technology Park, and the New Mexico Technology Council to provide comprehensive support. These specialized lending programs have helped strengthen New Mexico’s aerospace ecosystem by financing businesses that support major employers like Sandia National Laboratories, Los Alamos National Laboratory, and Kirtland Air Force Base, with particular attention to innovative startups commercializing research from these institutions and established companies creating specialized products and services for the defense and space sectors. As New Mexico’s Spaceport America continues developing, these lenders have also developed expertise in financing businesses supporting commercial space ventures.
Q: Are there special SBA loan programs for New Mexico’s renewable energy and sustainability businesses?
A: Yes, New Mexico’s abundant renewable resources have influenced local SBA lending practices. Several New Mexico lenders offer tailored loan packages for solar developers, wind energy contractors, sustainable agriculture operations, and water conservation technology firms. These lenders understand the policy environment and incentive structures that influence renewable energy economics and can structure loans accordingly. Some New Mexico SBA lenders coordinate with organizations like the New Mexico Energy, Minerals and Natural Resources Department and the New Mexico Renewable Energy Transmission Authority to help businesses access both financing and technical assistance. These specialized lending programs have helped strengthen New Mexico’s position as a leader in renewable energy by financing businesses that harness the state’s abundant solar, wind, and geothermal resources. As New Mexico pursues its Energy Transition Act goals, these lenders have developed expertise in financing projects that contribute to the state’s clean energy transition while creating economic opportunities in both urban and rural communities, particularly in regions traditionally dependent on fossil fuel extraction that are now diversifying their economies.
Q: How do New Mexico SBA lenders help businesses in the tourism, hospitality, and cultural sectors?
A: New Mexico’s unique cultural heritage and tourism appeal have created specialized lending expertise for these businesses. Several New Mexico SBA lenders offer industry-specific loan packages designed for hotels, restaurants, galleries, museums, tour operators, and cultural experience providers. These lenders understand the seasonal nature of tourism in many parts of New Mexico and can structure loans with flexible payment schedules aligned with visitor patterns. Some New Mexico lenders coordinate with organizations like the New Mexico Tourism Department, the Indian Pueblo Cultural Center, and regional tourism bureaus to provide comprehensive support. These specialized lending programs have helped strengthen New Mexico’s tourism economy by financing businesses that showcase the state’s distinctive blend of Native American, Hispanic, and Anglo cultures, with particular attention to authentic experiences that connect visitors with New Mexico’s artistic traditions, culinary heritage, and natural landscapes. As cultural tourism continues growing globally, these lenders have developed expertise in financing businesses that preserve and promote New Mexico’s unique cultural assets while creating sustainable economic opportunities.
Q: Can film, media, and creative industry businesses in New Mexico access specialized SBA financing?
A: Yes, New Mexico’s thriving film industry benefits from specialized SBA lending expertise. Several New Mexico lenders offer tailored loan packages for film production companies, post-production facilities, digital media studios, and creative service providers. These lenders understand the project-based nature of film production and can structure loans to accommodate industry patterns. Some New Mexico SBA lenders coordinate with organizations like the New Mexico Film Office and Creative Santa Fe to provide comprehensive support. These specialized programs have supported New Mexico’s evolution as a major film production hub by financing businesses that provide services to major productions filming in the state, with particular attention to helping local entrepreneurs build sustainable businesses that can weather the cyclical nature of film production. As streaming platforms continue driving demand for content production, these lenders have developed expertise in financing the specialized equipment, facilities, and technologies that enable New Mexico’s growing reputation as “Tamalewood” – a cost-effective alternative to Hollywood with distinctive landscapes and strong production infrastructure.
Q: How do New Mexico SBA lenders support Native American-owned businesses and tribal enterprises?
A: New Mexico’s significant Native American population has led to specialized lending approaches for Indigenous entrepreneurs and tribal enterprises. Several New Mexico SBA lenders have developed expertise in navigating the unique legal and jurisdictional considerations involved in financing businesses on tribal lands. These lenders often coordinate with organizations like the Native American Business Development Center, the American Indian Chamber of Commerce of New Mexico, and tribal economic development offices to provide culturally responsive support. Some New Mexico lenders participate in the SBA’s 8(a) Business Development program and other initiatives specifically designed to support Native-owned businesses. These specialized lending programs align with New Mexico’s commitment to tribal economic development by providing capital access that respects tribal sovereignty while helping Indigenous entrepreneurs leverage their unique cultural knowledge, artistic traditions, and community connections to create sustainable businesses. From art galleries in Santa Fe to tourism enterprises near tribal lands to technology companies founded by Native innovators, these lenders help finance diverse business ventures that strengthen tribal economies.
Q: Are there specialized SBA loan programs for New Mexico’s agricultural and food production businesses?
A: Yes, New Mexico’s distinctive agricultural traditions have influenced local SBA lending practices. Several New Mexico SBA lenders have developed expertise in financing specialty crop producers, chile processors, organic farms, heritage livestock operations, and value-added food businesses. These lenders understand the unique challenges of agriculture in New Mexico’s arid climate and can structure loans to accommodate seasonal patterns and water considerations. Some New Mexico lenders coordinate with organizations like the New Mexico Department of Agriculture and the New Mexico State University Cooperative Extension Service to provide comprehensive support. These specialized lending programs have helped strengthen New Mexico’s food economy by financing businesses that preserve and promote the state’s distinctive agricultural products – from its famous chiles to ancient grain varieties to heritage livestock breeds – while creating value-added products that command premium prices in specialty markets. As consumer interest in distinctive regional foods continues growing, these lenders help finance businesses that connect New Mexico’s agricultural heritage with contemporary market opportunities.
Q: How do New Mexico SBA lenders support businesses in rural communities and tribal areas?
A: New Mexico’s geographic and cultural diversity has led to specialized lending approaches for businesses outside major population centers. Several New Mexico SBA lenders participate in the USDA Rural Development Business & Industry Guarantee program alongside SBA programs to provide enhanced options for rural entrepreneurs. These lenders often coordinate with organizations like the Rural Economic Development Through Tourism program and regional economic development agencies to provide comprehensive support. Some New Mexico lenders have developed expertise in financing rural manufacturing, main street revitalization, and tourism businesses that are helping diversify economies in the state’s many small communities. These specialized programs align with New Mexico’s efforts to strengthen rural and tribal economies through entrepreneurship, with particular attention to businesses that can overcome geographic isolation by leveraging New Mexico’s expanding broadband infrastructure and create opportunities that help retain talent in communities from Farmington to Silver City to Tucumcari. As remote work enables more location flexibility, these lenders help finance businesses that enhance quality of life in rural communities while creating sustainable economic opportunities.
Q: How do New Mexico SBA lenders support Hispanic-owned businesses and entrepreneurs in traditionally underserved communities?
A: New Mexico’s Hispanic heritage has significantly influenced local SBA lending practices. Several New Mexico SBA lenders have developed specialized programs focused on expanding capital access for Hispanic entrepreneurs throughout the state, particularly in historically underserved communities. These lenders often coordinate with organizations like the Albuquerque Hispano Chamber of Commerce, WESST, and the New Mexico Hispanic Business Council to provide culturally responsive support. Some New Mexico lenders offer bilingual services and participate in SBA programs specifically designed to increase lending in underserved markets. These specialized lending programs align with New Mexico’s unique cultural landscape by providing targeted outreach, technical assistance, and financing structures that address the specific challenges Hispanic business owners may face. From traditional craft enterprises to innovative technology startups, these lenders help finance diverse business ventures that strengthen New Mexico’s economy while preserving and celebrating its Hispanic cultural heritage. As Hispanic entrepreneurship continues growing nationally, New Mexico’s lenders have developed particular expertise in supporting this vital business community.
Q: What other resources are available for SBA loans?
A: Other resources provided by Bigger Bottom Line include:
Q: How do I get assistance in getting an SBA or other business loan?
A: Contact the experts! We can assist from advising which lenders to submit to all the way through to developing & submitting a complete business loan package and anything in between. Contact us now for a free evaluation.