Access the Top SBA Lending for New Mexico Small Business
In New Mexico the states rich cultural heritage and breathtaking landscapes create a setting for business growth. Whether in the bustling streets of Albuquerque or the historic allure of Santa Fe entrepreneurs are met with a plethora of chances to succeed. By tapping into premier SBA lending programs small businesses in New Mexico can access support to drive their innovation and progress.
New Mexico
The Land of Enchantment
158,296 small businesses
345,088 small business employees
Source: US SBA Office of Advocacy - 2023 Report
Up to $500K Available
8.5% as of 2/2024 | 2 weeks to fund
If you are a small business owner considering an SBA loan, we suggest doing one of two things:

See if you qualify by taking 3 minutes to fill out the Application here.

This is the fastest way to get answers about an SBA loan. It will provide us with everything needed to get an approval.
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Business Dynamic of New Mexico
Between March 2021 and March 2022, 7,270 New Mexico establishments opened and 5,695 closed, for a net increase of 1,575. Employment expanded at 13,519 establishments and contracted at 10,273. Small businesses accounted for 6,786 openings and 5,352 closings.
Establishments in New Mexico
Employment in New Mexico
Between March 2021 and March 2022, 7,270 New Mexico establishments opened and 5,695 closed, for a net increase of 1,575. Employment expanded at 13,519 establishments and contracted at 10,273. Small businesses accounted for 6,786 openings and 5,352 closings.
Source: Business Employment Dynamics (BLS)
Small Business Loans in New Mexico
The Community Reinvestment Act requires large banks to report new small business loans. In 2021, reporting banks issued $372.2 million in loans to New Mexico businesses with revenues of $1 million or less. Total reported new lending to businesses through loans of $100,000 or less was $422.7 million. Total reported new lending to businesses through loans of $1 million or less was $1.2 billion.
New lending to businesses with revenues under $1 million
Source: CRA Aggregate Data (FFIEC)
Industries and Employment of New Mexico's Small Businesses
Source: Business Employment Dynamics (BLS)
Business Ownership Share by Demographic in New Mexico
Business Count by Demographic in New Mexico
Total New Mexico Employement by Business Size
Small Business Employment and Payroll by Industry in New Mexico
Source: Business Employment Dynamics (BLS)