SBA by industry · NM
SBA lenders for construction trades in New Mexico
34 lenders made 106 SBA loans to construction trades in New Mexico in the 36 months ending September 30, 2026. U.S. Bank National Association made the most, with 16. The typical loan was about $150K.
- Evidence
- SBA 7(a) and 504 loans to construction trades in New Mexico, NAICS 23
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 34
- SBA FOIA,
- SBA loans, 36 months
- 106
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $47.2M
- SBA FOIA,
- Last 12 months
- 29
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for construction trades in New Mexico, https://lender.report/sba-lenders-for/construction-trades/new-mexico/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 16 | $725K | 16 | 0 | 8 |
| Western Commerce Bank SBA 7(a) record | Bank | Carlsbad, NM | 7 | $3.03M | 7 | 0 | 2 |
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 7 | $1.54M | 7 | 0 | 1 |
| Wells Fargo Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 6 | $1.98M | 6 | 0 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 6 | $1.37M | 6 | 0 | 3 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 6 | $397K | 6 | 0 | 2 |
| WaFd Bank SBA 7(a) record | Bank | Seattle, WA | 5 | $4.60M | 4 | 1 | 4 |
| UMB Bank, National Association SBA 7(a) record | Bank | Kansas City, MO | 5 | $1.74M | 4 | 1 | 0 |
| DreamSpring SBA 7(a) record | Non-bank | Albuquerque, NM | 5 | $882K | 5 | 0 | 1 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 3 | $3.75M | 3 | 0 | 0 |
| Merchants Bank of Indiana SBA 7(a) record | Bank | Carmel, IN | 3 | $3.39M | 3 | 0 | 0 |
| Capital Certified Development Corporation SBA 7(a) record | Non-bank | Austin, TX | 3 | $860K | 3 | 0 | 1 |
| United Midwest Savings Bank, National Association SBA 7(a) record | Bank | Degraff, OH | 3 | $550K | 3 | 0 | 1 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 3 | $440K | 3 | 0 | 0 |
| Century Bank SBA 7(a) record | Bank | Santa Fe, NM | 3 | $250K | 3 | 0 | 1 |
| Enterprise Bank & Trust SBA 7(a) record | Bank | Clayton, MO | 2 | $2.32M | 2 | 0 | 0 |
| Port 51 Lending LLC SBA 7(a) record | Non-bank | New York, NY | 2 | $2.30M | 2 | 0 | 0 |
| Main Bank SBA 504 record | Bank | Albuquerque, NM | 2 | $1.91M | 0 | 2 | 0 |
| PNC Bank, National Association SBA 7(a) record | Bank | Wilmington, DE | 2 | $750K | 2 | 0 | 0 |
| JPMorgan Chase Bank, National Association SBA 7(a) record | Bank | Columbus, OH | 2 | $300K | 2 | 0 | 1 |
| SmartBiz Bank, National Association SBA 7(a) record | Bank | Northbrook, IL | 2 | $290K | 2 | 0 | 1 |
| NBH Bank SBA 7(a) record | Bank | Greenwood Village, CO | 1 | $4.20M | 1 | 0 | 0 |
| Coastal States Bank SBA 7(a) record | Bank | Hilton Head Island, SC | 1 | $4.00M | 1 | 0 | 0 |
| Peoples Bank SBA 7(a) record | Bank | Mendenhall, MS | 1 | $1.20M | 1 | 0 | 0 |
| First New Mexico Bank, Las Cruces | Bank | Las Cruces, NM | 1 | $950K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Electrical Contractors and Other Wiring Installation Contractors | 17 |
| Plumbing, Heating, and Air-Conditioning Contractors | 16 |
| All Other Specialty Trade Contractors | 14 |
| Commercial and Institutional Building Construction | 11 |
| Residential Remodelers | 8 |
| Painting and Wall Covering Contractors | 6 |
| Site Preparation Contractors | 6 |
| Flooring Contractors | 5 |
| New Single-Family Housing Construction (except For-Sale Builders) | 4 |
| Water and Sewer Line and Related Structures Construction | 4 |
| Loan size | Loans |
|---|---|
| Under $150K | 47 |
| $150K to $350K | 27 |
| $350K to $1M | 22 |
| $1M to $2.5M | 6 |
| $2.5M or more | 4 |
- SBA lenders recorded 106 loans to construction trades totaling $47.2M in New Mexico in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $150K, with the middle half between $50K and $380K. SBA FOIA,
- 102 were SBA 7(a) loans and 4 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 10.25% on 102 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 89 of the loans, credit unions 0, and non-banks 17. SBA FOIA,
- The five most active lenders made 39.6% of the loans. SBA FOIA,
- The three most active lenders were U.S. Bank National Association with 16, The Huntington National Bank with 7, and Western Commerce Bank with 7. SBA FOIA,
- 47 of the loans were under $150K, and 10 were $1M or more. SBA FOIA,
- The SBA file shows 29 approvals of these loans dated in the 12 months to September 30, 2026, versus 45 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 5 of the 34 lenders are based in New Mexico. The rest are based elsewhere, most often in Ohio, Missouri and North Carolina. SBA FOIA,
- The most common detailed industry in New Mexico was Electrical Contractors and Other Wiring Installation Contractors, with 17 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to construction trades in New Mexico
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in New Mexico, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 23.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. Lenders that merged or stopped filing are left out.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.