Small Business Owner Resource
The past, present, and future of SBA 7(a) lending for New Mexico.
In 2022 there were 57 SBA lenders that approved 224 SBA 7(a) loans for projects in New Mexico totaling $127,152,200. The average loan amount was $567,644. Borrowers from 50 cities were approved for projects in New Mexico for 113 industries. The SBA loan approvals in 2022 represent 2,584 jobs supported or saved in New Mexico.
There were 25 franchise branded businesses receiving 30 loan approvals for $46,966,800 with an average loan amount of $1,565,560.
Our forecast model projects $155 million in total New Mexico SBA 7(a) loan approval amounts in 2023 with $58 million to franchise businesses.
New Mexico Lending Data For All SBA 7(a) Loans:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
New Mexico Lending Data For Franchise SBA 7(a) Loans Only:
Data updated through 12/31/2022. See SBADNA Data Source & Methodology for more details.
This intel is provided by SBADNA, an SBAmatch sister company.
Our SBA Lending Experts can leverage this intel with long-standing banking relationships to help you find the right loan for FREE.
