Top SBA Acquisition Lenders in New Mexico
29 active SBA 7(a) lenders in New Mexico, ranked by loan volume.
Lenders
in New Mexico
Total Volume
Median Rate
Median Loan Size
Top Lenders in New Mexico
Top 25 Lenders in New Mexico
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New Mexico has 29 active SBA 7(a) acquisition lenders that have originated a combined 65 loans totaling $112.1M in volume. The median acquisition loan size in New Mexico is $1479K, with a median interest rate of Prime + 2.07% (Prime + spread).
When evaluating SBA lenders in New Mexico, consider loan volume (a proxy for experience), interest rates, and historical default rates. Lenders designated as PLP (Preferred Lender Program) have delegated authority from the SBA to approve loans, which typically results in faster processing times.
Frequently Asked Questions
How many SBA 7(a) lenders are active in New Mexico?
There are currently 29 active SBA 7(a) lenders in New Mexico based on FOIA lending data. These lenders have originated 65 acquisition loans.
What is the typical SBA loan rate in New Mexico?
The median SBA 7(a) acquisition loan rate in New Mexico is Prime + 2.07% (current Prime rate: 6.75%). Rates are typically expressed as Prime plus a spread, with the SBA capping the spread at 3.0% for loans over $250,000.
What is a PLP lender?
A PLP (Preferred Lender Program) lender has been granted delegated authority by the SBA to make credit decisions without prior SBA review. This typically means faster loan processing and approval timelines.
Data source: SBA 7(a) FOIA lending data. Rankings are based on loan count within the selected dimension. Rates shown are median interest rates expressed as Prime + spread. Default rates represent 10-year cumulative default rates. Data is refreshed periodically and may not reflect the most recent lending activity.