Small business loans in Santa Fe, NM
Short answer
The most active SBA lenders in Santa Fe, NM since FY2024 are Century Bank (10 loans) and U.S. Bank (8). The median loan was $237,500, and half fell between $50,000 and $569,000. For free help, see the New Mexico SBDC Network. Source: SBA 7(a) loan data.
- SBA loans since FY2024
- 70
- approved since FY2024
- $28.87M
- median loan
- $237,500
- through SBA Express
- 28.6%
Lenders making SBA loans in Santa Fe
No lender made more than 14% of the loans in Santa Fe, and Century Bank made the most. The five largest lenders together made 51%.
| Lender | Loans | Share |
|---|---|---|
| Century Bank | 10 | 14.3% |
| U.S. Bank | 8 | 11.4% |
| Enterprise Bank & Trust | 6 | 8.6% |
| Live Oak Banking Company | 6 | 8.6% |
| Readycap Lending, LLCNon-bank lender | 6 | 8.6% |
Share is the percent of all Santa Fe loans in that period. Each name links to that lender's page for New Mexico where one exists.
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Local help near Santa Fe
Santa Fe borrowers can start with SBA's district office for New Mexico, an SBDC or SCORE.
33% of Santa Fe borrowers since FY2024 were startups or businesses two years old or younger. SBDCs provide counseling and training, and SCORE mentors give advice at no cost, according to SBA.
SBA has one district office for New Mexico. Its page points to state and federal resources and to lenders in the area. The New Mexico SBDC Network gives free counseling across New Mexico.
Loan counts and sizes in Santa Fe
Santa Fe ranks 2nd by loans since FY2024 among the 2 New Mexico cities with 100 or more SBA loans since FY2020. Nationally it is the 357th busiest of the 580 cities that reach 100 loans.
The 70 loans, 10.7% of the 652 in New Mexico, were approved for $28.9 million in all. The medianThe middle figure. Half the loans were larger and half were smaller. loan was $237,500, 58% above the national median of $150,300. Half of the loans fell between $50,000 and $569,000. The Santa Fe median is 24% above the New Mexico median of $192,200.
| Measure | Santa Fe | New Mexico | U.S. |
|---|---|---|---|
| Loans | 70 | 652 | 162,355 |
| Median loan | $237,500 | $192,200 | $150,300 |
| 25th percentile | $50,000 | $51,825 | $50,000 |
| 75th percentile | $569,000 | $500,000 | $500,000 |
| Via SBA Express | 28.6% | 31.0% | 35.8% |
| Lines of credit | 20.0% | 21.6% | 28.1% |
| Startups | 15.7% | 15.5% | 16.1% |
| Ownership changes | 11.4% | 11.8% | 10.4% |
| Median term | 10 years | 10 years | 10 years |
| Median spread | 2.75 | 2.75 | 2.75 |
| Charged off | Fewer than 5 | 1.7% | 3.6% |
A quarter of loans were smaller than the 25th percentile loan and a quarter were larger than the 75th. Median spread is in percentage points over Prime. Charged off is the share of FY2020 to FY2022 loans a lender wrote off as a loss. It is shown only for groups of 30 loans or more. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish. U.S. covers every loan in the file.
74% of the loans were $500,000 or less, the size SBA Express covers. 28.6% of all loans went through SBA Express, below the national 35.8%. Lines of credit were 20.0% of loans, below the national 28.1%.
Labels show each size's share of all loans. The highlighted bar is the size band that contains the median.
By business age, 54.3% of loans went to businesses more than two years old and 17.1% to businesses two years old or younger. Startups received 15.7% and changes of ownership 11.4%.
Fiscal years run October to September. The last bar covers nine of its twelve months.
Volume rose 22% from FY2024 (23 loans) to FY2025 (28), the two latest full years. The busiest full year in the file was FY2025, with 28 loans. FY2026 already shows 19 loans through June 30.
Of the 48 loans Santa Fe borrowers received in FY2020 to FY2022, fewer than 5 were charged offThe lender wrote the loan off as a loss because it was not being repaid. by June 30, 2026, against 3.6% nationally. Lenders reported 589 jobs supported across the 70 loans since FY2024, about 8.4 per loan. SBA does not audit these estimates.
What businesses in Santa Fe borrow for
Plumbing, Heating, and Air-Conditioning Contractors was the largest borrower group in Santa Fe since FY2020, with 6 loans or 4.5% of the total.
| Industry | Loans | Share | U.S. share |
|---|---|---|---|
| Plumbing, Heating, and Air-Conditioning Contractors | 6 | 4.5% | 1.9% |
Share is the percent of all Santa Fe loans in that period. Industry is the NAICS code on each loan. A name links to the New Mexico page for that industry where one exists.
A typical loan payment in Santa Fe
The median Santa Fe loan was $237,500 with a median term of 10 years.
The median variable-rate loan in Santa Fe was priced at Prime plus 2.75 percentage points at approval. At today's Prime that spread works out to 9.75%. On $237,500 over 10 years, principal and interest would come to about $3,106 a month. That is arithmetic on past loans, not a rate a lender is offering.
| Loan | Amount | Monthly payment |
|---|---|---|
| 25th percentile loan | $50,000 | $654 |
| Median loan | $237,500 | $3,106 |
| 75th percentile loan | $569,000 | $7,441 |
Principal and interest only. Fees, a different term or a fixed rate change the payment. This is an illustration from SBA's file, not an offer.
SBA's rate ceiling for this loan size
SBA's maximum for a loan of $237,500 is Prime plus 6.0 percentage points, or 13.00% today. The median variable-rate loan here was priced 3.2 points under that ceiling. Source: 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395).
Santa Fe loans approved since FY2024 had a median starting rate of 9.62% at approval, against 10.25% nationally. Prime changed during those years, so use the spread above, not that rate, as the guide to today's cost.
Run your own numbers: payments on a $250,000 loan and SBA Express payment calculator.
SBA 504 loans near Santa Fe
Santa Fe has 7 SBA 504 loans since FY2024, with $3.9 million in SBA and CDC dollars.
The median 504 loan in Santa Fe was $197,000 in SBA and CDC dollars, 4% of the $5,000,000 program maximum. The bank's share of each project is separate and is not counted in these figures.
Capital Certified Development Corporation is the one Certified Development CompanyA nonprofit that SBA certifies and regulates to arrange 504 loans together with a bank. (CDC) named on five or more loans, 27 since FY2020.
| Certified Development Company | 504 loans |
|---|---|
| Capital Certified Development Corporation | 27 |
How a 504 loan is split
A standard 504 project is 50% third party lender, 40% CDC debenture, 10% borrower. 504 money pays for major fixed assets such as land, buildings and long-term machinery and equipment, not working capitalMoney for day-to-day costs such as payroll, rent and inventory. Full definition or inventory. Source: SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221). SBA keeps a list of Certified Development Companies.
New Mexico cities near Santa Fe
Santa Fe made up 10.7% of New Mexico's SBA loans since FY2024.
Santa Fe is one of 2 New Mexico cities with 100 or more SBA loans since FY2020. The New Mexico page covers all 652 loans in New Mexico. The closest come first, ranked by county and ZIP code on their loans.
Common questions about SBA loans in Santa Fe
Which lenders make the most SBA loans in Santa Fe?
Century Bank leads with 10 loans in Santa Fe since FY2024. U.S. Bank (8) and Enterprise Bank & Trust (6) follow. Only lenders with five or more Santa Fe loans are counted.
Which industries get SBA loans in Santa Fe?
Plumbing, Heating, and Air-Conditioning Contractors leads with 6 loans in Santa Fe since FY2020.
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. Location is the borrower's address in the file, and city names are as SBA recorded them. Recent means FY2024 through June 30, 2026. Charge-off rates use FY2020 to FY2022 loans, the only years old enough to have had time to go bad. Jobs supported are lender-reported estimates. How we build these pages.
Sources
- SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026
- SBA, 504 loans
- SBA, resource partners: SBDCs and SCORE
- SBA New Mexico District Office (Albuquerque)
- New Mexico SBDC Network
- SCORE, New Mexico
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. D.1 (p. 241); 13 CFR § 120.931
- SOP 50 10 8.1, Sec. C, Ch. 1, Para. B (p. 221)
- sba.gov/loans/504-loans; SOP 50 10 8.1, Sec. A, Ch. 3, Para. A (p. 51)
- SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)
- 13 CFR § 120.214(d)(2); SOP 50 10 8.1, App. 18, Para. A.2 (p. 395)
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Cite this page: Small business loans in Santa Fe, NM. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/new-mexico-small-business-loans/santa-fe/
Ask lending partners about a loan in Santa Fe
Tell us what you need and we refer your request to lending partners.
Janover Capital LLC is not a lender and is not the SBA. The lender makes the credit decision. A lender or marketplace may pay us a referral fee if we connect you, at no cost to you. Advertiser disclosure.