SBA Loans for Electrical Contractors in New Mexico: Top Lenders
NAICS 238NAICS 238 covers all other specialty trade contractors businesses in New Mexico. Based on historical SBA 7(a) lending data.
Total Approvals
32
in New Mexico
Median Loan Size
$150,000
per approval
Recent Activity
4
last 90 days through Aug 2025
NAICS 238 covers all other specialty trade contractors businesses. This is a smaller category in SBA 7(a) lending with 32 approvals on record and a median loan size of $150,000.
Key trends & insights
- Western Commerce Bank leads this industry with 5 approvals (16% market share) and a median loan of $500,000.
- Electrical Contractors in New Mexico loans skew smaller than the SBA average at $150,000 median (vs. ~$450,000 overall) — good news if you need a smaller amount and want to avoid lenders with high minimums.
Most active SBA lenders for Electrical Contractors in New Mexico
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 5 | $500,000 | |
| 2 | 4 | $36,500 | |
| 3 | 3 | $50,000 | |
| 4 | 3 | $15,000 | |
| 5 | 3 | $500,000 | |
| 6 | 3 | $250,000 | |
| 7 | 2 | $150,000 | |
| 8 | 1 | $327,200 | |
| 9 | 1 | $750,000 | |
| 10 | 1 | $316,800 | |
| 11 | 1 | $50,000 | |
| 12 | 1 | $50,000 | |
| 13 | 1 | $700,000 | |
| 14 | 1 | $150,000 | |
| 15 | 1 | $150,000 | |
| 16 | 1 | $150,000 |
Recent SBA 7(a) approvals for Electrical Contractors in New Mexico
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2025-12 | Readycap Lending, LLC | Equ*****LLC | Farmington, NM | $50,000 |
| 2025-12 | Western Commerce Bank | HRT*****LLC | Portales, NM | $600,000 |
| 2025-12 | Western Commerce Bank | Bla*****LLC | Carlsbad, NM | $292,300 |
| 2025-11 | U.S. Bank, National Association | GEN*****LLC | ALBUQUERQUE, NM | $23,000 |
| 2025-11 | Northeast Bank | LUC*****LLC | RIO RANCHO, NM | $296,400 |
| 2025-09 | Peoples Bank | Boc*****LLC | CARLSBAD, NM | $1,193,000 |
| 2025-09 | James Polk Stone Community Bank | Wag*****LLC | Carlsbad, NM | $306,900 |
| 2025-08 | U.S. Bank, National Association | T S*****LLC | LAS CRUCES, NM | $50,000 |
| 2025-08 | PNC Bank, National Association | Hau*****.C. | ALBUQUERQUE, NM | $250,000 |
| 2025-08 | U.S. Bank, National Association | COR*****LLC | LAS CRUCES, NM | $50,000 |
| 2025-08 | CenTrust Bank, A Division of SmartBiz Bank National Associat | J&F*****LLC | HOBBS, NM | $150,000 |
| 2025-08 | Enterprise Bank & Trust | Int*****nc. | ALBUQUERQUE, NM | $2,200,300 |
| 2025-07 | WaFd Bank | Zev*****LLC | CLOVIS, NM | $15,000 |
| 2025-06 | Zions Bank, A Division of | Nex*****nc. | FARMINGTON, NM | $750,000 |
| 2025-06 | Enterprise Bank & Trust | Wal*****nc. | WHITE ROCK, NM | $125,000 |
| 2025-05 | DreamSpring | Aqu*****LLC | Rio Rancho, NM | $245,000 |
| 2025-04 | United Midwest Savings Bank National Association | J3***LLC | Santa Fe, NM | $150,000 |
| 2025-03 | Live Oak Banking Company | MC *****LLC | CARLSBAD, NM | $150,000 |
| 2025-03 | United Midwest Savings Bank National Association | CW *****LLC | Santa Fe, NM | $150,000 |
| 2025-03 | BayFirst National Bank | Duk*****LLC | ALBUQUERQUE, NM | $150,000 |
| 2025-02 | U.S. Bank, National Association | A &*****LLC | CLOVIS, NM | $16,000 |
| 2025-02 | Western Commerce Bank | C &*****LLC | Hobbs, NM | $500,000 |
| 2025-02 | Western Commerce Bank | C &*****LLC | Hobbs, NM | $990,300 |
| 2025-02 | Readycap Lending, LLC | DUR*****NC. | Albuquerque, NM | $50,000 |
| 2025-02 | MISSINGMAINBANKID | 814*****LLC | Albuquerque, NM | $4,172,000 |
| 2025-02 | Readycap Lending, LLC | J&F*****LLC | CHAPARRAL, NM | $200,000 |
| 2025-02 | Northeast Bank | LAS*****LLC | Las Cruces, NM | $300,000 |
| 2024-11 | Northeast Bank | MW *****nc. | Bloomfied, NM | $125,000 |
| 2024-10 | BayFirst National Bank | J&F*****LLC | CHAPARRAL, NM | $150,000 |
| 2024-08 | PNC Bank, National Association | WES*****NC. | ALBUQUERQUE, NM | $500,000 |
| 2024-07 | HomeTrust Bank | Pre*****NC. | ALBUQUERQUE, NM | $499,000 |
| 2024-07 | Western Commerce Bank | CNM*****LLC | Lovington, NM | $600,000 |
| 2024-07 | The Huntington National Bank | Hig*****Inc | ALBUQUERQUE, NM | $500,000 |
| 2024-07 | The Huntington National Bank | Hig*****Inc | ALBUQUERQUE, NM | $50,000 |
| 2024-06 | U.S. Bank, National Association | L.T*****ing | LAS CRUCES, NM | $50,000 |
| 2024-06 | Lendistry SBLC, LLC | VDV*****LLC | SANTA FE, NM | $150,000 |
| 2024-04 | Wells Fargo Bank National Association | LJZ*****LLC | ALBUQUERQUE, NM | $15,000 |
| 2024-04 | Capital Certified Development Corporation | Gal*****nc. | Albuquerque, NM | $316,800 |
| 2024-03 | U.S. Bank, National Association | ACE*****NC. | ALBUQUERQUE, NM | $47,500 |
| 2024-03 | UMB Bank, National Association | Fir*****nc. | ALBUQUERQUE, NM | $100,000 |
| 2024-03 | UMB Bank, National Association | Fir*****nc. | ALBUQUERQUE, NM | $800,000 |
| 2024-03 | BOKF, National Association | Bre*****man | SANTA FE, NM | $730,000 |
| 2024-03 | BOKF, National Association | AIM*****Inc | SANTA FE, NM | $730,000 |
| 2024-03 | Readycap Lending, LLC | SAN*****NC. | Santa Fe, NM | $50,000 |
| 2024-01 | Century Bank | Nor*****LLC | SANTA FE, NM | $50,000 |
| 2023-10 | Western Commerce Bank | Thr*****LLC | Albuquerque, NM | $50,000 |
| 2023-10 | Western Commerce Bank | Thr*****LLC | Albuquerque, NM | $50,000 |
| 2023-10 | UMB Bank, National Association | FLO*****NC. | ALBUQUERQUE, NM | $100,000 |
| 2023-10 | Wells Fargo Bank National Association | AKA*****TED | LA PLATA, NM | $15,000 |
| 2023-10 | UMB Bank, National Association | FLO*****NC. | ALBUQUERQUE, NM | $500,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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