SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in New Mexico: Top Lenders
NAICS 423NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in New Mexico. Based on historical SBA 7(a) lending data.
Total Approvals
6
in New Mexico
Median Loan Size
$420,000
per approval
Recent Activity
0
last 90 days through Feb 2024
NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses. This is a smaller category in SBA 7(a) lending with 6 approvals on record and a median loan size of $420,000.
Key trends & insights
- Industrial Machinery and Equipment Merchant Wholesalers in New Mexico lending is concentrated — Bank OF THE Southwest, Western Commerce Bank, 22nd State Bank, A Division OF 22nd State Banking Company together account for 67% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Bank OF THE Southwest leads this industry with 2 approvals (33% market share) and a median loan of $1,455,000.
- SBA data for this industry goes through 2024-02-27 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Industrial Machinery and Equipment Merchant Wholesalers in New Mexico
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 2 | $1,455,000 | |
| 2 | 1 | $75,600 | |
| 3 | 1 | $665,000 | |
| 4 | 1 | $175,000 | |
| 5 | 1 | $15,000 |
Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in New Mexico
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-02 | Wells Fargo Bank National Association | TUR*****LLC | GRANTS, NM | $15,000 |
| 2023-11 | 22nd State Bank, A Division of 22nd State Banking Company | San*****LLC | ALBUQUERQUE, NM | $665,000 |
| 2023-08 | Western Commerce Bank | Td *****Inc | Carlsbad, NM | $75,600 |
| 2023-02 | Bank of the Southwest | BLU*****LLC | FARMINGTON, NM | $1,455,000 |
| 2023-02 | Bank of the Southwest | BLU*****LLC | FARMINGTON, NM | $1,455,000 |
| 2022-12 | BMO Bank National Association | GKT*****LLC | Albuquerque, NM | $175,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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