SBA Loans for Industrial Machinery and Equipment Merchant Wholesalers in New Mexico: Top Lenders

NAICS 423

NAICS 423 covers industrial machinery and equipment merchant wholesalers businesses in New Mexico. Based on historical SBA 7(a) lending data.

Total Approvals

in New Mexico

Median Loan Size

$420,000

per approval

Recent Activity

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	Recent
1	Bank OF THE Southwest	2	$1,455,000	—
2	Western Commerce Bank	1	$75,600	—
3	22nd State Bank, A Division OF 22nd State Banking Company	1	$665,000	—
4	BMO Bank, National Association	1	$175,000	—
5	Wells Fargo Bank, National Association	1	$15,000	—

Recent SBA 7(a) approvals for Industrial Machinery and Equipment Merchant Wholesalers in New Mexico

Month	Lender	Borrower	Location	Amount
2025-11	Northeast Bank	SOU*****LLC	Gallup, NM	$350,000
2025-04	U.S. Bank, National Association	Gre*****nc.	ALBUQUERQUE, NM	$100,000
2025-04	U.S. Bank, National Association	Gre*****nc.	ALBUQUERQUE, NM	$706,200
2024-10	Northeast Bank	PLU*****LLC	Albuquerque, NM	$30,000
2024-09	Northeast Bank	Mar*****ton	Santa Fe, NM	$40,100
2024-09	Northeast Bank	Mar*****ton	Santa Fe, NM	$22,700
2024-06	Bank of the Southwest	Pre*****nc.	Las Cruces, NM	$400,000
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
2023-10	BMO Bank National Association	Roc*****LLC	ALBUQUERQUE, NM	$4,264,000
2023-08	Western Commerce Bank	Td *****Inc	Carlsbad, NM	$75,600
2023-04	PNC Bank, National Association	ALL*****LLC	CORRALES, NM	$25,000
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
2022-11	BMO Bank National Association	Mar*****LLP	Albuquerque, NM	$504,100
2021-09	Enterprise Bank & Trust	Bra*****LLC	SANTA FE, NM	$900,000
2021-09	Celtic Bank Corporation	Doc*****ies	Albuquerque, NM	$1,554,100
2021-07	Sunflower Bank National Association	AMC*****LLC	ALBUQUERQUE, NM	$371,000
2021-07	BMO Bank National Association	Res*****LLC	Albuquerque, NM	$300,000
2021-06	Century Bank	AAA*****LLC	LAS CRUCES, NM	$40,000
2021-06	Zions Bank, A Division of	GAL*****NC.	Gallup, NM	$270,000
2021-03	BMO Bank National Association	WG *****LLC	Albuquerque, NM	$840,000
2020-11	U.S. Bank, National Association	Hit*****LLC	Albuquerque, NM	$285,000
2020-11	BMO Bank National Association	SLN*****LLC	Albuquerque, NM	$741,800
2020-03	Newtek Small Business Finance, Inc.	411*****LLC	ALBUQUERQUE, NM	$189,000
2020-02	Meadows Bank	The*****Inc	ROSWELL, NM	$3,174,000
2019-11	Newtek Small Business Finance, Inc.	Cod*****nc.	SANTA FE, NM	$65,000

Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.

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