SBA Loans for Insurance Agencies and Brokerages in New Mexico: Top Lenders
NAICS 524NAICS 524 covers insurance agencies and brokerages businesses in New Mexico. Based on historical SBA 7(a) lending data.
Total Approvals
3
in New Mexico
Median Loan Size
$150,000
per approval
Recent Activity
0
last 90 days through Apr 2024
NAICS 524 covers insurance agencies and brokerages businesses. This is a smaller category in SBA 7(a) lending with 3 approvals on record and a median loan size of $150,000.
Key trends & insights
- Insurance Agencies and Brokerages in New Mexico lending is concentrated — Bayfirst National Bank, U.s. Bank, National Association, Colony Bank together account for 100% of all approvals. If you're in this industry, these are your highest-probability lenders.
- Bayfirst National Bank leads this industry with 1 approvals (33% market share) and a median loan of $150,000.
- Insurance Agencies and Brokerages 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.
- SBA data for this industry goes through 2024-04-05 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Insurance Agencies and Brokerages in New Mexico
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $150,000 | |
| 2 | 1 | $366,000 | |
| 3 | 1 | $51,300 |
Recent SBA 7(a) approvals for Insurance Agencies and Brokerages in New Mexico
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2024-04 | U.S. Bank, National Association | Val*****LLC | RIO RANCHO, NM | $366,000 |
| 2024-04 | BayFirst National Bank | J.I*****.C. | HOBBS, NM | $150,000 |
| 2023-10 | Colony Bank | DAV*****NCY | RIO RANCHO, NM | $51,300 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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