SBA Loans for Electrical Contractors in New Mexico: Top Lenders
NAICS 238NAICS 238 covers electrical 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 electrical 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 |
|---|---|---|---|---|
| 2025-08 | 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 | CenTrust Bank, A Division of SmartBiz Bank National Associat | J&F*****LLC | HOBBS, NM | $150,000 |
| 2025-06 | Zions Bank, A Division of | Nex*****nc. | FARMINGTON, NM | $750,000 |
| 2025-03 | United Midwest Savings Bank National Association | CW *****LLC | Santa Fe, NM | $150,000 |
| 2025-03 | Live Oak Banking Company | MC *****LLC | CARLSBAD, 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 |
| 2024-08 | PNC Bank, National Association | WES*****NC. | ALBUQUERQUE, NM | $500,000 |
| 2024-06 | U.S. Bank, National Association | L.T*****ing | LAS CRUCES, NM | $50,000 |
| 2024-04 | Capital Certified Development Corporation | Gal*****nc. | Albuquerque, NM | $316,800 |
| 2024-03 | UMB Bank, National Association | Fir*****nc. | ALBUQUERQUE, NM | $100,000 |
| 2024-01 | Century Bank | Nor*****LLC | SANTA FE, NM | $50,000 |
| 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 |
| 2023-08 | U.S. Bank, National Association | RT *****LLC | MESQUITE, NM | $23,000 |
| 2022-10 | Wells Fargo Bank National Association | ALL*****LLC | RIO RANCHO, NM | $25,000 |
| 2022-08 | Century Bank | RAM*****LLC | SANTA FE, NM | $50,000 |
| 2022-08 | Western Commerce Bank | Leg*****Llc | Loving, NM | $975,000 |
| 2022-07 | Newtek Small Business Finance, Inc. | ART*****NC. | ALBUQUERQUE, NM | $700,000 |
| 2022-03 | UMB Bank, National Association | Fir*****nc. | Albuquerque, NM | $833,000 |
| 2022-01 | Western Commerce Bank | Gua*****LLC | Carlsbad, NM | $350,000 |
| 2021-10 | MISSINGMAINBANKID | RFS*****LLC | TAOS, NM | $327,200 |
| 2021-08 | Sunflower Bank National Association | SEQ*****INC | Albuquerque, NM | $150,000 |
| 2021-06 | First New Mexico Bank | Hig*****LLC | Deming, NM | $50,000 |
| 2021-02 | Wells Fargo Bank National Association | RIG*****LLC | ROSWELL, NM | $5,000 |
| 2020-10 | PNC Bank, National Association | TRI*****LLC | ALBUQUERQUE, NM | $10,000 |
| 2020-06 | Western Commerce Bank | Mr.*****rez | HOBBS, NM | $15,000 |
| 2020-03 | United Midwest Savings Bank National Association | Han*****LLC | ALBUQUERQUE, NM | $150,000 |
| 2020-02 | Century Bank | Hig*****LLC | HERNANDEZ, NM | $27,900 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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