SBA Loans for Motor Vehicle Towing in New Mexico: Top Lenders
NAICS 488NAICS 488 covers motor vehicle towing businesses in New Mexico. Based on historical SBA 7(a) lending data.
Total Approvals
1
in New Mexico
Median Loan Size
$199,500
per approval
Recent Activity
0
last 90 days through Mar 2021
NAICS 488 covers motor vehicle towing businesses. This is a smaller category in SBA 7(a) lending with 1 approvals on record and a median loan size of $199,500.
Key trends & insights
- Motor Vehicle Towing in New Mexico loans skew smaller than the SBA average at $199,500 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 2021-03-22 — the SBA releases lending data on a quarterly lag, so recent activity may not yet be reflected.
Most active SBA lenders for Motor Vehicle Towing in New Mexico
| # | Lender | Approvals | Median Size |
|---|---|---|---|
| 1 | 1 | $199,500 |
Recent SBA 7(a) approvals for Motor Vehicle Towing in New Mexico
| Month | Lender | Borrower | Location | Amount |
|---|---|---|---|---|
| 2022-02 | U.S. Bank, National Association | ALE*****LLC | SANTA FE, NM | $62,000 |
| 2021-03 | Bank of the Southwest | Cas*****LLC | Farmington, NM | $199,500 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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