Lending data
Who actually lends to wholesale businesses in New Mexico?
29 SBA 7(a) loans went to wholesale businesses in New Mexico recently, at a median of $200,000. Here are the lenders that made them, ranked.
29 SBA 7(a) loans went to wholesale businesses in New Mexico in the most recent fiscal years. The median was $200,000 over 10 years. The most active lender was BMO Bank, with 3 loans.
What lending to wholesale businesses in New Mexico actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Wholesale trade, New Mexico | All 7(a) borrowers |
|---|---|---|
| Loans approved | 29 | 214,102 |
| Median loan | $200,000 | $150,000 |
| 25th - 75th percentile | $40,050 - $693,100 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 9.75% | 10.25% |
| Share to startups | 27.6% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 5.6% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to wholesale businesses in New Mexico. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| BMO Bank | 3 | $504,100 | 0% | 7.32% |
| Wells Fargo Bank | 3 | $15,000 | 100% | 15.00% |
| Northeast Bank | 3 | $40,100 | 33% | 10.75% |
| Bank of the Southwest | 2 | $927,500 | 0% | 8.38% |
| BayFirst National Bank | 2 | $111,500 | 0% | 11.88% |
| Western Commerce Bank | 2 | $377,800 | 100% | 8.90% |
| Readycap Lending, LLC | 2 | $27,500 | 0% | 14.12% |
| U.S. Bank | 2 | $367,100 | 0% | 8.12% |
| Live Oak Banking Company | 2 | $909,000 | 0% | 9.38% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run larger than average. The median of $200,000 is 33% above the $150,000 national median. Expect lenders in this market to be geared toward bigger deals, and expect a small request to get less attention.
- Startup share is about average, at 28% against 34% nationally.
- No single lender dominates, but the top three made 31% of these loans, so the shortlist below covers most of the active market.
- Rates run lower here. The median initial rate of 9.75% is 0.50 points below the 10.25% national median, which usually tracks loan size and perceived sector risk rather than geography.
Which of them lend to new businesses
Of those loans, 27.6% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| Wells Fargo Bank | 3 | $15,000 | 100% | 15.00% |
| Western Commerce Bank | 2 | $377,800 | 100% | 8.90% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in New Mexico: restaurants and hotels, construction, retail, personal services, healthcare, professional services
- Wholesale in comparable states: Hawaii, Rhode Island, Delaware, Mississippi, Kentucky, Vermont