SBA Loan Programs
SBA Loan Programs
We are a recognized leader in Small Business Administration (SBA) lending in our local communities, New Mexico, and the nation. We are an award winning community lender and have been named ‘Community Rural Lender of the Year’ by the New Mexico SBA and ‘National Community Rural Lender of the Year‘ by the National SBA. As an SBA Preferred Lender we are able streamline and accelerate the loan approval process.
Call Rusty at 505.798.1121 to find out more about our SBA Lending Programs.
SBA 7(a) Loan
The primary purpose of the 7(a) loan program is to help start-up and existing small businesses.
Combined needs for:
- Commercial real estate (owner occupied)
- Machinery and equipment
- Business acquisition/expansion
- Purchase of land and building including construction and renovations
- Working capital
- Refinancing of existing debt, for compelling reasons
| Maximum loan: | $5,000,000 |
| Maximum term: | Working capital – not to exceed 10 years Equipment, furniture and fixtures – not to exceed 10 years Real estate – 25 years |
SBA 504 Loan (Real Estate and Equipment)
This loan is a long-term financing instrument for economic development. A 504 loan offers growing businesses long-term, fixed-rate financing for major fixed assets such as land, buildings and equipment.
Long-term needs for:
- Land and buildings
- Machinery and/or equipment
| Maximum loan: | $5,000,000 – $5,500,000 – depending on business type or project |
| Maximum term: | Machinery and/or equipment – 10 years Land and buildings – 25 years |
SBA Express Loan
The purpose of the SBA Express program is to help start-up and existing small businesses.
Short or long-term needs for:
- Commercial real estate (owner occupied)
- Machinery and equipment
- Business acquisition/expansion
- Purchase of land and building including construction and renovations
- Working capital
| Maximum loan: | $500,000 |
| Maximum term: | Revolving line of credit – 5 years/term-out period – 5 years Working capital – not to exceed 10 years Equipment, furniture and fixtures – not to exceed 10 years Real estate – 25 years |
SBA Loan to Veterans processed under SBA Express
Small business must be owned and controlled (51%) by one or more or the following groups: veteran, active-duty military in TAP, reservist or National Guard member or a spouse of any of these groups, or a widowed spouse or a service member or veteran who died during service, or a service-connected disability.
To learn more about SBA loan programs.
To help guide you through the SBA loan process.