SBA 504 Loans in New Mexico
Browse 11 lenders offering sba 504 loans in New Mexico. Compare rates, requirements, and loan programs — then connect directly.
SBA 504 Lenders in New Mexico
11 lenders offering sba 504 loans to borrowers in New Mexico.
Live Oak Banking Company
WILMINGTON, NC
One of the nation's top SBA 7(a) lenders, specializing in lending to small businesses across healthcare, veterinary, beverage, self-storage, and other industries. Offers SBA loans, USDA loans, conventional business loans, and commercial real estate financing.
U.S. Bank, National Association
Cincinnati, OH
Fifth-largest commercial bank in the U.S. and a top SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, and a full suite of business banking products.
Readycap Lending, LLC
BERKELEY HEIGHTS, NJ
Non-bank SBA preferred lender offering SBA 7(a) and 504 loans nationwide. Specializes in commercial real estate, business acquisition, and expansion financing for small businesses. Known for fast closings and flexible underwriting.
Bank of Hope
LOS ANGELES, CA
One of the largest Korean-American banks in the U.S. and a top SBA 7(a) lender. Offers commercial real estate loans, SBA lending, trade finance, and full-service commercial banking with branches across major metro areas.
Cadence Bank
TUPELO, MS
Regional bank serving the Southeast and Texas, and an active SBA preferred lender. Offers SBA 7(a) and 504 loans, commercial real estate lending, equipment financing, and full-service business banking.
Zions Bank, A Division of
SALT LAKE CITY, UT
Major Western U.S. bank and SBA preferred lender. Offers SBA 7(a) and 504 loans, conventional commercial lending, commercial real estate, equipment financing, and agricultural lending across the Mountain West.
First-Citizens Bank & Trust Company
RALEIGH, NC
One of the largest family-controlled banks in the U.S., headquartered in Raleigh, NC. Offers SBA 7(a) and 504 loans, commercial real estate, equipment financing, and lines of credit for businesses nationwide.
B:Side Capital
Denver, CO
Denver-based Certified Development Company providing SBA 504 and 7(a) financing since 1990. Specializes in helping small businesses acquire commercial real estate and heavy equipment with low down payments.
Wells Fargo
San Francisco, CA
Top commercial real estate lender. CMBS, balance sheet, agency, and SBA lending across all property types.
LiftFund, Inc.
San Antonio, TX
Enchantment Land Certified Development Company
Albuquerque, NM
About SBA 504 Loans in New Mexico
SBA 504 loans provide long-term, fixed-rate financing for major fixed assets like commercial real estate and heavy equipment. The loan is split between a bank (50%), a Certified Development Company (40%), and your down payment (10%), resulting in below-market rates on the CDC portion. In New Mexico, 11 lenders currently offer SBA 504 financing with loan amounts from $125K to $17M and rates typically ranging from Below market (CDC portion ~5-6%).
New Mexico Market Overview
New Mexico's economy is significantly driven by federal installations including Los Alamos and Sandia National Laboratories, along with growing energy production in the Permian Basin. The state's film tax incentives have stimulated production-related commercial development.
New Mexico imposes a Gross Receipts Tax on commercial rent income, effectively functioning as a sales tax on leasing that landlords typically pass through to tenants, adding 5% to 9% to occupancy costs depending on location. The state's LEDA (Local Economic Development Act) allows municipalities to offer direct incentives including land, buildings, and infrastructure to qualifying commercial projects. The Permian Basin region in southeastern New Mexico has seen rapid industrial and commercial growth tied to oil and gas activity, though the cyclical nature of energy markets creates boom-bust risk that lenders should carefully evaluate.
Who Should Consider SBA 504 Loans?
- Owner-occupied commercial real estate
- Heavy equipment purchase
- Business expansion
- New construction
Key Requirements
- For-profit business
- Net worth under $15M
- Average net income under $5M (after taxes) for prior 2 years
- 51%+ owner occupancy
- Create or retain jobs (1 per $90,000 CDC)
Pros and Cons
Advantages
- ✓Only 10% down payment
- ✓Below-market fixed rate on CDC portion
- ✓Long terms (20-25 years for RE)
- ✓No balloon payments
Considerations
- •Must be owner-occupied (51%+ for existing, 60%+ for new construction)
- •Cannot be used for working capital
- •Longer closing timeline
- •Two closings (bank + CDC)
SBA 504 Loans FAQ
What is a Certified Development Company (CDC)? ▼
Can I use SBA 504 for a rental property? ▼
How is the SBA 504 loan structured? ▼
SBA 504 Loans by City in New Mexico
Find SBA 504 Lenders in New Mexico
Get matched with lenders offering sba 504 loans in NM. Free for borrowers.
Get Matched — Free →