We are a recognized leader in Small Business Administration (SBA) lending in our communities, New Mexico and the nation. We were named "2016 Community Rural Lender of the Year" by the New Mexico SBA and "2011 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. Compare SBA loans.
The primary purpose of the 7(a) loan program is to help start-up and existing small businesses.
Maximum loan: | $5,000,000 |
Maximum term: | Working capital - 7 to 10 years Furniture and fixtures - useful life Machinery and equipment - useful life Real estate - 25 years |
A 504 is a long-term financing instrument for economic development. 504 loans offer growing businesses long-term, fixed-rate financing for major fixed assets such as land, buildings and equipment.
Maximum loan: | $5,000,000 |
Maximum term: | Machinery and/or equipment - 10 years Land and buildings - 20 years |
The purpose of the SBA Express program is to help start-up and existing small business.
Maximum loan: | $350,000 (including any outstanding SBA Express, Community Express, Veterans Advantage loans) |
Maximum term: | Revolving lines of credit - 7 years Working capital - 7 to 10 years Furniture and fixtures - useful life Machinery and equipment - useful life Real estate - 25 years |
This SBA loan program is designed for small businesses that are 51% or more owned and or controlled by veterans, service disabled veterans, active duty military participating in the military's Transition Assistance Program; reservist or national guard member or a current spouse of any of these groups; a widowed spouse of a service member who died while in service; or a widowed spouse of a veteran who died of a service-connected disability.
Maximum loan: | $500,000 (including any outstanding SBA Express, Community Express, Veterans Advantage loans) |
Maximum term: | Revolving lines of credit - 7 years Working capital - 7 to 10 years Furniture and fixtures - useful life Machinery and equipment - useful life Real estate - 25 years |
For more information sba.gov
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