Business Banking

SBA Loan Programs

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.

SBA 7(a)

The primary purpose of the 7(a) loan program is to help start-up and existing small businesses.

Combined needs for:

  • Commercial real estate
  • Machinery and equipment
  • Business acquisition/expansion
  • Purchase of land and building including construction and renovations
  • Working capital
  • Refinancing of existing debt
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

SBA 504

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.

Long-term needs for:

  • Land and buildings
  • Machinery and/or equipment
Maximum loan: $5,000,000
Maximum term: Machinery and/or equipment - 10 years
Land and buildings - 20 years

SBA Express

The purpose of the SBA Express program is to help start-up and existing small business.

Short or long-term needs for:

  • Commercial real estate
  • Machinery and equipment
  • Business acquisition/expansion
  • Purchase of land and building including construction and renovations
  • Working capital
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

Veterans Advantage

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.

Short or long-term needs for:

  • Commercial real estate
  • Machinery and equipment
  • Business acquisition/expansion
  • Purchase of land and building including construction and renovations
  • Working capital
  • Refinancing of existing debt
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

Compare SBA loans.

For more information sba.gov

Personal Business Retirement
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