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Buying a Business in New Mexico

The Numbers

FY2025 Acquisition Loans

57

$82.5M approved

Median Loan

$974k

FY2020 through FY2025

Loans Since FY2020

176

$235M in total approvals

Share of U.S. Activity

0.5%

Of change-of-ownership loans

What the Data Says

New Mexico ranks 40th of 53 states and territories for change-of-ownership SBA 7(a) lending: 176 loans since FY2020, 0.5% of the national total.

The typical deal runs large: its $974k median loan sits above the $650k midpoint across states, so expect bigger checks and the larger injection and cash flow they need.

Activity is accelerating: FY2025's 57 loans ran ahead of the state's own ~29 a year pace since FY2020.

The most-financed target is hotels (except casino hotels) and motels (21 loans), and the 5 most active lenders wrote about 32% of the state's acquisitions, a broad lender field.

Most Active Acquisition Lenders in New Mexico

  1. 1. Live Oak Banking Company27 loans
  2. 2. BMO Bank National Association9 loans
  3. 3. UMB Bank, National Association8 loans
  4. 4. United Midwest Savings Bank National Association6 loans
  5. 5. Open Bank6 loans

A lender being active in New Mexico does not require a local branch; several top SBA lenders work nationally. Build a shortlist with Lenders.

What Gets Bought in New Mexico

  • Hotels (except Casino Hotels) and Motels21 loans
  • Full-Service Restaurants7 loans
  • Engineering Services5 loans
  • Offices of Certified Public Accountants5 loans
  • Limited-Service Restaurants5 loans

Industry-specific pricing and diligence live in the Guides. How many buyable businesses New Mexico holds in each trade is in Where the Businesses Are.

Method & Source

Computed from the SBA 7(a) FOIA loan-level dataset (FY2020 through FY2025), filtered to approvals flagged change of ownership with a New Mexico project address. Approvals, not closings; excludes conventional and 504 financing.