First New Mexico Bank
DEMING, NM 88030
States Served
Top Industries Financed
- All Other Specialty Trade Contractors
Quick Summary
First New Mexico Bank is an SBA-approved lender headquartered in DEMING, New Mexico. Since 2020, they have approved 1 SBA 7(a) loans totaling $50K, with an average loan size of $50K. They primarily serve New Mexico businesses.
About First New Mexico Bank
First New Mexico Bank is an SBA-approved lender headquartered in DEMING, New Mexico. Since 2020, they have approved 1 SBA 7(a) loans totaling $50K, with an average loan size of $50K. They primarily serve businesses in New Mexico.
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Frequently Asked Questions
Is First New Mexico Bank an SBA Preferred Lender?
First New Mexico Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has First New Mexico Bank approved?
According to SBA FOIA public records, First New Mexico Bank has approved 1 SBA 7(a) loans totaling $50K since 2020. Their average loan size is $50K.
What states does First New Mexico Bank serve?
First New Mexico Bank primarily serves businesses in New Mexico.
How do I apply for an SBA loan with First New Mexico Bank?
To apply for an SBA 7(a) loan with First New Mexico Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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