Bank of the Southwest
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Bank of the Southwest · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 16 | $2.7M | $170K | 3.5% |
| 213112 | Support Activities for Oil and Gas Operations | 14 | $3.2M | $231K | 3.1% |
| 811111 | General Automotive Repair | 12 | $1.6M | $132K | 2.6% |
| 238910 | Site Preparation Contractors | 10 | $2.1M | $213K | 2.2% |
| 624410 | Child Care Services | 9 | $1.2M | $131K | 2.0% |
| 721110 | Hotels (except Casino Hotels) and Motels | 8 | $2.6M | $324K | 1.7% |
| 812112 | Beauty Salons | 8 | $477K | $60K | 1.7% |
| 326199 | All Other Plastics Product Manufacturing | 7 | $4.4M | $629K | 1.5% |
| 115114 | Postharvest Crop Activities (except Cotton Ginning) | 7 | $4.9M | $697K | 1.5% |
| 423830 | Industrial Machinery and Equipment Merchant Wholesalers | 6 | $811K | $135K | 1.3% |
Geographic Distribution
SBA lending activity for Bank of the Southwest by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 445 | $95.4M | 97.2% |
| Colorado (CO) | 4 | $1.5M | 0.9% |
| Kansas (KS) | 4 | $470K | 0.9% |
| Nebraska (NE) | 1 | $68K | 0.2% |
| Texas (TX) | 1 | $48K | 0.2% |
| Illinois (IL) | 1 | $31K | 0.2% |
| New York (NY) | 1 | $20K | 0.2% |
| Arizona (AZ) | 1 | $20K | 0.2% |
Why Choose Bank of the Southwest?
Based on SBA 7(a) lending track record from 1991-2024
- ✓Proven Track Record: 458 SBA loans approved, totaling $97.6M in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers, Support Activities for Oil and Gas Operations, General Automotive Repair
- ✓Competitive Terms: Average interest rate of 6.09% with flexible term lengths averaging 113 months
- ✓Loan Range: Loan sizes from $3K to $3.8M, with an average of $213K
- ✓Nationwide Reach: Active lending in 8 states, with strong presence in NM, CO, KS
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Bank of the Southwest SBA lending
What types of businesses does Bank of the Southwest typically finance?
Bank of the Southwest specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers, support activities for oil and gas operations, general automotive repair, site preparation contractors. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Bank of the Southwest's typical SBA loan terms?
Bank of the Southwest's SBA 7(a) loans typically feature an average interest rate of 6.09% and average term length of 113 months (approximately 9 years). Loan sizes range from $3K to $3.8M, with an average loan size of $213K.
Do I need a business valuation for a Bank of the Southwest SBA loan?
Yes, Bank of the Southwest typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Bank of the Southwest compare to other SBA lenders?
Bank of the Southwest has originated 458 SBA loans totaling $97.6M since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Bank of the Southwest lend in?
Bank of the Southwest provides SBA 7(a) financing with particularly strong presence in NM, CO, KS, TX, AZ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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