Citizens Bank of Las Cruces
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Citizens Bank of Las Cruces · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541511 | Custom Computer Programming Services | 7 | $971K | $139K | 4.9% |
| 541330 | Engineering Services | 7 | $809K | $116K | 4.9% |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologists | 6 | $922K | $154K | 4.2% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 5 | $314K | $63K | 3.5% |
| 621210 | Offices of Dentists | 5 | $1.4M | $276K | 3.5% |
| 812112 | Beauty Salons | 3 | $151K | $50K | 2.1% |
| 541191 | Title Abstract and Settlement Offices | 3 | $3.6M | $1.2M | 2.1% |
| 532310 | General Rental Centers | 3 | $1.4M | $460K | 2.1% |
| 561440 | Collection Agencies | 2 | $75K | $38K | 1.4% |
| 541110 | Offices of Lawyers | 2 | $105K | $53K | 1.4% |
Geographic Distribution
SBA lending activity for Citizens Bank of Las Cruces by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 137 | $24.9M | 95.8% |
| Texas (TX) | 5 | $912K | 3.5% |
| Hawaii (HI) | 1 | $150K | 0.7% |
Why Choose Citizens Bank of Las Cruces?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 143 SBA loans approved, totaling $26.0M in financing
- ✓Industry Expertise: Specialized focus on Custom Computer Programming Services, Engineering Services, Offices of Physical, Occupational and Speech Therapists, and Audiologists
- ✓Competitive Terms: Average interest rate of 6.97% with flexible term lengths averaging 93 months
- ✓Loan Range: Loan sizes from $5K to $2.0M, with an average of $182K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NM, TX, HI
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 Citizens Bank of Las Cruces SBA lending
What types of businesses does Citizens Bank of Las Cruces typically finance?
Citizens Bank of Las Cruces specializes in SBA 7(a) lending to specific industries including custom computer programming services, engineering services, offices of physical, occupational and speech therapists, and audiologists, offices of physicians (except mental health specialists). They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens Bank of Las Cruces's typical SBA loan terms?
Citizens Bank of Las Cruces's SBA 7(a) loans typically feature an average interest rate of 6.97% and average term length of 93 months (approximately 8 years). Loan sizes range from $5K to $2.0M, with an average loan size of $182K.
Do I need a business valuation for a Citizens Bank of Las Cruces SBA loan?
Yes, Citizens Bank of Las Cruces 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 Citizens Bank of Las Cruces compare to other SBA lenders?
Citizens Bank of Las Cruces has originated 143 SBA loans totaling $26.0M 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 Citizens Bank of Las Cruces lend in?
Citizens Bank of Las Cruces provides SBA 7(a) financing with particularly strong presence in NM, TX, HI. 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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