Citizens Bank of Las Cruces
SBA 7(a) Lending Profile · FY 2022 analysis
Industry Focus
Top industries served by Citizens Bank of Las Cruces
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 541191 | Title Abstract and Settlement Offices | 8 | $6.6M | $821K | 25.0% |
| 812310 | Coin-Operated Laundries and Drycleaners | 8 | $1.1M | $139K | 25.0% |
| 722513 | Limited-Service Restaurants | 8 | $2.7M | $335K | 25.0% |
| 624410 | Child Day Care Services | 8 | $2.6M | $322K | 25.0% |
Geographic Distribution
SBA lending activity for Citizens Bank of Las Cruces by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 8 | $6.6M | 25.0% |
| Texas (TX) | 24 | $6.4M | 75.0% |
Why Choose Citizens Bank of Las Cruces?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 32 SBA loans approved, totaling $12.9M in financing
- ✓Industry Expertise: Specialized focus on Title Abstract and Settlement Offices, Coin-Operated Laundries and Drycleaners, Limited-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.88% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $139K to $821K, with an average of $404K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in TX, NM
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 title abstract and settlement offices, coin-operated laundries and drycleaners, limited-service restaurants, child day care services. 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 6.88% and average term length of 112 months (approximately 9 years). Loan sizes range from $139K to $821K, with an average loan size of $404K.
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 32 SBA loans totaling $12.9M since 2020. 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 TX, NM. 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.
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Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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