First New Mexico Bank of Silver City
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by First New Mexico Bank of Silver City · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 713940 | Fitness and Recreational Sports Centers | 1 | $350K | $350K | 33.3% |
Geographic Distribution
SBA lending activity for First New Mexico Bank of Silver City by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 3 | $513K | 100.0% |
Why Choose First New Mexico Bank of Silver City?
Based on SBA 7(a) lending track record from 1998-2002
- ✓Proven Track Record: 3 SBA loans approved, totaling $513K in financing
- ✓Industry Expertise: Specialized focus on Fitness and Recreational Sports Centers
- ✓Competitive Terms: Average interest rate of — with flexible term lengths averaging 150 months
- ✓Loan Range: Loan sizes from $30K to $350K, with an average of $171K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in 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 First New Mexico Bank of Silver City SBA lending
What types of businesses does First New Mexico Bank of Silver City typically finance?
First New Mexico Bank of Silver City specializes in SBA 7(a) lending to specific industries including fitness and recreational sports centers. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are First New Mexico Bank of Silver City's typical SBA loan terms?
First New Mexico Bank of Silver City's SBA 7(a) loans typically feature an average interest rate of — and average term length of 150 months (approximately 13 years). Loan sizes range from $30K to $350K, with an average loan size of $171K.
Do I need a business valuation for a First New Mexico Bank of Silver City SBA loan?
Yes, First New Mexico Bank of Silver City 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 First New Mexico Bank of Silver City compare to other SBA lenders?
First New Mexico Bank of Silver City has originated 3 SBA loans totaling $513K since 1998. 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 First New Mexico Bank of Silver City lend in?
First New Mexico Bank of Silver City provides SBA 7(a) financing with particularly strong presence in 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.
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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