Lea County State Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Lea County State Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 213112 | Support Activities for Oil and Gas Operations | 29 | $12.4M | $429K | 17.6% |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 8 | $798K | $100K | 4.8% |
| 621111 | Offices of Physicians (except Mental Health Specialists) | 4 | $955K | $239K | 2.4% |
| 327320 | Ready-Mix Concrete Manufacturing | 3 | $2.3M | $769K | 1.8% |
| 811192 | Car Washes | 3 | $320K | $107K | 1.8% |
| 424990 | Other Miscellaneous Nondurable Goods Merchant Wholesalers | 3 | $865K | $288K | 1.8% |
| 562910 | Remediation Services | 2 | $1.9M | $925K | 1.2% |
| 541110 | Offices of Lawyers | 2 | $150K | $75K | 1.2% |
| 541211 | Offices of Certified Public Accountants | 2 | $365K | $183K | 1.2% |
| 532490 | Other Commercial and Industrial Machinery and Equipment Rental and Leasing | 2 | $1.1M | $575K | 1.2% |
Geographic Distribution
SBA lending activity for Lea County State Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Mexico (NM) | 158 | $37.1M | 95.8% |
| Texas (TX) | 6 | $2.2M | 3.6% |
| Arizona (AZ) | 1 | $172K | 0.6% |
Why Choose Lea County State Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 165 SBA loans approved, totaling $39.5M in financing
- ✓Industry Expertise: Specialized focus on Support Activities for Oil and Gas Operations, Specialized Freight (except Used Goods) Trucking, Local, Offices of Physicians (except Mental Health Specialists)
- ✓Competitive Terms: Average interest rate of 6.12% with flexible term lengths averaging 90 months
- ✓Loan Range: Loan sizes from $6K to $1.5M, with an average of $239K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in NM, TX, AZ
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 Lea County State Bank SBA lending
What types of businesses does Lea County State Bank typically finance?
Lea County State Bank specializes in SBA 7(a) lending to specific industries including support activities for oil and gas operations, specialized freight (except used goods) trucking, local, offices of physicians (except mental health specialists), ready-mix concrete manufacturing. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Lea County State Bank's typical SBA loan terms?
Lea County State Bank's SBA 7(a) loans typically feature an average interest rate of 6.12% and average term length of 90 months (approximately 8 years). Loan sizes range from $6K to $1.5M, with an average loan size of $239K.
Do I need a business valuation for a Lea County State Bank SBA loan?
Yes, Lea County State Bank 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 Lea County State Bank compare to other SBA lenders?
Lea County State Bank has originated 165 SBA loans totaling $39.5M 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 Lea County State Bank lend in?
Lea County State Bank provides SBA 7(a) financing with particularly strong presence in NM, 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.
Get your certified valuation from Fair Market Value.