SBA 7(a) lenders in Chaves, NM
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
23 institutions have SBA 7(a) loans on record in Chaves, together $39.6M across 119 loans. Bank of the Southwest is the largest, with 18% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Bank of the Southwest | 31 | $7.2M | 18.2% | 1.42% |
| 2 | Peoples Bank and Trust Company | 1 | $5.0M | 12.6% | 0.00% |
| 3 | Wells Fargo Bank National Association | 36 | $4.8M | 12.2% | 0.21% |
| 4 | Western Commerce Bank | 11 | $3.9M | 9.9% | 0.00% |
| 5 | First American Bank | 15 | $3.8M | 9.6% | 0.00% |
| 6 | America First Federal Credit Union | 1 | $3.2M | 8.0% | 0.00% |
| 7 | Heritage Bank Inc | 1 | $2.4M | 6.1% | 0.00% |
| 8 | Plains State Bank | 2 | $2.2M | 5.5% | 0.00% |
| 9 | Southwest Heritage Bank | 1 | $1.4M | 3.5% | 0.00% |
| 10 | PNC Bank, National Association | 2 | $1.1M | 2.8% | 0.00% |
| 11 | James Polk Stone Community Bank | 1 | $936K | 2.4% | 0.00% |
| 12 | First Bank of the Lake | 1 | $925K | 2.3% | 0.00% |
| 13 | FFB Bank | 1 | $654K | 1.7% | 0.00% |
| 14 | Pioneer Bank | 4 | $637K | 1.6% | 0.00% |
| 15 | Live Oak Banking Company | 1 | $365K | 0.9% | 0.00% |
| 16 | Newtek Small Business Finance, Inc. | 1 | $300K | 0.8% | 0.00% |
| 17 | First Savings Bank | 3 | $295K | 0.7% | 0.00% |
| 18 | Northeast Bank | 1 | $150K | 0.4% | 0.00% |
| 19 | BayFirst National Bank | 1 | $150K | 0.4% | 0.00% |
| 20 | DreamSpring | 1 | $83K | 0.2% | 0.00% |
| 21 | Newtek Bank, National Association | 1 | $55K | 0.1% | 0.00% |
| 22 | Capital One National Association | 1 | $50K | 0.1% | 93.12% |
| 23 | VelocitySBA, LLC | 1 | $8K | 0.0% | 0.00% |
Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.
What the money went into
| Rank | Industry | Loans | Approved | Share of county |
|---|---|---|---|---|
| 1 | Accommodation & food services | 18 | $8.4M | 21.1% |
| 2 | Information | 2 | $8.0M | 20.2% |
| 3 | Wholesale trade | 4 | $4.0M | 10.0% |
| 4 | Real estate & leasing | 6 | $3.7M | 9.4% |
| 5 | Health care & social assistance | 17 | $3.7M | 9.4% |
| 6 | Other services | 9 | $2.9M | 7.2% |
| 7 | Arts, entertainment & recreation | 6 | $1.6M | 4.0% |
| 8 | Retail trade | 9 | $1.5M | 3.8% |
| 9 | Administrative & waste services | 5 | $1.3M | 3.2% |
| 10 | Mining & extraction | 4 | $1.2M | 3.0% |
| 11 | Retail trade | 7 | $997K | 2.5% |
| 12 | Manufacturing | 3 | $720K | 1.8% |
| 13 | Transportation & warehousing | 12 | $712K | 1.8% |
| 14 | Professional & technical services | 4 | $325K | 0.8% |
| 15 | Agriculture, forestry & fishing | 3 | $199K | 0.5% |
| 16 | Construction | 4 | $151K | 0.4% |
| 17 | Utilities | 1 | $150K | 0.4% |
| 18 | Manufacturing | 4 | $95K | 0.2% |
| 19 | Manufacturing | 1 | $70K | 0.2% |
Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.
About this data
Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.