Loan Census Banking News and Information
December 15, 2018  
 
 
  Business Loan Information  
 

Business Loan Albuquerque, New Mexico

 
Loan Census SBA Loan Info

Looking for a Albuquerque, New Mexico small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

These materials were prepared for entrepreneurs in Albuquerque, New Mexico who are interested in getting a small business loan.

Local Albuquerque Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Albuquerque.

Small Business Bank Recent SBA Loans
1 St Heritage Bank of New Mexico  
Access Anytime Bancorp, Inc. 1
AccessBank  
Advisory Group  
ATM Service Company  
Automated Financial Technologies  
Banc Of America Investment Services- Inc  
Bank - Albuquerque 14
Bank 1st 8
Bank of Albuquerque  
Bank Of America  
Bank of Belen  
Bank of the West  
Bantek West Inc  
Brandt Money Processing Systems  
Charter Bank 10
Citicorp Trust Bank  
Compass Bank 1
Cummins-Allison Corporation  
Diebold Incorporated - Sales  
DSRM National Bank  
First Community Bank 17
First Federal Bank  
First National Bank of Sante Fe  
First State Bancorporation 1
First State Bank  
Firstbank  
Fisource Inc  
High Desert State Bank  
Interamerica Bank  
Ironstone Bank 1
Main Bank 9
Michelle M Munson  
New Mexico Bank & Trust 42
Newmexico Bank & Trust  
Peoples Bank 1
Ranchers Banks  
Red Hawk Industries  
Sandia Area Federal Credit Union  
Sandia Mortgage  
State Farm Bank  
The Bank of Clovis  
Union Savings Bank 1
Washington Fed. S & L Association 1
Wells Fargo Bank 12
Western Bank Plaza Leasing and Management  
Western Commerce Bank 8

Lenders for Albuquerque Businesses

This is a list of banks outside of Albuquerque, New Mexico that have provided SBA loans to Albuquerque businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Banco Popular North America
Houston, TX
1
Banco Popular North America
New York City, NY
4
Bank Of America
Charlotte, NC
205
Bank Of The Southwest
Farmington, NM
1
Bank Of The Southwest
Roswell, NM
1
Bank Of The West
El Paso, TX
1
Bank Of The West
San Francisco, CA
1
Bank Of The West
Truckee, CA
7
Branch Bank & Trust
Winston Salem, NC
1
Business Lenders, LLC
Hartford, CT
1
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Richmond, VA
5
Capital One
Mclean, VA
34
Capital One Bank (usa)
Glen Allen, VA
1
Cit Small Business Lending Corp
Livingston, NJ
19
Comerica Bank
Dallas, TX
5
Commerce Bank
Flemington, NJ
2
Compass Bank
Birmingham, AL
65
First Chatham Bank
Savannah, GA
1
First Community Bank
Belen, NM
2
First Community Bank
Clovis, NM
2
First Community Bank
Rio Rancho, NM
4
First Community Bank
Taos, NM
120
First Fed. A Division - Washin
Roswell, NM
2
First National Bank - Santa Fe
Santa Fe, NM
1
First National Bank Of Arizona
Phoenix, AZ
2
First National Bank Of Arizona
Scottsdale, AZ
16
First Standard Bank
Los Angeles, CA
1
First State Bank
Gothenburg, NE
2
First Western Sblc, Inc
Dallas, TX
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
5
Grants State Bank
Grants, NM
5
Independence Bank
East Greenwich, RI
1
Innovative Bank
Oakland, CA
7
Lehman Brothers Bank, FSB
Boston, MA
1
Lehman Brothers Bank, FSB
Wilmington, DE
4
Los Alamos National Bank
Los Alamos, NM
2
Merrill Lynch Bank Usa
Salt Lake City, UT
1
Mountain America Fcu
West Jordan, UT
10
My Bank
Belen, NM
3
New Mexico Bank & Trust
Rio Rancho, NM
5
Newtek Small Business Finance Inc.
New York, NY
3
Pacific City Bank
Los Angeles, CA
1
Small Business Loan Source LLC
Houston, TX
1
Stearns Bank
Saint Cloud, MN
1
Sterling Savings Bank
Santa Rosa, CA
3
Sunrise Bank Of Arizona
Phoenix, AZ
35
U.S. Bank National Association
Cincinnati, OH
7
U.S. Bank National Association
San Diego, CA
1
United Commercial Bank
San Francisco, CA
1
United Western Bank
Denver, CO
1
Ups Capital Business Credit
Windsor, CT
4
Wachovia SBA Lending, Inc.
Roseville, CA
7
Wells Fargo Bank
Austin, TX
22
Wells Fargo Bank
Carlsbad, CA
1
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
Phoenix, AZ
36
Wells Fargo Bank
Salt Lake City, UT
1
Wells Fargo Bank
San Jose, CA
79
Wells Fargo Bank
Sioux Falls, SD
30
Western Commerce Bank
Carlsbad, NM
36

Tips for Getting a Business Loan in Albuquerque

Before meeting with banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the financing is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Business Cash Advances.

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