Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Farmington, New Mexico Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Farmington, New Mexico are available. You just need to talk to the right bank.

If you are hoping to get a small business loan and your business is based in Farmington, New Mexico, we've assembled a list of local small business banks that you should contact.

Local Farmington Banks

To help you learn more about local small business lenders, here's our list of small business banks in Farmington.

Small Business Bank Recent SBA Loans
Bank Of America  
Bank Of The Southwest 5
Citizens Bank - Main Office & Branches  
Farmington Savings Bank  
First National Bank  
Four Corners Community Bank 7
The Citizens Bank 12
Vectra Bank Colorado 109
Washington Fed. S & L Association 1
Wells Fargo Bank 1
Wells Fargo Home Mortgage  

Business Loan Providers for Farmington Businesses

Be sure to speak with bankers outside of Farmington, New Mexico. These banks, in the table below, have lent to other Farmington small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Small Business Bank Recent SBA Loans
1st National Bank - Durango
Durango, CO
1
Bank Of America
Charlotte, NC
13
Bank Of The Southwest
Roswell, NM
14
California Bank & Trust
Sacramento, CA
3
Capital One
Mclean, VA
4
Cit Small Business Lending Corp
Livingston, NJ
2
Community So. Bank D.b.a Commun
Parsons, TN
1
First Community Bank
Taos, NM
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
U.S. Bank National Association
Cincinnati, OH
1
United Western Bank
Denver, CO
1
Washington Fed. S & L Association
Gallup, NM
2
Wells Fargo Bank
Austin, TX
2
Wells Fargo Bank
Phoenix, AZ
2
Wells Fargo Bank
San Jose, CA
9

Farmington Bank Loan Tips

Borrowing money is one of the most common sources of funding for a small business, but getting small business financing can be difficult.

Improve your odds by talking to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.

By meeting with all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get very competitive loan terms.

Remember, before visiting with local small business banks, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Only Idiots Send Venture Capitalists Business Plans.

More Business Loan Info for New Mexico
Get a Business Loan in Espanola
Get a Business Loan in Gallup

Browse All Business Loan Sources for New Mexico