A real zero, and a high cancellation floor

Clovis is a micropolitan area in Curry County, with Roosevelt County alongside, and it shows something unusual: nothing charged off to date, a rate of 0.00%, and 0.00% within five years, across 46 funded loans. That is a printed rate on a large enough cohort, so it is a measured zero, not a missing value. Against it stands a cancellation floor of 22.7%, with the ceiling the same. Cancellation is the distinctive metric for Clovis, at a floor of 22.7%.

SBA approved 106 loans across FY2017 to FY2026, $60.3 million gross, rank 455 of 928; 101 are 7(a) and 5 are 504. Median loan in Clovis: $150,000. Clovis reads 0.72x against the national figure. Within Clovis, half of loans are $71,625 to $401,500. Brands hold 7.5% of the count. Curry County has 86 loans and Roosevelt County 20. Clovis lists full-service restaurant first, 7 loans, then hotel and motel, 5, and puts 75 loans outside the classes. Loan Analytics withholds FY2018 and FY2020 in the yearly record, because those years rest on too few loans. What is printed shows 14 loans and $8.4 million in FY2017, a peak of 21 loans and $17.4 million in FY2021, and a closing year, FY2026, of 5 loans and $1.5 million.

Clovis lenders

Clovis lenders on 7(a) run The Bank of Clovis (35 loans, $11.7 million), Western Commerce Bank (28 loans, $22.5 million) and, at 16 loans and $3.8 million, U.S. Bank, National Association; the 504 list is empty. Clovis lists come from SBA's holder records. Clovis names hold or held the loans shown. Clovis volume is no lender's verdict. Clovis counts state no requirement.

Clovis floors and the study

In Clovis, cancellations ran at least 22.7%. That covers Clovis approvals FY2017 to FY2024. Clovis reaches 22.7% with undisbursed loans included. The Clovis cohort of 46 funded loans shows charge-offs of 0.00%, 0.00% within five years, and open loans could still change that. Counties build Clovis. By name, Clovis matches each project's county; Clovis follows the July 2023 delineation. Clovis drops loans with unplaceable counties, and Clovis counts approvals outside named classes. Clovis work should check that approvals reach closing, then test demand, cost and debt service, and compare value with Curry County sales. Daniel Smith, MAI, signs every Clovis study. Loan Analytics prepares each Clovis study.

SBA loans in the Clovis, NM Micro Area

Loans approved, FY2017 to FY2026	106
Gross dollars approved	$60.3 million
Median loan	$150,000
Middle half of loans, from	$71,625
Middle half of loans, to	$401,500
SBA 7(a) loans	101
SBA 504 loans	5
Franchise share of loans	7.5%
Rank among metro and micro areas by loans	455 of 928
Median loan against the national median	0.72x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	22.7%
The same, counting loans still undisbursed as cancelled (a ceiling)	22.7%
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	0.00%
Charged off within five years of approval	0.00%
Loans in that cohort	46

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA loans approved in the Clovis, NM Micro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	14	$8.4 million
FY2018	withheld	withheld
FY2019	8	$2.2 million
FY2020	withheld	withheld
FY2021	21	$17.4 million
FY2022	16	$12.0 million
FY2023	10	$14.4 million
FY2024	8	$847,200
FY2025	13	$2.1 million
FY2026	5	$1.5 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	75
Full-service restaurant	7
Hotel and motel	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
The Bank of Clovis	35	$11.7 million
Western Commerce Bank	28	$22.5 million
U.S. Bank, National Association	16	$3.8 million
Wells Fargo Bank National Association	5	$302,500

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Curry County, NM	86
Roosevelt County, NM	20

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-17580.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Clovis, NM Micro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Feasibility Study Data for the Clovis, NM Micro Area