SBA 504 Hotel Feasibility Study in New Mexico
What SBA's own loan files show about SBA 504 lending to hotel and motel projects in New Mexico, and what a feasibility study for an SBA 504 loan there has to test.
What New Mexico adds to the national hotel and motel picture
Set beside the country, New Mexico contributes 26 SBA 504 loans for hotel and motel projects, $58.1 million overall, FY2017 to FY2026. In New Mexico the class stands 1 of 39, and New Mexico itself ranks 32 among states for hotel and motel. The $2.1 million median is 1.01x of the hotel and motel median nationwide under SBA 504, so New Mexico sits close to what hotel and motel tickets show elsewhere. In New Mexico, half of hotel and motel loans fall from $1.3 million to $2.9 million, and franchising marks 69.2% of New Mexico hotel and motel loans.
The hotel and motel holder table and map for New Mexico
B:Side Capital tops the New Mexico hotel and motel holder list on 8 loans and $18.4 million; The Mortgage Capital Development Corporation (6 loans, $14.9 million) is second in New Mexico; Enchantment Land Certified Development Company (6 loans, $14.2 million) is third. New Mexico names follow SBA's current-holder field. Bernalillo County, 11 loans, Dona Ana County, 2 loans, Mckinley County, 2 loans, Socorro County, 2 loans and Chaves County, 1 loan: those are the leading New Mexico hotel and motel places.
Year-by-year volume in New Mexico
The New Mexico hotel and motel record opens at 1 loan and $614,000 in FY2017, peaks at 8 loans ($15.7 million) in FY2025, and New Mexico closes the series at 4 loans and $15.0 million in FY2026. FY2020 and FY2021 and FY2023 show no New Mexico hotel and motel approvals.
Floors for hotel and motel lenders to read
The New Mexico hotel and motel cancellation rate is held back: hotel and motel approvals are too few, so this New Mexico page offers no hotel and motel figure for it. For New Mexico hotel and motel loans, no New Mexico charge-off rate is shown for hotel and motel funded FY2017 to FY2021: the New Mexico cohort is under the threshold, and for hotel and motel that is not zero.
New Mexico hotels under SBA 504
The New Mexico study for an SBA 504 hotel should identify demand drivers, tourism, highway traffic, government or energy business, and test seasonality against a lender's coverage needs. Franchise standards, where used, shape cost. Compare construction or purchase cost with the $2.1 million median, show a ramped occupancy and a slower case, and remember the appraiser values hotels on income.
New Mexico hotels and motels together
A single code serves hotels and motels, so New Mexico figures blend product tiers.
SBA 504 hotel and motel loans in New Mexico
| Loans approved, FY2017 to FY2026 | 26 |
|---|---|
| Gross dollars approved | $58.1 million |
| Median loan | $2.1 million |
| Middle half of loans, from | $1.3 million |
| Middle half of loans, to | $2.9 million |
| Franchise share of loans | 69.2% |
| Rank among states for SBA 504 hotel and motel loans, by number of loans | 32 |
| Rank of hotel and motel among classes in New Mexico | 1 of 39 |
| Median loan against the national SBA 504 median for the class | 1.01x |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | not reported: fewer than 30 loans in the cohort |
|---|---|
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | not reported: fewer than 30 loans in the cohort |
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 504 hotel and motel loans approved in New Mexico, by fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2017 | 1 | $614,000 |
| FY2018 | 1 | $715,000 |
| FY2019 | 2 | $3.1 million |
| FY2020 | 0 | $0 |
| FY2021 | 0 | $0 |
| FY2022 | 5 | $11.3 million |
| FY2023 | 0 | $0 |
| FY2024 | 5 | $11.5 million |
| FY2025 | 8 | $15.7 million |
| FY2026 | 4 | $15.0 million |
Most active SBA lenders
| Lender | Loans | Dollars |
|---|---|---|
| B:Side Capital | 8 | $18.4 million |
| The Mortgage Capital Development Corporation | 6 | $14.9 million |
| Enchantment Land Certified Development Company | 6 | $14.2 million |
Where the loans are, by county
| County | Loans |
|---|---|
| BERNALILLO | 11 |
| DONA ANA | 2 |
| MCKINLEY | 2 |
| SOCORRO | 2 |
| CHAVES | 1 |
| GUADALUPE | 1 |
| LINCOLN | 1 |
| LOS ALAMOS | 1 |
| QUAY | 1 |
| RIO ARRIBA | 1 |
One code for hotels and motels; limited service and full service cannot be separated. Shared code: Hotels and motels share 721110.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics loan-outcome cell SAP-NM-C07-504.
Related feasibility study pages
- New Mexico feasibility studies for SBA and USDA loans
- Hotel and motel feasibility study company
- SBA Hotel Loan Feasibility Study
- Hotel Feasibility Study in New Mexico
- SBA 504 Hotel Feasibility Study
- SBA 7(a) Hotel Feasibility Study in New Mexico
- SBA feasibility study company
- SBA 504 Hotel Feasibility Study in California
- SBA 504 Hotel Feasibility Study in Florida
- SBA 504 Hotel Feasibility Study in Texas
- SBA 504 Hotel Feasibility Study in Georgia
- SBA 504 Hotel Feasibility Study in New York
- SBA 504 Hotel Feasibility Study in Minnesota
Loan Analytics prepares the feasibility study a lender reads before it commits: for a hotel and motel project in New Mexico, 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.
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