SBA 7(a) Medical Office Feasibility Study in New Mexico

Bernalillo carries nearly half

New Mexico's physician offices borrow under 7(a) mostly in one county: Bernalillo, which contains Albuquerque, accounts for 17 of the 36 loans, while Sandoval has 4 and Curry and Dona Ana 3 each. The loans total $21.8 million, with a midpoint of $250,000 that equals the national 7(a) midpoint exactly, at 1.00x. The middle half runs from $125,500 to $709,375. By count New Mexico ranks 34 nationally, while medical office holds place 6 of 39 at home. Franchising does not exist in this cell: the share is 0.00%.

Holders and a ragged calendar

Western Commerce Bank holds 7 loans worth $1.5 million, while Newtek Bank, National Association holds 5 loans worth $4.0 million, so the smaller count carries far larger tickets. These are holders as SBA reports them today. Annual counts swing: 5 loans in FY2017, none in FY2018, FY2020 and FY2024, 8 in FY2021, 7 in FY2022 and 8 again in FY2025. Zero years show up as $0 in the table, and they mean that no loans were approved, not that data is missing.

Missing rates

For New Mexico physician offices SBA leaves two numbers out, the approvals that never funded and the funded loans lost, since neither cohort reached its minimum size. There is consequently no floor for failures on this page, and we do not offer one. A lender should not assume the blank means few cancellations.

What a New Mexico medical office study has to test

Physician supply is the hard fact in a rural-heavy state. The study should show the shortage or surplus of the specialty in the county, the patient base within reach, and the telehealth or travel alternatives that draw patients away. Payer mix matters here: the share of patients on public programs changes collections. Because most lending is in Albuquerque, a project elsewhere should explain how it will recruit and keep clinicians. Cost the fit-out per exam room, the imaging or lab equipment, and the electronic records system. Test coverage against a slow patient ramp, and against losing a key provider. A specialised medical building is difficult to resell, so the appraisal should show a value for a general office user, and the study should state the lease or ownership structure behind each figure.