Bank of the Southwest
ROSWELL, NM 88201
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- Automobile and Other Motor Vehicle Merchant Wholesalers
- Other Gasoline Stations
- All Other Outpatient Care Centers
- All Other Plastics Product Manufacturing
- Packing and Crating
Quick Summary
Bank of the Southwest is an SBA-approved lender headquartered in ROSWELL, New Mexico. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 18 SBA 7(a) loans totaling $12.0M, with an average loan size of $668K. They primarily serve New Mexico businesses.
About Bank of the Southwest
Bank of the Southwest is an SBA-approved lender headquartered in ROSWELL, New Mexico. Since 2020, they have approved 18 SBA 7(a) loans totaling $12.0M, with an average loan size of $668K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in New Mexico.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
Helpful SBA Borrower Guides
Frequently Asked Questions
Is Bank of the Southwest an SBA Preferred Lender?
Yes, Bank of the Southwest is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Bank of the Southwest approved?
According to SBA FOIA public records, Bank of the Southwest has approved 18 SBA 7(a) loans totaling $12.0M since 2020. Their average loan size is $668K.
What states does Bank of the Southwest serve?
Bank of the Southwest primarily serves businesses in New Mexico.
How do I apply for an SBA loan with Bank of the Southwest?
To apply for an SBA 7(a) loan with Bank of the Southwest, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
Get in Touch with This Lender
Contact Bank of the Southwest
Ready to Apply for an SBA Loan?
Check if you qualify in minutes — no impact to your credit score.
SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days