New Mexico Small Businesses: Five Fast Facts

April 30, 2024

Delaney Sexton
Contributing Editor

New Mexico Small Businesses: Five Fast Facts

There are 158,296 small businesses in New Mexico.
Businesses with revenues of $1 million or less received $372.2 million in loans during 2021.
New lending to businesses through loans of $1 million or less was $1.2 billion.
Making up 46.1% of all New Mexico exports in 2021, small businesses exported $2.5 billion in goods.
47.1% of small businesses were women-owned, 34% were Hispanic-owned, 11% were owned by racial minorities, and 7.6% were veteran-owned.