Preheat your oven to 350°F (175°C).

In a large mixing bowl, combine lean ground beef, breadcrumbs, a beaten egg, finely chopped onion, and diced jalapeños. Mix until well integrated.

Stir in Worcestershire sauce, smoked paprika, salt, and pepper into the meat mixture. Mix thoroughly.

Fold in cream cheese, shredded cheddar cheese, and cooked bacon until evenly mixed.

Shape the mixture into a loaf and place it in the greased loaf pan or on the lined baking sheet.

Bake the meatloaf for 45 to 50 minutes or until the internal temperature reaches 160°F (70°C).

Let the meatloaf rest for 5 to 10 minutes before slicing.

Slice the meatloaf into thick pieces and serve warm, drizzled with ranch dressing.