New Hampshire SBA lending, from federal loan records
SBA Lenders Actively Funding Businesses in New Hampshire
Since FY2020, 133 lenders have funded 3,334 SBA loans worth $1.1B for businesses in New Hampshire. Borrowers reported 27,142 jobs supported by those loans. Below is who actually writes them, how big they run, and which New Hampshire businesses get funded.
Most active SBA lenders in New Hampshire
Ranked by loans funded for New Hampshire projects since FY2020, not by advertising budget. A lender headquartered elsewhere that funds heavily in New Hampshire beats a local name that rarely writes SBA loans.
| Lender | Program | NH loans since FY2020 | Since FY2025 | Median loan | Median rate |
|---|---|---|---|---|---|
| TD Bank, National Association | 7(a) | 590 | 192 | $50K | 10.5% |
| Granite State Economic Development Corporation | 504 (CDC) | 392 | 76 | $270K | n/a |
| Manufacturers and Traders Trust Company | 7(a) | 175 | 84 | $60K | 10.75% |
| Eastern Bank | 7(a) | 156 | 45 | $64K | 7.74% |
| Primary Bank | 7(a) | 156 | 5 | $154K | 5.25% |
| Meredith Village Savings Bank | 7(a) | 138 | 62 | $60K | 9.62% |
| Merrimack County Savings Bank | 7(a) | 124 | 49 | $83K | 6.75% |
| Camden National Bank | 7(a) | 108 | 7 | $50K | 7.5% |
| Bar Harbor Bank & Trust | 7(a) | 99 | 14 | $73K | 6% |
| Rockland Trust Company | 7(a) | 91 | 23 | $186K | 6.95% |
| St. Mary's Bank | 7(a) | 81 | 36 | $100K | 7.47% |
| Service FCU | 7(a) | 73 | 5 | $44K | 6.49% |
| Bangor Savings Bank | 7(a) | 68 | 24 | $154K | 8.38% |
| Capital Regional Development Council | 504 (CDC) | 68 | 16 | $375K | n/a |
| Live Oak Banking Company | 7(a) | 66 | 26 | $570K | 8.25% |
| Bay Colony Development Corporation | 504 (CDC) | 66 | 19 | $366K | n/a |
| Newburyport Five Cents Savings Bank | 7(a) | 46 | 7 | $100K | 6.12% |
| New England Certified Development Corporation | 504 (CDC) | 46 | 2 | $388K | n/a |
| The Huntington National Bank | 7(a) | 42 | 15 | $267K | 10.25% |
| Bank of New Hampshire | 7(a) | 41 | 13 | $100K | 7.1% |
| Triangle CU | 7(a) | 38 | 3 | $72K | 6% |
| Savings Bank of Walpole | 7(a) | 34 | 16 | $118K | 8.12% |
| Kennebunk Savings Bank | 7(a) | 33 | 9 | $198K | 7.47% |
| Newtek Bank, National Association | 7(a) | 33 | 22 | $170K | 11.5% |
| BayFirst National Bank | 7(a) | 29 | 7 | $150K | 12% |
504 loans are written by Certified Development Companies alongside a bank first mortgage. The 504 file reports no interest rate, so CDC rows show none.
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Start your funding profile →How big New Hampshire SBA loans run
Share of New Hampshire 7(a) loans by approval size, next to the national split. If your ask sits in a common band, it is the kind of loan lenders here fund every week.
| 7(a) loan size | NH | US |
|---|---|---|
| Under $150K | 60.3% | 40.4% |
| $150K to $500K | 26.6% | 31.9% |
| $500K to $1M | 6.5% | 12.9% |
| $1M and up | 6.6% | 14.9% |
Who gets funded in New Hampshire
Business age on New Hampshire 7(a) loans. 9.7% funded a change of ownership, against 11.1% nationally. Buying a business? See the acquisition lender shortlist. Starting one? See startup-friendly lenders.
| Business stage | NH | US |
|---|---|---|
| Established, more than 2 years | 61.8% | 55.2% |
| New, 2 years or less | 18.8% | 16.9% |
| Startup, loan opens the business | 9.6% | 16.8% |
| Change of ownership (buying a business) | 9.7% | 11.1% |
Industries New Hampshire SBA lenders fund most
Share of all New Hampshire SBA loans by industry, and how that compares with the national mix.
| Industry | NH loans | Share | Compared with US |
|---|---|---|---|
| Construction | 582 | 17.5% | 1.4x the national share |
| Restaurants and hotels | 428 | 12.8% | in line with national |
| Retail | 372 | 11.2% | in line with national |
| Personal and repair services | 340 | 10.2% | in line with national |
| Business support services | 279 | 8.4% | 1.5x the national share |
| Professional services | 262 | 7.9% | 0.8x the national share |
| Manufacturing | 257 | 7.7% | 1.1x the national share |
| Healthcare | 236 | 7.1% | 0.7x the national share |
The most common specific business types funded in New Hampshire: full-service restaurants (167), landscaping services (153), limited-service restaurants (111), residential remodelers (88), general automotive repair (85), plumbing, heating, and air-conditioning contractors (70).
Where in New Hampshire the loans go
| County | SBA loans since FY2020 | Share of state |
|---|---|---|
| Rockingham | 973 | 29% |
| Hillsborough | 870 | 26% |
| Merrimack | 370 | 11% |
| Strafford | 277 | 8% |
| Grafton | 215 | 6% |
| Belknap | 193 | 6% |
| Carroll | 184 | 6% |
| Cheshire | 153 | 5% |
7(a) or 504 in New Hampshire
17% of New Hampshire SBA loans are 504 loans, against 12% nationally. A 504 loan funds owner-occupied real estate or major equipment, with a median of $294K here. A 7(a) loan covers almost anything else, including working capital and buying a business. The busiest 504 lenders in New Hampshire:
- Granite State Economic Development Corporation: 392 504 loans, median $270K
- Capital Regional Development Council: 68 504 loans, median $375K
- Bay Colony Development Corporation: 66 504 loans, median $366K
- New England Certified Development Corporation: 46 504 loans, median $388K
New Hampshire SBA lending by year
| Fiscal year | 7(a) loans | 504 loans | Dollars |
|---|---|---|---|
| FY2020 | 307 | 101 | $109M |
| FY2021 | 371 | 114 | $186M |
| FY2022 | 340 | 113 | $170M |
| FY2023 | 367 | 55 | $128M |
| FY2024 | 531 | 77 | $148M |
| FY2025 | 519 | 68 | $220M |
| FY2026 (through June 30, 2026) | 326 | 45 | $142M |
The SBA fiscal year runs October through September.
Common questions
Who is the most active SBA lender in New Hampshire?
By funded loans since FY2020, TD Bank, National Association leads New Hampshire with 590 loans.
How big is a typical SBA loan in New Hampshire?
The median 7(a) loan in New Hampshire is $100K, and the middle half runs from $40K to $250K. The median 504 loan is $294K. Nationally the 7(a) median is $200K.
What interest rate do New Hampshire SBA borrowers get?
The median starting rate on New Hampshire 7(a) loans since FY2020 is 8.5%, against 9.25% nationally. 63% of those loans carry a variable rate, which moves with the prime rate.
Can a startup get an SBA loan in New Hampshire?
Yes. 28% of New Hampshire 7(a) loans with a reported business age went to startups or businesses two years old or younger, against 34% nationally. Lenders still expect a solid plan, owner equity and usually collateral.
Sources and limits. Derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records, FY2020 through June 30, 2026, for projects located in New Hampshire. Cancelled approvals are excluded. Jobs supported are as reported by borrowers. Figures describe past lending activity only and are not offers, quotes, or qualification decisions. Big Brain Funding is not a lender and is not affiliated with any lender listed.