Best New Hampshire SBA Lenders & Rates (2026)
2025 FOIA data: top lenders, rates, industries & loan types in New Hampshire
SBA Loans in New Hampshire
New Hampshire businesses received $196.0M in SBA 7(a) loan approvals across 605 businesses in 2025, supporting 4,279 jobs. With 66 active SBA lenders competing for business in New Hampshire, comparing offers is essential — rates vary significantly by lender.
The average SBA loan in New Hampshire is $324K at 9.81%, which is 0.51% below the national average of 10.32%. The top lender in New Hampshire is Live Oak Banking Company, with the most-funded industry being Full-Service Restaurants.
SBA Loans in New Hampshire by Business Type
Whether you’re starting a business, buying one, or expanding an existing operation in New Hampshire, here’s how SBA lending breaks down:
Startups represent 13% of New Hampshire SBA loans (58 loans totaling $25.9M). Business acquisitions (change of ownership) account for 28% (52 loans, $54.1M). Existing businesses make up the largest share at 41% (381 loans). If you’re buying a business in New Hampshire, acquisitions are a well-established use case for SBA 7(a) loans.
New Hampshire vs. National Average
How does New Hampshire’s SBA lending market compare to the national average in 2025?
New Hampshire9.81%
National Avg10.32%
✅ New Hampshire’s avg rate is 0.51% lower than the national average
New Hampshire$324K
National Avg$478K
New Hampshire’s avg loan is 0.7x the national average
A rate lower than the national average of 10.32% is significant context for New Hampshire borrowers. Individual rates depend on your credit profile, deal structure, loan size, and the specific lender you work with — which is why comparing multiple offers from different banks is consistently the best strategy to get the lowest possible rate on your SBA loan.
Top SBA Lenders in New Hampshire (2025 Data)
The table below ranks every SBA 7(a) lender active in New Hampshire in 2025 by total dollar volume approved. This data comes directly from SBA FOIA records and represents actual funded loans — not pre-qualifications or applications received.
| # | Lender | Volume | Loans | Avg Rate |
|---|---|---|---|---|
| 1 | Live Oak Banking Company | $19.9M | 16 | 8.96% |
| 2 | TD Bank, National Association | $18.9M | 146 | 10.44% |
| 3 | Northwest Bank | $9.8M | 6 | 9.67% |
| 4 | Byline Bank | $9.3M | 4 | 10.12% |
| 5 | Brookline Bank, a Division of Beacon Bank and Trust | $9.2M | 7 | 8.93% |
| 6 | St. Mary's Bank | $8.6M | 22 | 8.23% |
| 7 | Rockland Trust Company | $8.1M | 18 | 7.56% |
| 8 | Wells Fargo Bank National Association | $7.6M | 6 | 7.89% |
| 9 | Northeast Bank | $5.8M | 26 | 10.94% |
| 10 | Newtek Bank, National Association | $5.7M | 16 | 11.28% |
| 11 | Primary Bank | $5.6M | 5 | 8.65% |
| 12 | The Huntington National Bank | $5.6M | 8 | 9.96% |
| 13 | Norway Savings Bank | $5.4M | 3 | 7.92% |
| 14 | Eastern Bank | $5.0M | 29 | 9.37% |
| 15 | Citizens Bank, National Association | $4.9M | 4 | 9.39% |
Pay close attention to the “Avg Rate” column — rates vary significantly between lenders operating in the same state. The spread between the lowest and highest rate in this table can represent tens of thousands of dollars over the life of your loan. The top lenders in New Hampshire have funded the most deals locally, meaning their loan officers understand New Hampshire’s commercial real estate values, industry mix, and economic conditions. This familiarity typically translates into faster underwriting and more competitive terms.
However, don’t limit your search to local banks alone. Many of the top national SBA lenders fund loans across all 50 states and may offer better rates or more experience with your specific industry. An SBA loan broker like GoSBA gives you access to both New Hampshire-based lenders and national lenders with a single application — ensuring you get the most competitive offer available.
Get Matched with the Best SBA Lender in New Hampshire
One 5-minute application. 66 lenders competing for your deal. GoSBA matches you to the best fit — free, no obligation.
Top Industries Funded in New Hampshire
SBA lending in New Hampshire reflects the state’s economic profile and business formation trends. The table below shows which industries received the most SBA 7(a) funding in New Hampshire in 2025, ranked by total dollar volume:
| Industry | Loans | Volume |
|---|---|---|
| Full-Service Restaurants | 29 | $10.7M |
| Veterinary Services | 5 | $8.3M |
| Glass Product Manufacturing Made of Purchased Glass | 2 | $7.5M |
| Landscaping Services | 32 | $7.3M |
| Fish and Seafood Merchant Wholesalers | 3 | $6.8M |
| Electrical Contractors | 20 | $6.8M |
| Plumbing, Heating, and Air-Conditioning Contractors | 17 | $6.7M |
| All Other Professional, Scientific, and Technical Services | 6 | $5.8M |
| Other Foundation, Structure, and Building Exterior Contractors | 5 | $5.2M |
| Other Grocery and Related Products Merchant Wholesalers | 4 | $5.2M |
| Oil and Gas Pipeline and Related Structures Construction | 2 | $4.8M |
| Sporting and Recreational Goods and Supplies Merchant Wholesalers | 2 | $4.4M |
| Nonresidential Property Managers | 2 | $4.1M |
| Fitness and Recreational Sports Centers | 11 | $4.0M |
| Offices of Other Holding Companies | 1 | $3.8M |
If your business operates in one of New Hampshire’s top-funded industries, you’re in a strong position. Lenders who have funded dozens of similar businesses in your state understand the unit economics, seasonal revenue patterns, and typical margins for your sector. This familiarity translates into faster approvals, less documentation back-and-forth, and more accurate risk pricing — which typically means better terms for the borrower.
Even if your industry isn’t listed above, SBA 7(a) loans are available for nearly every legal business type. An SBA loan broker can identify which lenders have the most experience with your specific industry.
Top Cities for SBA Loans in New Hampshire
SBA lending activity within New Hampshire is concentrated in major metropolitan areas, but businesses in smaller cities and towns also receive significant funding. The table below shows where in New Hampshire the most SBA 7(a) loans were funded in 2025:
| City | Loans | Volume |
|---|---|---|
| Manchester | 33 | $17.8M |
| Nashua | 36 | $12.6M |
| Rochester | 16 | $9.2M |
| Londonderry | 15 | $7.7M |
| Somersworth | 3 | $6.8M |
| Dover | 20 | $6.3M |
| Berlin | 7 | $6.1M |
| Lincoln | 4 | $6.0M |
| Bedford | 11 | $6.0M |
| North Conway | 7 | $5.8M |
How to Get an SBA Loan in New Hampshire
Option 1: Apply directly to one of the top New Hampshire lenders above. You’ll get a single quote from one bank.
Option 2: Use an SBA loan broker (recommended). GoSBA Loans submits your application to multiple New Hampshire-active lenders simultaneously, creating competition for your deal. Better rates, faster approvals — at no cost to you.
Frequently Asked Questions
How many SBA loans were funded in New Hampshire in 2025?
What is the average SBA loan interest rate in New Hampshire?
Can I get an SBA loan to start a business in New Hampshire?
Who is the top SBA lender in New Hampshire?
What industries get the most SBA loans in New Hampshire?
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Data sourced from official SBA 7(a) FOIA loan approval records for Calendar Year 2025, published by the U.S. Small Business Administration. For official information, visit sba.gov.
