GoSBA’s Top New Hampshire SBA Lenders in 2024
Introduction to New Hampshire SBA Loans
New Hampshire is known for its diverse economy, which includes industries such as manufacturing, healthcare, tourism, and small business enterprises. With a population of 1.4 million people, New Hampshire has always been supportive of entrepreneurial endeavors, providing an ideal environment for businesses to thrive. According to the U.S. Small Business Administration Office of Advocacy, there are over 135,000 small businesses in New Hampshire, employing more than half of the state’s workforce.
For business owners in New Hampshire, securing financing is a crucial step towards growth. SBA loans are among the most attractive financing options, offering favorable terms and conditions. To assist entrepreneurs, GoSBA Loans has compiled the top SBA lenders in New Hampshire for 2024, based on loans funded and loan volume.
Concord: A Great City for Small Businesses
Concord, New Hampshire, is one of the best places to start or expand a business in the state. With its affordable cost of living and a supportive business environment, Concord provides excellent opportunities for small businesses. The city offers various resources for entrepreneurs, including access to funding, networking opportunities, and a highly skilled workforce.
Challenges in Securing SBA Loans in New Hampshire
While New Hampshire has a thriving business community, accessing affordable financing can still be a challenge for many small businesses. In FY 2023, SBA lenders in New Hampshire funded over 450 small businesses, contributing a total SBA loan volume of $70 million. The top SBA lenders in New Hampshire—including TD Bank, Live Oak Banking Company, and KeyBank National Association—have collectively funded numerous businesses, supporting their expansion, employment growth, and operational improvements.
Selecting the right lender is a critical decision for small business owners. Lenders offer different loan terms, interest rates, and structures, which may vary based on the industry and business size. GoSBA Loans aims to simplify this process by providing a comprehensive overview of the best SBA lenders in New Hampshire.
Finding the Best New Hampshire SBA Lenders
At GoSBA Loans, we understand that finding the right financing is essential for your business’s success. Whether you need funding for equipment purchases, commercial property acquisition, refinancing high-interest loans, or working capital, we strive to make the SBA lending process simple and accessible. Our mission is to connect small businesses in New Hampshire with the most suitable lenders, ensuring fast approval and competitive loan terms.
Overview of New Hampshire SBA Loans in 2024
In 2024, New Hampshire’s SBA loan providers funded over 450 businesses with a total loan volume of $70 million. This funding has been crucial in helping small businesses across the state achieve growth, expand their workforce, and innovate in their respective industries.
Analyzing the Top New Hampshire SBA Lenders by Loan Volume and Loan Units Funded
TD Bank, National Association, stands out as the top SBA lender in New Hampshire by loan volume, funding $18.0 million across 140 loans. Live Oak Banking Company follows with $11.0 million funded across 5 loans. KeyBank National Association funded $6.6 million across 4 loans, while Citizens Bank, National Association, contributed $4.9 million across 7 loans.
The diversity of lenders—from large national banks like TD Bank and Citizens Bank to smaller, community-oriented institutions like Meredith Village Savings Bank—offers business owners multiple options to find a lender that best suits their needs. Each lender offers unique benefits, such as favorable interest rates or loan terms tailored to specific industries.
GoSBA’s Official Ranking: Best New Hampshire SBA Lenders in 2024
Below, we present GoSBA’s official ranking of the best New Hampshire SBA lenders in 2024:
| Bank Name | Amount Funded | Loans Funded | Average Interest Rate |
| TD Bank, National Association | $18,014,700 | 140 | 11.52% |
| Live Oak Banking Company | $11,083,500 | 5 | 10.25% |
| KeyBank National Association | $6,608,500 | 4 | 10.63% |
| Citizens Bank, National Association | $4,954,700 | 7 | 11.14% |
| The Huntington National Bank | $4,455,500 | 10 | 10.95% |
| U.S. Bank, National Association | $3,503,900 | 1 | 7.31% |
| Enterprise Bank and Trust Company | $3,402,000 | 10 | 8.25% |
| Eastern Bank | $3,239,000 | 17 | 11.13% |
| Meredith Village Savings Bank | $3,228,200 | 22 | 11.01% |
| Merrimack County Savings Bank | $2,672,700 | 9 | 9.47% |
| Manufacturers and Traders Trust Company | $2,338,700 | 21 | 12.14% |
| Primary Bank | $2,091,000 | 11 | 9.50% |
| Newtek Bank, National Association | $2,057,000 | 6 | 12.67% |
| Readycap Lending, LLC | $1,458,000 | 8 | 13.06% |
| Ledyard National Bank | $1,415,000 | 1 | 7.00% |
| Northway Bank | $1,401,000 | 31 | 9.58% |
| Rockland Trust Company | $1,250,000 | 3 | 9.83% |
| Kennebunk Savings Bank | $1,085,000 | 5 | 9.00% |
| BayFirst National Bank | $1,062,100 | 8 | 13.25% |
| St. Mary’s Bank | $1,016,500 | 11 | 9.55% |
| Bangor Savings Bank | $1,010,000 | 9 | 9.83% |
| Bar Harbor Bank & Trust | $885,100 | 7 | 8.85% |
| Northeast Bank | $829,900 | 6 | 11.25% |
| Newburyport Five Cents Savings Bank | $818,700 | 3 | 9.42% |
| Bank Five Nine | $802,000 | 3 | 10.00% |
| Service FCU | $648,200 | 16 | 8.82% |
| Camden National Bank | $636,300 | 4 | 8.96% |
| Northeast CU | $600,000 | 2 | 10.00% |
| Woodsville Guaranty Savings Bank | $581,000 | 4 | 9.10% |
| Berkshire Bank | $552,000 | 1 | 11.00% |
| Mission Valley Bank | $519,400 | 1 | 11.25% |
| United Midwest Savings Bank, National Association | $513,000 | 1 | 11.25% |
| First Seacoast Bank | $425,000 | 2 | 7.00% |
| Celtic Bank Corporation | $412,300 | 2 | 11.00% |
| Bank of New Hampshire | $350,000 | 3 | 9.00% |
| NBT Bank, National Association | $347,000 | 3 | 8.13% |
| Fund-Ex Solutions Group, LLC | $304,000 | 1 | 11.50% |
| First Chatham Bank | $303,400 | 1 | 11.25% |
| Strafford Economic Development Corporation | $295,000 | 4 | 8.00% |
| Salem Five Cents Savings Bank | $250,000 | 2 | 9.63% |
| Bellwether Community CU | $173,500 | 3 | 8.00% |
| First Bank of the Lake | $150,000 | 1 | 14.50% |
| Stearns Bank National Association | $120,000 | 1 | 11.25% |
Find the Right SBA Lender in New Hampshire for Your Business
Whether you’re a startup or an established business, securing the right financing is crucial for your success. The lenders listed above offer a variety of SBA loan options tailored to meet the diverse needs of New Hampshire’s business community. Partnering with GoSBA Loans ensures that your application is directed to the lenders most likely to approve your funding, helping you get the financial support you need.
Apply for an SBA Loan Today
Apply today to connect with the best SBA lenders in New Hampshire and secure the funding your business needs to thrive. The process is simple, and GoSBA Loans will help match you with the right lender based on your specific business requirements.
Why Choose GoSBA Loans?
GoSBA Loans is dedicated to simplifying the SBA loan application process for businesses in New Hampshire. By partnering with us, you gain access to a network of top lenders that have demonstrated a strong commitment to supporting small businesses. Whether you need competitive interest rates, a streamlined approval process, or flexible loan terms, GoSBA Loans is here to help you find the best SBA lender in New Hampshire.
Conclusion
Securing an SBA loan can unlock immense growth opportunities for your business. With the right lender, you can access the capital needed to expand operations, hire staff, and innovate. The New Hampshire SBA lenders listed above have a proven track record of supporting the small business community, making them the best options for entrepreneurs in the state. Let GoSBA Loans assist you in finding the ideal SBA lender in New Hampshire for your business today.
