SBA NH's Traditional Loan Volume Reached $138.9 Million in FY 23

During FY23 in New Hampshire, 470 small businesses across the state benefited from SBA loan resources and received access to capital. The 7(a) loan program, SBA's primary program for providing financial assistance to small businesses, accounted for 396 loans totaling $96,363,900. The 504-loan program delivered 63 loans approved totaling $42,546,000, contributing to over $102,355,955 in total project financing. Through the SBA’s microloan program, a total of 11 loans for $392,160 were approved in FY23.

TD Bank led the way on the number of approved 7(a) loans and Granite State Economic Development Corp. approved the most 504 loans in NH for this fiscal year. New Hampshire SBA will be recognizing these partners and others at an annual lender’s award ceremony on December 11, 2023, at 9:30 am at the Manchester Historic Association-Millyard Museum, 200 Bedford Street, Manchester, NH.

“We had a strong year in our loan programs, and we are so thankful for our lending partners in New Hampshire– our banks, credit unions, regional development corporations, and certified development companies that help our small businesses get the financing they need,” said NH District Director Amy Bassett. “We are proud of the impact these vital programs have in helping New Hampshire small businesses gain greater access to capital to start, grow, and build resilient businesses in the Granite State.”

For more information about SBA’s loan programs, financial assistance, and other services, visit www.sba.gov.