Granite State Economic Development approved 974 SBA loans worth $683.4M between October 2021 and June 2026, ranking #45 of 2,283 SBA lenders nationally by loan count. Its median loan was $400,500, and 23% went to startups or businesses under two years old. It lent in 6 states, most often in Massachusetts, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Massachusetts | 371 | $286.6M | $453,000 | #6 |
| New Hampshire | 277 | $152.7M | $329,000 | #2 |
| Maine | 248 | $183.9M | $445,000 | #2 |
| Vermont | 71 | $50.6M | $358,000 | #4 |
| New York | 5 | $1.6M | $291,000 | #142 |
| Connecticut | 2 | $8.0M | $3,992,500 | #97 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 237 | $527,000 | |
| Retail | 123 | $398,000 | |
| Other services (repair, personal care) | 110 | $351,500 | |
| Health care and social assistance | 109 | $290,000 | |
| Construction | 89 | $341,000 | |
| Manufacturing | 73 | $445,000 | |
| Professional and technical services | 49 | $270,000 | |
| Administrative and support services | 46 | $388,000 | |
| Arts, entertainment and recreation | 36 | $422,500 | |
| Real estate and rental | 26 | $417,500 |