New Hampshire small business lenders offer loan options designed to meet most business needs.
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Biglaw Investor connects you with small business lenders who can help you expand your business, whether through working capital or via acquisition. A small business loan loan is a great way to grow your business—but it can be hard to know where to start. Our small business lenders offer an experience specially tailored to your goals.
Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best loan for your business needs.
I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP
For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann
New Hampshire is known as the Granite State and is noted for many things, including its beautiful coastlines and park system. The state sits on the Gulf of Maine and is the fifth smallest state by land. Still, it is home to 1.3 million people. There are a few larger cities here, including Concord, the state’s capital, and Manchester, the most populous of states. With a long history and lots of historical sites throughout it, New Hampshire has a vibrant culture. The state is one of the wealthiest as well, with one of the highest median household incomes in the country and low unemployment and crime. It also has one of the lowest tax burdens in the U.S. for residents and businesses alike. There is no doubt, then, that there are many reasons to live – and open a business – in New Hampshire.
For those considering the state’s economy, there’s quite a bit to take advantage of. The state has a strong service-based economy along with manufacturing, farming, and natural resources. It also has a moderately sized tourism industry. A number of large companies call it home, including Liberty Mutual and Fidelity Investments. Yet, it is the state’s small businesses that play a big role in creating success for many households here. The U.S. Small Business Administration states there are 138,199 small businesses in New Hampshire. These companies provide jobs for 308,296 people, which is a considerable amount of the workforce here. More so, these employees have a payroll of over $15,174,425. There is no doubt this is a business sector that’s dependent on the community as well.
When it comes to building those businesses, having access to capital is often necessary. Taking a look at three years of past data from the U.S. Small Business Administration shows there are 1,437 small business loans in New Hampshire as of 2022. Those loans have a total value of $537,962,610, with an average loan size of $374,365. These funds are critical to supporting the needs of many companies, including their growth and development. Small business lenders are available in New Hampshire in several forms to meet the needs of these organizations.
Small businesses in New Hampshire have the opportunity to tap into capital in many situations. That capital comes from small business lenders, which are financial institutions like banks, credit unions, private lenders, and specialized lenders that offer loans specifically to companies with 100 or fewer employees, often with a cap on the amount of revenue they produce. Like with all loans, businesses can borrow these funds for a set number of years and then repay the balance over time with interest.
One of the core reasons to utilize small business loans in New Hampshire is because they can be affordable. Depending on the qualifications of the borrower, many small business loans can offer competitive lending opportunities, including moderate to high borrowing options as well as lower interest rates than what many companies could obtain through other methods. There is some risk involved with these loans, which is why lenders spend a significant amount of time learning about the company and its ability to repay the debt before lending.
Small business lenders in New Hampshire are dedicated to working with borrowers, though, which often means they will offer flexible loan terms to meet most needs. One of the first steps lenders take is to learn as much as they can about the company. This often includes gathering data on the company’s balance sheet, profits and losses, and other revenue. The lender also looks at the amount of other debt the company has with the goal of determining how much the borrower could afford to repay each month.
Loans from New Hamshire small business lenders are often used for various needs. This could include building the company’s services, launching new programs, offering new products, hiring new people, and much more. There are various loan types available to meet these needs, including:
Small business owners have the potential to make a real impact in the New Hampshire economy, but that’s not always easy without some outside funds. Whether you need working capital, help buying real estate, or general business financing to cover expansion, small business loans can help close the gap. Financial assistance is occasionally available to startups in the form of small business grants, but mutually companies exploring business resources like loans have evidence of revenue generation.
Resources may also exist in your local community, such as SCORE mentors, technical assistance programs, a local loan fund, grants for nonprofit organizations, or funds available from local economic development agencies. Make sure to look for the NH Small Business Development Center as well as any other New England regional business organizations that can point you in the right direction for your business plans and newest initiatives.
Borrowers have the ability to tap into a wide range of loan programs to fit most needs. Yet, it is important to compare lenders and know which can offer some of the best loan terms available to meet specific needs and goals.
| Rank | Bank Name | # of New Hampshire Loans | Avergage Interest Rate | Average Loan Size |
|---|---|---|---|---|
| 1 | Primary Bank | 53 | 4.87% | $487,645 |
| 2 | TD Bank | 37 | 6.44% | $206,668 |
| 3 | Merrimack County Savings Bank | 34 | 4.81% | $146,335 |
| 4 | Eastern Bank | 26 | 5.98% | $160,765 |
| 5 | M&T Bank | 23 | 4.93% | $529,787 |
| 6 | Woodsville Guaranty Savings Bank | 19 | 4.87% | $102,274 |
| 7 | Enterprise Bank and Trust Company | 17 | 4.08% | $209,288 |
| 8 | Live Oak Banking Company | 17 | 5.30% | $830,559 |
| 9 | Meredith Village Savings Bank | 14 | 5.07% | $183,729 |
| 10 | Northway Bank | 14 | 4.64% | $105,221 |
Based in Southern New Hampshire, Primary Bank is a locally owned entrepreneurial bank that looks to meet the needs of the communities it serves. With four locations in the area, Primary Bank can meet the commercial and personal banking needs of its members, including credit cards and loans.
We reached out to Primary Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
TD Bank was founded in 1852 in Portland, Maine, as a bank to help the community. Since that time, TD Bank has grown to be able to provide all types of services and products to meet the needs of its customers on a broad level all across the country.
We reached out to TD Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Founded in 1867 in Concord, New Hampshire, Merrimack County Savings bank has been providing banking services to meet the needs of the community. Now with 7 locations to serve the community Merrimack County Savings Bank is able to provide all types of services like loans and savings accounts.
We reached out to Merrimack County Savings Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Founded in 1818, Boston based Eastern Bank has been around and has over $2.4 billion in assets to provide for its customers’ needs. With over 120 locations in 3 states, Eastern Bank can provide many services, including small business loans, investments, commercial, business, and personal banking.
We reached out to Eastern Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Manufacturers and Traders Trust Company has been in business for 165 years and is also known as M&T Bank operating in 8 states and Washington, DC, with 780 branches. Manufacturers and Traders Trust Company provide a number of banking services through loans, grants, and personal banking.
We reached out to M&T Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
There are some excellent resources available to support companies that are looking for capital. The key here is to showcase a solid financial foundation to support the company’s long-term needs.
A good starting place for building that foundation is the Small Business Administration in New Hampshire. This organization offers free advice and resources to help business owners to start, build, and manage their companies over time. There are local offices for these services as well, offering in-person help.
For companies who want more support, SCORE is an excellent resource. It is an organization that is built by entrepreneurs with the goal of helping to support new organizations. This organization offers a wide range of resources, including local meetings, mentorship opportunities, and workshops. Online and in-person help may be available, including in various locations throughout New Hampshire.
If you want to find the best small business loans in other states, click on your state below.
Joshua Holt is a lawyer and founder of Biglaw Investor. He spent 10 years practicing private equity mergers & acquisition law for one of the largest law firms in the country. As part of his practice, he advised small and medium sized businesses on matters ranging from business loans to the acquisitions and divestitures of stocks and assets.
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