Lending data
Who actually lends to construction and contracting businesses in New Hampshire?
378 SBA 7(a) loans went to construction and contracting businesses in New Hampshire recently, at a median of $75,250. Here are the lenders that made them, ranked.
378 SBA 7(a) loans went to construction and contracting businesses in New Hampshire in the most recent fiscal years. The median was $75,250 over 10 years. The most active lender was TD Bank, with 140 loans.
What lending to construction and contracting businesses in New Hampshire actually looks like
Every figure on this page is computed from SBA 7(a) loan-level FOIA data released 2026-06-30. It reflects loans that were actually approved, not rate cards or advertised ranges.
| Measure | Construction and contracting, New Hampshire | All 7(a) borrowers |
|---|---|---|
| Loans approved | 378 | 214,102 |
| Median loan | $75,250 | $150,000 |
| 25th - 75th percentile | $36,650 - $148,175 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 22.0% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 5.5% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to construction and contracting businesses in New Hampshire. This is the list worth working from, because a lender that has funded dozens of businesses like yours in your state has seen your file before.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 140 | $62,000 | 26% | 11.03% |
| Manufacturers and Traders Trust Company | 34 | $75,000 | 35% | 11.25% |
| Meredith Village Savings Bank | 29 | $60,000 | 0% | 10.50% |
| Service FCU | 24 | $46,000 | 33% | 7.74% |
| St. Mary's Bank | 18 | $100,000 | 0% | 9.12% |
| Bar Harbor Bank & Trust | 11 | $135,000 | 9% | 8.84% |
| Camden National Bank | 10 | $37,500 | 0% | 10.50% |
| Merrimack County Savings Bank | 9 | $40,000 | 44% | 9.50% |
| Eastern Bank | 9 | $100,000 | 11% | 9.50% |
| Live Oak Banking Company | 6 | $500,000 | 17% | 9.50% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run smaller than average. The median of $75,250 is 50% below the $150,000 national median. Smaller loans price higher under the SBA spread caps, so budget for a rate above the headline range.
- This is a hard market for new businesses. Only 22% of these loans went to startups, against 34% nationally. If you are pre-revenue, work from the startup table below rather than the main list.
- One lender dominates. TD Bank alone made 37% of these loans, and the top three made 54%. That concentration usually means a lender with a dedicated program for this sector — worth starting there, but get a second quote so you know the terms are competitive.
Which of them lend to new businesses
Of those loans, 22.0% went to businesses the SBA classes as startups — new, under two years old, or opening with the proceeds. These are the lenders in this market that actually wrote them.
| Lender | Loans | Median loan | Startup share | Median rate |
|---|---|---|---|---|
| TD Bank | 36 | $62,000 | 26% | 11.03% |
| Manufacturers and Traders Trust Company | 12 | $75,000 | 35% | 11.25% |
| Service FCU | 8 | $46,000 | 33% | 7.74% |
| Merrimack County Savings Bank | 4 | $40,000 | 44% | 9.50% |
| United Midwest Savings Bank | 4 | $167,500 | 100% | 10.25% |
| Primary Bank | 3 | $316,000 | 60% | 9.50% |
How to use this
- Shortlist three lenders from the table whose median loan is close to what you need.
- Ask each whether they are a Preferred Lender and how many 7(a) loans they closed last year. See choosing an SBA lender.
- Check your coverage first with the affordability calculator so you ask for a number the cash flow supports.
- Assemble the package before you call. The document checklist is the single biggest thing you control.
Compare other markets
- Other sectors in New Hampshire: restaurants and hotels, personal services, retail, admin services, professional services, healthcare
- Construction in comparable states: Tennessee, Virginia, Wisconsin, South Carolina, Idaho, Maryland