Lending data
Who actually lends to schools and training businesses in New Hampshire?
21 SBA 7(a) loans went to schools and training businesses in New Hampshire recently, at a median of $75,000. Here are the lenders that made them, ranked.
21 SBA 7(a) loans went to schools and training businesses in New Hampshire in the most recent fiscal years. The median was $75,000 over 10 years. The most active lender was TD Bank, with 7 loans.
What lending to schools and training 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 | Educational services, New Hampshire | All 7(a) borrowers |
|---|---|---|
| Loans approved | 21 | 214,102 |
| Median loan | $75,000 | $150,000 |
| 25th - 75th percentile | $22,500 - $186,850 | $50,000 - $500,000 |
| Median term | 10 years | 10 years |
| Median initial rate | 10.25% | 10.25% |
| Share to startups | 28.6% | 33.6% |
| Charge-off rate, FY2010-19 cohort | 2.6% | 7.1% |
Which lenders actually funded them
Ranked by loans approved to schools and training 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 | 7 | $20,000 | 14% | 11.30% |
| The Huntington National Bank | 2 | $262,500 | 100% | 9.00% |
| Rockland Trust Company | 2 | $192,850 | 0% | 8.38% |
| Salem Five Cents Savings Bank | 2 | $125,000 | 0% | 9.62% |
What stands out in this market
Reading the figures above against the national picture:
- Loans here run smaller than average. The median of $75,000 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.
- Startup share is about average, at 29% against 34% nationally.
- One lender dominates. TD Bank alone made 33% of these loans, and the top three made 52%. 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.
- This market has performed well. Its FY2010-2019 charge-off rate of 2.6% is below the 7.1% overall figure, which is part of why lenders compete for it.
Which of them lend to new businesses
Of those loans, 28.6% 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 |
|---|---|---|---|---|
| The Huntington National Bank | 2 | $262,500 | 100% | 9.00% |
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: construction, restaurants and hotels, personal services, retail, admin services, professional services
- Education in comparable states: Kansas, Louisiana, Alabama, South Carolina, Indiana, Connecticut