New Hampshire may be one of the smaller states in the U.S., but its business community is thriving. From tech startups in Manchester and Nashua to small retailers and tourism-driven businesses across the White Mountains and Seacoast, entrepreneurs play a vital role in the Granite State’s economy. To grow, expand, or recover from challenges, many rely on New Hampshire small business loans to secure funding.
This guide covers SBA loan programs, state initiatives, and local financing resources for New Hampshire entrepreneurs.
More than 137,000 small businesses operate in New Hampshire, making up over 99% of all companies.
Industries like tourism, manufacturing, and tech require significant investment.
Affordable financing supports small businesses in both rural towns and growing cities.
Traditional Bank Loans
New Hampshire banks and credit unions—including Bank of New Hampshire, Service Credit Union, and Meredith Village Savings Bank—offer small business loans. These typically require good credit, financial records, and collateral.
SBA Loans in New Hampshire
The U.S. Small Business Administration partners with lenders across the state to expand access to capital. Options include:
SBA 7(a) Loans: Up to $5 million for working capital, real estate, or refinancing.
SBA 504 Loans: Long-term, fixed-rate loans for property and heavy equipment.
SBA Microloans: Up to $50,000 for startups and very small businesses.
SBA Disaster Loans: Critical for businesses impacted by storms, floods, or other natural events.
State and Local Financing Programs
New Hampshire Business Finance Authority (BFA): Provides loan guarantees, capital access programs, and direct loans to small businesses.
Community Development Block Grant (CDBG) funding: Supports local business and infrastructure projects.
Regional development corporations offering revolving loan funds across the state.
Alternative Financing Options
Business lines of credit to manage seasonal cash flow.
Equipment financing for manufacturers, restaurants, or tourism businesses.
Invoice factoring for businesses waiting on client payments.
Online lenders offering quick but sometimes higher-cost funding.
Eligibility and Requirements
Most New Hampshire lenders evaluate:
Personal and business credit history.
Business plan with growth projections.
Tax returns and financial statements.
Collateral for larger loans.
Loan purpose and repayment strategy.
Review eligibility and credit score
Gather tax and financial records
Write or update your business plan
Compare SBA, state, and local programs
Contact SBA-approved or community lenders in New Hampshire
Submit full application with documents
Await approval and funding
Tourism and hospitality businesses in the White Mountains and Seacoast.
Manufacturing firms in Nashua and Manchester upgrading equipment.
Retail shops and restaurants across small towns using microloans.
Tech startups accessing SBA and BFA-backed funding.
SBA New Hampshire District Office (Concord) for SBA programs and support.
New Hampshire Business Finance Authority (BFA) for loan guarantees and state programs.
Regional Development Corporations with revolving loan funds.
New Hampshire SBDC for free consulting and financial planning.
Applying without a complete business plan.
Overlooking state programs like BFA.
Borrowing more than revenue projections allow.
Ignoring SBA disaster loan programs after storms.
Entrepreneurs can expect:
More support for rural and small-town businesses.
Expansion of online loan platforms for faster approvals.
Increased funding for minority- and women-owned small businesses.
From family-owned shops to high-tech startups, New Hampshire entrepreneurs have access to a variety of financing solutions. SBA loans, state-backed initiatives like BFA, and local revolving loan funds provide essential capital for growth.
Ready to secure funding? Start by contacting the SBA New Hampshire District Office, explore BFA programs, and connect with your local SBDC. With preparation and the right financing strategy, your New Hampshire business can thrive.