Granite State Economic Develop
Portsmouth, NH 3802
SBA Certified Development CompanyStates Served
Top Industries Financed
- Full-Service Restaurants
- Hotels (except Casino Hotels) and Motels
- General Automotive Repair
- Bed-and-Breakfast Inns
- Child Day Care Services
Quick Summary
Granite State Economic Develop is an SBA-certified Certified Development Company (CDC) headquartered in Portsmouth, New Hampshire. Since 2010, they have approved 3,719 SBA 504 loans totaling $2.0B, with an average loan size of $538K. They serve businesses across 10 states.
About Granite State Economic Develop
Granite State Economic Develop is an SBA-certified Certified Development Company (CDC) headquartered in Portsmouth, New Hampshire. Since 2010, they have approved 3,719 SBA 504 loans totaling $2.0B, with an average loan size of $538K. They serve businesses across 10 states.
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Frequently Asked Questions
What does Granite State Economic Develop do?
Granite State Economic Develop is an SBA-certified Certified Development Company (CDC) based in Portsmouth, New Hampshire. CDCs partner with banks to deliver SBA 504 loans — a long-term, fixed-rate financing program for commercial real estate and equipment. Granite State Economic Develop handles the SBA-backed 40% portion of the financing structure.
How many SBA 504 loans has Granite State Economic Develop approved?
According to SBA FOIA public records, Granite State Economic Develop has approved 3,719 SBA 504 loans totaling $2.0B since 2010. Their average loan size is $538K.
What states does Granite State Economic Develop serve?
Granite State Economic Develop serves businesses in 10 states: Connecticut, Illinois, Kansas, Massachusetts, Maine, New Hampshire, New Jersey, New York, Rhode Island, Vermont.
How do I apply for an SBA 504 loan through Granite State Economic Develop?
To apply for an SBA 504 loan through Granite State Economic Develop, contact them using the form on this page. You'll also need to work with a participating bank for the 50% bank portion. Before applying, prepare 3 years of business tax returns, personal financial statements, a business plan, and details about the property or equipment you're financing. Most 504 loans require 2+ years in business and a FICO SBSS score of 155+.
Get in Touch with This CDC
Contact Granite State Economic Develop
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