Feasibility Study Data for the Concord, NH Micro Area

The Concord record in brief

For Concord, SBA's own files record 618 approved loans from FY2017 to FY2026, totalling $156.4 million of gross dollars. Concord stands against the whole list of areas, by loans, in place 149 of 928. The middle half of Concord loans sits between $42,500 and $246,575, and Concord's median loan of $100,000 equals 0.48x the nationwide median. In Concord the program mix is 523 loans in 7(a) against 95 under 504. Franchise brands account for 4.7% of the record.

Concord: businesses and places

In the same files, within the listed classes we track for Concord, full-service restaurant heads the list with 22 loans, trailed by limited-service restaurant with 21 and automotive mechanical repair, 14 loans. A further 506 loans in Concord sit outside every class. Every loan in Concord sits in Merrimack County, NH, at 618 loans, so a feasibility study around Concord a single-county exercise.

Concord: lenders on record

Lenders shown for Concord come from SBA's archived Concord records of the 618 business loans in Concord, by present or former holder; those files show each holder and say nothing of how lenders underwrite. Further, on the 7(a) side around Merrimack County, NH, SBA lists TD Bank, National Association, holding 114 loans worth $10.5 million, followed by Merrimack County Savings Bank ($15.0 million across 112 loans). For the record, among 504 loans in Concord, the list reads Granite State Economic Development Corporation at 41 loans and $16.1 million, followed by Capital Regional Development Council (38 loans, $17.9 million). An applicant in Concord is free to ask the leading Concord holder TD Bank, National Association or other Concord holders near Merrimack County, NH which documents it wants, then shape the Concord study to meet it.

Concord: cancellations and charge-offs

Among Concord approvals from FY2017 through FY2024, not below 10.1% ended in cancellation after approval in Concord, and that is a floor; the full Concord rate may be higher. For disbursed Concord loans approved from FY2017 to FY2021, 3.1% stand charged off to date, a floor. Next, the within-five-years rate for Concord is held back on a small cohort, and it stays blank, never zero. Over the decade, Concord crested in FY2021 at 86 loans and $28.6 million, and bottomed out in FY2020 at 42 loans and $11.7 million.

Concord: what a borrower checks

Around Merrimack County, NH, demand comes first: who shops in Merrimack County, NH, who visits from nearby, measured against Concord overall, and whether full-service restaurant, with 22 loans, leaves any room. Budget: $100,000 is the Concord median and $42,500 to $246,575 where half of loans fall, so a Merrimack County, NH site must price itself against this $100,000 midpoint. Coverage: Concord repayment withstands a sluggish year against the 10.1% rate of cancellation and 3.1% charge-off rate. The appraisal for Concord has to support the figure lent against. Concord adopts the July 2023 delineation; a loan whose county finds no place drops out of each area, Concord too, but the totals count loans beyond the listed classes.