Granite State Economic Development Corporation: SBA Lending Record
What SBA's own loan files show about Granite State Economic Development Corporation as an SBA lender, and how a lender's record bears on a feasibility study.
The Granite State Economic Development Corporation record at a glance
Under Granite State Economic Development Corporation as holder, SBA lists 2,276 loans from FY2017 to FY2026. $1.31 billion gross was approved on the 2,276 loans held by Granite State Economic Development Corporation. SBA, not Granite State Economic Development Corporation, guarantees each of the 2,276 loans held, now or earlier, by Granite State Economic Development Corporation. Every Granite State Economic Development Corporation loan on file is 504, 2,276 in all; none are 7(a). SBA's file makes Granite State Economic Development Corporation the CDC holder on 504 loans. On Granite State Economic Development Corporation projects, first-lien lenders go uncredited.
1,343 of 2,276 loans have no tracked class, which leaves Granite State Economic Development Corporation class rows thinner. Granite State Economic Development Corporation class rows start with full-service restaurant, 192 loans. Then hotel and motel at 112, automotive mechanical repair (75) and 62 loans in limited-service restaurant. Lower Granite State Economic Development Corporation rows: 59 in child care center, gas station and truck stop with 45 loans and self storage at 44. Granite State Economic Development Corporation: more rows in the table.
Granite State Economic Development Corporation opens geographically with 823 in Massachusetts, New Hampshire (694), 564 in Maine, Vermont (181) and 6 in Connecticut. Massachusetts holds the largest share, 823 loans. Later states carry fewer Granite State Economic Development Corporation loans each; depth varies by place.
Granite State Economic Development Corporation: loans cancelled or charged off
14.6%: the floor on cancellations, among Granite State Economic Development Corporation approvals from FY2017 to FY2024. If Granite State Economic Development Corporation loans still undisbursed count as cancelled, 15.6% follows as a ceiling. Between 14.6% and 15.6% lie Granite State Economic Development Corporation approvals SBA still shows undisbursed. Among 1,071 loans disbursed FY2017 to FY2021, Granite State Economic Development Corporation has 0.47% charged off, a floor. The Granite State Economic Development Corporation five-year charge-off figure is withheld by Loan Analytics. Granite State Economic Development Corporation outcomes show; reasons do not. Granite State Economic Development Corporation cohort rates cover FY2017 to FY2021 disbursements. Granite State Economic Development Corporation: 14.6% is a floor, 2,276 loans notwithstanding, not a forecast. Granite State Economic Development Corporation loans keep seasoning, 2,276 of them; 14.6%, a floor, may climb.
Granite State Economic Development Corporation in a study
For Granite State Economic Development Corporation, a Certified Development Company, 2,276 loans sit in SBA records. Granite State Economic Development Corporation has no row that says what Granite State Economic Development Corporation wants from a borrower. At Granite State Economic Development Corporation, weigh Massachusetts then full-service restaurant, 2,276 loans deep, against the project. Each Granite State Economic Development Corporation project has a first-lien lender, uncredited; 2,276 loans name none. The study should.
2,276 loans at Granite State Economic Development Corporation: context only. For Granite State Economic Development Corporation, a project proves itself alone in Massachusetts. Full-service restaurant demand: 2,276 loans at Granite State Economic Development Corporation set none; Massachusetts conditions decide, not Granite State Economic Development Corporation. Test cost line by line, 2,276 loans set aside. 2,276 loans give Granite State Economic Development Corporation breadth, not depth. A 14.6% floor sets the lowest bar for Granite State Economic Development Corporation. Granite State Economic Development Corporation aside, debt service coverage keeps 14.6% in view, on stabilized income. At Granite State Economic Development Corporation, loan size follows appraised value. Granite State Economic Development Corporation: no study promises approval; 2,276 loans or none, it prepares the file.
SBA loans held by Granite State Economic Development Corporation
SBA guarantees these loans; the lender does not. The lender's name and every figure come from the U.S. Small Business Administration's public 7(a) and 504 FOIA file (data.sba.gov).
7(a) lender is the bank or lender the loan is currently assigned to (or last held it), as SBA records it; 504 lender is the Certified Development Company (CDC). 504 third-party (first-lien) lenders are free text with no identifier and are not credited.
| Loans approved, FY2017 to FY2026 | 2,276 |
|---|---|
| Gross dollars approved | $1.31 billion |
| SBA 7(a) loans | 0 |
| SBA 504 loans | 2,276 |
Cancellation and charge-off
| Cancelled after approval, FY2017 to FY2024 approvals (a floor) | 14.6% |
|---|---|
| The same, counting loans still undisbursed as cancelled (a ceiling) | 15.6% |
| Charged off to date, FY2017 to FY2021 disbursed loans (a floor) | 0.47% |
| Charged off within five years of approval | withheld |
| Loans in that cohort | 1,071 |
Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.
Loans by asset class
| Asset class | Loans |
|---|---|
| Not in any of the 39 asset classes | 1,343 |
| Full-service restaurant | 192 |
| Hotel and motel | 112 |
| Automotive mechanical repair (car and truck) | 75 |
| Limited-service restaurant | 62 |
| Child care center | 59 |
| Gas station and truck stop | 45 |
| Self storage | 44 |
| Beverage manufacturing (breweries, wineries, distilleries) | 42 |
| Fitness center | 41 |
| Beauty salon | 33 |
| Coffee shop and snack bar | 30 |
| Dental office | 27 |
| Grocery store | 21 |
| Rehabilitation and therapy clinic | 20 |
| Medical office (physicians) | 20 |
| Assisted living (without nursing care) | 19 |
| Veterinary clinic | 17 |
| RV park and campground | 12 |
| School (elementary and secondary, including charter) | 11 |
| Car wash | 10 |
| Caterers (includes banquet halls with catering staff) | 8 |
| Liquor store | 8 |
| Behavioral health and addiction treatment | 7 |
Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
Loans by project state
| State or area | Loans |
|---|---|
| Massachusetts | 823 |
| New Hampshire | 694 |
| Maine | 564 |
| Vermont | 181 |
| Connecticut | 6 |
States with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.
A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.
Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; Loan Analytics lender cell LP-cdc-0188244.
Related feasibility study pages
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