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 FY20262,276
Gross dollars approved$1.31 billion
SBA 7(a) loans0
SBA 504 loans2,276

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 approvalwithheld
Loans in that cohort1,071

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 classLoans
Not in any of the 39 asset classes1,343
Full-service restaurant192
Hotel and motel112
Automotive mechanical repair (car and truck)75
Limited-service restaurant62
Child care center59
Gas station and truck stop45
Self storage44
Beverage manufacturing (breweries, wineries, distilleries)42
Fitness center41
Beauty salon33
Coffee shop and snack bar30
Dental office27
Grocery store21
Rehabilitation and therapy clinic20
Medical office (physicians)20
Assisted living (without nursing care)19
Veterinary clinic17
RV park and campground12
School (elementary and secondary, including charter)11
Car wash10
Caterers (includes banquet halls with catering staff)8
Liquor store8
Behavioral health and addiction treatment7

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 areaLoans
Massachusetts823
New Hampshire694
Maine564
Vermont181
Connecticut6

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.

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project anywhere in the United States, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan, by Granite State Economic Development Corporation or any other lender. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

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