Top New Hampshire Small Business Loan Options
Here is a list of the top New Hampshire small business loan institutions:
Lake Sunapee Bank FSB’s seasoned team of experts has been developing good partnerships with companies, organizations, and sectors for over 130 years. They make it simple to obtain the funding your company needs.
Business loans are evaluated on an individual basis. Debt service and collateral coverage, loan-to-value calculations, borrower financial power, expertise, and guarantor assistance are all factors that influence the quotes you will be offered, as a small business owner.
Long-term client relationships are something this bank invests in. Their seasoned Commercial Bankers make an effort to understand your company and its objectives and obstacles.
Eastern Bank provides a wide range of financial products. They offer conventional and unconventional Express Business loans, which have the simplest SBA approval process and quickest processing times.
They offer every SBA loan currently available on the market, including the 504 program, which focuses on real estate and machinery financing, and the 7(a) program, which includes protection but provides the same real estate loans with variable rates and 20-25-year terms. These loans all have longer terms and require a smaller initial contribution than traditional loans.
Eastern Bank is currently the number one SBA lender in the Northeast. Its non-government-funded goods have also received positive reviews.
Small-business loans are available from TD Bank in 15 states and Washington, D.C. Term loans, lines of credit, commercial mortgages, and Small Business Administration loans are among the lending options available. There are lines of credit ranging from $25,000 to $500,000.
Term loans ranging from $10,000 to $1 million are also available. The terms of each loan product differ. The origination fees charged by TD Bank are not disclosed. TD Bank does not disclose minimum years of operation, minimum credit score, minimum annual sales, and availability of prequalification. The amount of collateral required varies by commodity.
Lines of credit from TD Bank can be authorized in as little as 48 hours.
Type of loan
Average Interest Rates
Bar Harbour Bank
Lines of credit,
Machinery and equipment, Inventory loans,
Construction financing, Commercial property loans, SBA loans
Vary depending on the loan product you select
Vary from as little as a few months to 25 years depending on loan type and amount
Fixed and variable rates offered depending on the loan amount, term, and credit rating
Business Credit Cards
Lines of Credit
20 to 25 years
Lines of Credit
Commercial Mortgage Loans
1 to 20 years depending on loan amount