Granite State CU
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Granite State CU · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332710 | Machine Shops | 2 | $336K | $168K | 13.3% |
| 812310 | Coin-Operated Laundries and Drycleaners | 1 | $175K | $175K | 6.7% |
| 811310 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance | 1 | $30K | $30K | 6.7% |
| 812112 | Beauty Salons | 1 | $80K | $80K | 6.7% |
| 922160 | Fire Protection | 1 | $100K | $100K | 6.7% |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 1 | $30K | $30K | 6.7% |
| 722513 | Limited-Service Restaurants | 1 | $215K | $215K | 6.7% |
| 236210 | Industrial Building Construction | 1 | $25K | $25K | 6.7% |
| 561790 | Other Services to Buildings and Dwellings | 1 | $35K | $35K | 6.7% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $57K | $57K | 6.7% |
Geographic Distribution
SBA lending activity for Granite State CU by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 13 | $1.3M | 86.7% |
| Massachusetts (MA) | 2 | $210K | 13.3% |
Why Choose Granite State CU?
Based on SBA 7(a) lending track record from 2009-2019
- ✓Proven Track Record: 15 SBA loans approved, totaling $1.5M in financing
- ✓Industry Expertise: Specialized focus on Machine Shops, Coin-Operated Laundries and Drycleaners, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
- ✓Competitive Terms: Average interest rate of 7.25% with flexible term lengths averaging 59 months
- ✓Loan Range: Loan sizes from $25K to $290K, with an average of $101K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in NH, MA
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Granite State CU SBA lending
What types of businesses does Granite State CU typically finance?
Granite State CU specializes in SBA 7(a) lending to specific industries including machine shops, coin-operated laundries and drycleaners, commercial and industrial machinery and equipment (except automotive and electronic) repair and maintenance, beauty salons. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Granite State CU's typical SBA loan terms?
Granite State CU's SBA 7(a) loans typically feature an average interest rate of 7.25% and average term length of 59 months (approximately 5 years). Loan sizes range from $25K to $290K, with an average loan size of $101K.
Do I need a business valuation for a Granite State CU SBA loan?
Yes, Granite State CU typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Granite State CU compare to other SBA lenders?
Granite State CU has originated 15 SBA loans totaling $1.5M since 2009. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Granite State CU lend in?
Granite State CU provides SBA 7(a) financing with particularly strong presence in NH, MA. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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