Merrimack County Savings Bank
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Merrimack County Savings Bank
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 561730 | Landscaping Services | 152 | $23.9M | $157K | 16.8% |
| 722513 | Limited-Service Restaurants | 88 | $16.1M | $183K | 9.7% |
| 238990 | All Other Specialty Trade Contractors | 64 | $11.1M | $173K | 7.1% |
| 111421 | Nursery and Tree Production | 32 | $18.3M | $571K | 3.5% |
| 722511 | Full-Service Restaurants | 32 | $6.8M | $214K | 3.5% |
| 811111 | General Automotive Repair | 32 | $3.0M | $94K | 3.5% |
| 524210 | Insurance Agencies and Brokerages | 32 | $6.2M | $194K | 3.5% |
| 424930 | Flower, Nursery Stock, and Florists' Supplies Merchant Wholesalers | 24 | $20.3M | $847K | 2.7% |
| 238210 | Electrical Contractors | 24 | $3.3M | $139K | 2.7% |
| 812310 | Coin-Operated Laundries and Drycleaners | 24 | $4.7M | $194K | 2.7% |
Geographic Distribution
SBA lending activity for Merrimack County Savings Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| New Hampshire (NH) | 896 | $188.6M | 99.1% |
| Massachusetts (MA) | 8 | $900K | 0.9% |
Why Choose Merrimack County Savings Bank?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 904 SBA loans approved, totaling $189.5M in financing
- ✓Industry Expertise: Specialized focus on Landscaping Services, Limited-Service Restaurants, All Other Specialty Trade Contractors
- ✓Competitive Terms: Average interest rate of 6.73% with flexible term lengths averaging 104 months
- ✓Loan Range: Loan sizes from $9K to $1.8M, with an average of $210K
- ✓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 Merrimack County Savings Bank SBA lending
What types of businesses does Merrimack County Savings Bank typically finance?
Merrimack County Savings Bank specializes in SBA 7(a) lending to specific industries including landscaping services, limited-service restaurants, all other specialty trade contractors, nursery and tree production. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Merrimack County Savings Bank's typical SBA loan terms?
Merrimack County Savings Bank's SBA 7(a) loans typically feature an average interest rate of 6.73% and average term length of 104 months (approximately 9 years). Loan sizes range from $9K to $1.8M, with an average loan size of $210K.
Do I need a business valuation for a Merrimack County Savings Bank SBA loan?
Yes, Merrimack County Savings Bank 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 Merrimack County Savings Bank compare to other SBA lenders?
Merrimack County Savings Bank has originated 904 SBA loans totaling $189.5M since 2020. 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 Merrimack County Savings Bank lend in?
Merrimack County Savings Bank 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?
Professional valuations are often required for SBA loans over $250,000.
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