Lenders › Merrimack County Savings Bank
7(a) lenderConcord, New HampshireFDIC-insured bank324th of 2,184 by approvals
Merrimack County Savings Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Merrimack County Savings Bank (Concord, New Hampshire) is an FDIC-insured bank in the SBA 7(a) program, 324th of 2,184 by approvals in FY2021 to FY2025: 96 loans worth $18.9M.
In FY2025, the latest complete fiscal year, it had 27 approvals totalling $4.3M, up 145% on FY2024 (11). FY2026 to 30 Jun 2026 adds 24 more.
The median approval was $88K, against $190K for the 7(a) program as a whole; 63.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 2 states and territories and 7 counties, led by New Hampshire (99.0%) and Massachusetts (1.0%). The largest industry group was administrative and support and waste management and remediation services at 20.8% of approvals, and 4.2% of approvals were to franchise businesses.
Of 194 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (1.5%), 160 as paid in full and 31 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 24 | $5.8M | $95K | $244K | 168 |
| FY2025 | 27 | $4.3M | $80K | $158K | 132 |
| FY2024 | 11 | $2.8M | $113K | $256K | 125 |
| FY2023 | 9 | $1.3M | $133K | $145K | 24 |
| FY2022 | 15 | $5.6M | $287K | $373K | 106 |
| FY2021 | 34 | $5.0M | $72K | $146K | 198 |
| FY2020 | 12 | $1.3M | $57K | $111K | 112 |
| FY2019 | 10 | $1.1M | $113K | $112K | 121 |
| FY2018 | 24 | $2.5M | $100K | $102K | 191 |
| FY2017 | 28 | $2.1M | $50K | $75K | 178 |
| FY2016 | 21 | $1.9M | $50K | $91K | 99 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 95 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | New Hampshire | 7(a) program |
|---|---|---|---|
| Approvals in these years | 203 | 5,844 | 639,905 |
| Cancelled or never disbursed | 9 | 653 | 79,313 |
| Disbursed loans | 194 | 5,191 | 560,592 |
| Paid in full | 160 | 4,401 | 435,813 |
| Charged off | 3 | 253 | 36,891 |
| Still outstanding (status exempt from disclosure) | 31 | 537 | 87,888 |
| Charged off, share of disbursed loans | 1.5% | 4.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.7% | 2.2% | 2.5% |
| Dollars charged off | $168K | $20.4M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 34 | 13 | 0 | 0.0% | 2.8% |
| FY2020 | 11 | 4 | 0 | — | 4.0% |
| FY2019 | 9 | 6 | 1 | — | 6.7% |
| FY2018 | 22 | 21 | 0 | — | 7.9% |
| FY2017 | 27 | 27 | 0 | — | 7.7% |
| FY2016 | 20 | 20 | 0 | — | 7.2% |
| FY2015 | 9 | 8 | 1 | — | 6.9% |
| FY2014 | 10 | 10 | 0 | — | 6.4% |
| FY2013 | 13 | 13 | 0 | — | 6.0% |
| FY2012 | 16 | 16 | 0 | — | 6.3% |
| FY2011 | 21 | 20 | 1 | — | 6.9% |
| FY2010 | 2 | 2 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $88K | $190K |
| Average approval | $197K | $518K |
| Approvals of $150,000 or less | 63.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 38.5% | 34.3% |
| Approvals to franchise businesses | 4.2% | 11.5% |
| Jobs supported per approval, as reported | 6.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.5% | 6.6% |
States served
| # | State of the business (2 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New Hampshire | 95 | $18.8M | 99.0% | |
| 2 | Massachusetts | 1 | — | 1.0% |
In New Hampshire the lender accounts for 4.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (7 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Merrimack County, NH | 59 | $8.5M | 61.5% | |
| 2 | Rockingham County, NH | 16 | $4.8M | 16.7% | |
| 3 | Hillsborough County, NH | 13 | $4.1M | 13.5% | |
| 4 | Belknap County, NH | 4 | $725K | 4.2% | |
| 5 | Cheshire County, NH | 2 | — | 2.1% | |
| 6 | Strafford County, NH | 1 | — | 1.0% | |
| 7 | Norfolk County, MA | 1 | — | 1.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Administrative and Support and Waste Management and Remediation Services | 20 | 20.8% | |
| 2 | Construction | 16 | 16.7% | |
| 3 | Accommodation and Food Services | 14 | 14.6% | |
| 4 | Retail Trade | 11 | 11.5% | |
| 5 | Other Services (except Public Administration) | 10 | 10.4% | |
| 6 | Health Care and Social Assistance | 6 | 6.3% | |
| 7 | Wholesale Trade | 4 | 4.2% | |
| 8 | Finance and Insurance | 4 | 4.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Services to Buildings and DwellingsNAICS 5617 | 19 | 19.8% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 11 | 11.5% | |
| 3 | Other Specialty Trade ContractorsNAICS 2389 | 9 | 9.4% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 6 | 6.3% | |
| 5 | Offices of Other Health PractitionersNAICS 6213 | 5 | 5.2% | |
| 6 | Agencies, Brokerages, and Other Insurance Related ActivitiesNAICS 5242 | 4 | 4.2% | |
| 7 | Building Material and Supplies DealersNAICS 4441 | 3 | 3.1% | |
| 8 | Greenhouse, Nursery, and Floriculture ProductionNAICS 1114 | 3 | 3.1% | |
| 9 | Drycleaning and Laundry ServicesNAICS 8123 | 3 | 3.1% | |
| 10 | Building Equipment ContractorsNAICS 2382 | 3 | 3.1% |
Approval sizes
- $50,000 or less32.3%31
- $50,001 to $150,00031.3%30
- $150,001 to $350,00017.7%17
- $350,001 to $1 million17.7%17
- $1 million to $2 million1.0%1
Loan terms
- 5 years or less19.8%19
- Over 5 to 10 years77.1%74
- Over 10 to 20 years2.1%2
- Over 20 years1.0%1
Age of the businesses
- Existing, more than 2 years old47.9%46
- New business, 2 years or less28.1%27
- Startup, loan funds will open the business10.4%10
- Change of ownership12.5%12
- Not answered1.0%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 49 | 51.0% | |
| 2 | Preferred Lenders Program | 41 | 42.7% | |
| 3 | Seasonal CAPLine | 5 | 5.2% | |
| 4 | Working Capital CAPLine | 1 | 1.0% |
Franchise share
4 of 96 approvals in FY2021–FY2025 (4.2%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Wrap City | 2 | 2.1% | |
| 2 | Budget Blinds | 1 | 1.0% | |
| 3 | Ace Hardware | 1 | 1.0% |
Questions and answers
How many SBA loans does Merrimack County Savings Bank make?
SBA approved 27 7(a) loans through Merrimack County Savings Bank in FY2025, worth $4.3M, and 96 over FY2021 to FY2025. That ranks 324th of 2,184 active 7(a) lenders by number of approvals.
How large are Merrimack County Savings Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $88K and the average $197K. The program-wide median was $190K.
What is Merrimack County Savings Bank's charge-off rate?
Of 194 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (1.5%), 160 as paid in full and 31 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Merrimack County Savings Bank lend to most?
By number of approvals in FY2021 to FY2025: services to buildings and dwellings (19); restaurants and other eating places (11); other specialty trade contractors (9); automotive repair and maintenance (6).
Where does Merrimack County Savings Bank make SBA loans?
In 2 states and territories. New Hampshire 95, Massachusetts 1. In New Hampshire it accounts for 4.0% of all 7(a) approvals.
Is Merrimack County Savings Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 47, against 61 in the three before: falling (-23%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error