Lenders › Service FCU
7(a) lenderPortsmouth, New Hampshirecredit union346th of 2,184 by approvals
Service FCU
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.
In FY2021 to FY2025 SBA approved 88 7(a) loans, worth $5.5M, through Service FCU of Portsmouth, New Hampshire, a credit union in the SBA 7(a) program. By number of approvals that is 346th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 8 approvals totalling $431K, down 65% on FY2024 (23).
The median approval was $44K, against $190K for the 7(a) program as a whole; 94.3% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 3 states and territories and 16 counties, led by New Hampshire (89.8%), Massachusetts (8.0%) and Maine (2.3%). The largest industry group was construction at 39.8% of approvals.
Service FCU has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown.
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* | 0 | — | — | — | 0 |
| FY2025 | 8 | $431K | $54K | $54K | 14 |
| FY2024 | 23 | $1.4M | $44K | $59K | 86 |
| FY2023 | 24 | $1.2M | $39K | $51K | 136 |
| FY2022 | 22 | $1.5M | $46K | $68K | 117 |
| FY2021 | 11 | $968K | $50K | $88K | 35 |
| FY2020 | 0 | — | — | — | 0 |
| FY2019 | 1 | — | — | — | 1 |
| FY2018 | 0 | — | — | — | 0 |
| FY2017 | 0 | — | — | — | 0 |
| FY2016 | 0 | — | — | — | 0 |
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 1 approvals. First approval on file: FY2011.
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 | 14 | 5,844 | 639,905 |
| Cancelled or never disbursed | 1 | 653 | 79,313 |
| Disbursed loans | 13 | 5,191 | 560,592 |
| Paid in full | 9 | 4,401 | 435,813 |
| Charged off | 0 | 253 | 36,891 |
| Still outstanding (status exempt from disclosure) | 4 | 537 | 87,888 |
| Charged off, share of disbursed loans | too few loans | 4.9% | 6.6% |
| Dollars charged off, share of disbursed dollars | too few loans | 2.2% | 2.5% |
| Dollars charged off | — | $20.4M | $5.70bn |
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $44K | $190K |
| Average approval | $62K | $518K |
| Approvals of $150,000 or less | 94.3% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 15.9% | 34.3% |
| Approvals to franchise businesses | 0.0% | 11.5% |
| Jobs supported per approval, as reported | 4.4 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | too few loans | 6.6% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | New Hampshire | 79 | $4.8M | 89.8% | |
| 2 | Massachusetts | 7 | $541K | 8.0% | |
| 3 | Maine | 2 | — | 2.3% |
In New Hampshire the lender accounts for 3.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (16 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Rockingham County, NH | 40 | $2.8M | 45.5% | |
| 2 | Cheshire County, NH | 10 | $613K | 11.4% | |
| 3 | Strafford County, NH | 10 | $508K | 11.4% | |
| 4 | Coos County, NH | 5 | $199K | 5.7% | |
| 5 | Hillsborough County, NH | 4 | $159K | 4.5% | |
| 6 | Essex County, MA | 3 | $351K | 3.4% | |
| 7 | Grafton County, NH | 3 | $177K | 3.4% | |
| 8 | Carroll County, NH | 2 | — | 2.3% | |
| 9 | Barnstable County, MA | 2 | — | 2.3% | |
| 10 | Sullivan County, NH | 2 | — | 2.3% | |
| 11 | Merrimack County, NH | 2 | — | 2.3% | |
| 12 | York County, ME | 1 | — | 1.1% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 35 | 39.8% | |
| 2 | Administrative and Support and Waste Management and Remediation Services | 14 | 15.9% | |
| 3 | Accommodation and Food Services | 7 | 8.0% | |
| 4 | Other Services (except Public Administration) | 6 | 6.8% | |
| 5 | Retail Trade | 4 | 4.5% | |
| 6 | Transportation and Warehousing | 4 | 4.5% | |
| 7 | Wholesale Trade | 3 | 3.4% | |
| 8 | Health Care and Social Assistance | 3 | 3.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 16 | 18.2% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 13 | 14.8% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 9 | 10.2% | |
| 4 | Other Specialty Trade ContractorsNAICS 2389 | 7 | 8.0% | |
| 5 | Special Food ServicesNAICS 7223 | 4 | 4.5% | |
| 6 | General Freight TruckingNAICS 4841 | 3 | 3.4% | |
| 7 | Other Schools and InstructionNAICS 6116 | 3 | 3.4% | |
| 8 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 2 | 2.3% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 2 | 2.3% | |
| 10 | Restaurants and Other Eating PlacesNAICS 7225 | 2 | 2.3% |
Approval sizes
- $50,000 or less65.9%58
- $50,001 to $150,00028.4%25
- $150,001 to $350,0004.5%4
- $350,001 to $1 million1.1%1
Loan terms
- 5 years or less43.2%38
- Over 5 to 10 years56.8%50
Age of the businesses
- Existing, more than 2 years old83.0%73
- New business, 2 years or less14.8%13
- Startup, loan funds will open the business1.1%1
- Change of ownership1.1%1
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 85 | 96.6% | |
| 2 | 7a General | 3 | 3.4% |
Franchise share
0 of 88 approvals in FY2021–FY2025 (0.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
Questions and answers
How many SBA loans does Service FCU make?
SBA approved 8 7(a) loans through Service FCU in FY2025, worth $431K, and 88 over FY2021 to FY2025. That ranks 346th of 2,184 active 7(a) lenders by number of approvals.
How large are Service FCU's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $44K and the average $62K. The program-wide median was $190K.
What is Service FCU's charge-off rate?
Service FCU has fewer than 30 disbursed loans from the FY2010 to FY2021 approval years on record, too few for a charge-off rate to be shown. 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 Service FCU lend to most?
By number of approvals in FY2021 to FY2025: residential building construction (16); services to buildings and dwellings (13); building equipment contractors (9); other specialty trade contractors (7).
Where does Service FCU make SBA loans?
In 3 states and territories. New Hampshire 79, Massachusetts 7, Maine 2. In New Hampshire it accounts for 3.3% of all 7(a) approvals.
Is Service FCU's SBA lending rising?
Approvals in the three latest complete fiscal years total 55, against 33 in the three before: rising (+67%).
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