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Granite State Economic Dev Corp

Portsmouth, NH · granitestatedev.com

Loans Last Year

194

Volume Last Year

$157.93M

Average Deal Size

$2.04M
About
Granite State Economic Development Corporation (GSDC) is a 501(c)(4) non-profit lender founded in 1985 by Alan Abraham and headquartered in Portsmouth, New Hampshire. Recognized as the most active Certified Development Company in New England, GSDC partners with banks across Northern New England to deliver the SBA 504 loan program for owner-occupied commercial real estate, construction, renovation, and equipment financing. Beyond 504 lending, GSDC runs an Economic Development Grant Fund (EDGF) that awards grants to community organizations whose work creates or retains jobs and otherwise supports the local economy. The organization employs roughly 32 staff and holds more than $25 million in assets.

Top Industries Served

Industry # of Loans $ Volume
Full-Service Restaurants 15 $7.8M
Hotels 12 $36.8M
Auto Repair 10 $6.3M
Limited-Service Restaurants 10 $3.8M
Landscaping 7 $3.8M

States Served

ME MA NH VT

Lending across 4 states.

Top Cities (previous yr # of loans)

# City Loans
1 Augusta 3
2 Brunswick 3
3 Saint Johnsbury 3
4 Kingston 3
5 Dover 3
  • Phone 603-436-0009
  • Address One Cate Street, Suite 3, Portsmouth, NH 03802

At a glance

  • Founded 1985
  • Headquarters Portsmouth, NH
  • States served 4 states
  • Avg deal size $2.0M

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