Primary Bank

Bedford, NH7(a) lenderTop sector: Limited-Service Restaurants

Is this my lender?

Loans approved

226

FY2016–FY2026

Dollars approved

$92.5M

$56.0M since FY2021

Average loan

$409K

$445K recently

Charge-off rate

0.4%

by dollars · 1.3% by count

Approvals over time

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What they lend against

Limited-Service Restaurants22 Full-Service Restaurants15 Landscaping Services10 All Other Specialty Food Stores9 Site Preparation Contractors8 Fitness and Recreational Sports Centers6

Loan count by NAICS industry, whole record. Each row opens that industry’s profile, where this lender is ranked against everyone else writing it.

Where they lend

New Hampshire206 · 91%Massachusetts16 · 7%North Carolina2 · 1%Rhode Island1 · 0%Maine1 · 0%

Share is of this lender’s entire book, so the 5 states shown need not sum to 100%. Together they account for 100% of its lending.

At a glance

Rank by recent volume#404 of 2321

First approvalFY2016

Latest approvalFY2026

States lent into5

What they charge

Typical pricingPrime + 1.00

Median rate 9.50%Fixed 55%20 loans

Median initial rate on this lender's 7(a) loans approved FY2024 onward, against a market median of Prime + 2.75. That is cheaper than the market typically prices. It is the rate at approval, not an offer, and says nothing about fees.

Program mix

7(a) · 100% (226)504 · 0% (0)

Split by loan count.

7(a) $92.5M504 $0

Loss rate in context

This lender0.4%

Both programs, all lenders4.6%

Charged-off dollars over dollars approved. By loan count this lender is at 1.3%; the two measures diverge when a book is weighted toward small loans.

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