A feasibility study in Manchester, NH is read by a lender or a Certified Development Company before anyone else. In fiscal year 2025 this metro recorded 165 SBA 7(a) approvals for $63,227,300.
The Manchester-Nashua, NH metro is home to about 430,462 residents per the U.S. Census Bureau Population Estimates, all of them in Hillsborough County.
SBA 504 feasibility study Manchester, NH and SBA 7(a) studies
Nationally, the U.S. Small Business Administration closed fiscal year 2025 having guaranteed 84,400 7(a) and 504 loans for $44.8 billion. This page computes the Manchester, NH share from the SBA's own 7(a) and 504 FOIA release, as of June 30, 2026, by member county rather than by district office: in fiscal year 2025 the metro's single county recorded 165 SBA 7(a) approvals for $63,227,300 and 23 SBA 504 approvals for $23,591,000.
| Fiscal year | 7(a) approvals | 7(a) gross | 504 approvals | 504 gross |
|---|---|---|---|---|
| FY2023 | 100 | $21,343,900 | 15 | $12,046,000 |
| FY2024 | 158 | $31,670,100 | 16 | $10,532,000 |
| FY2025 | 165 | $63,227,300 | 23 | $23,591,000 |
| FY2026 (to June 30, 2026) | 109 | $43,467,200 | 9 | $7,028,000 |
Source: U.S. Small Business Administration, 7(a) and 504 FOIA release, as of June 30, 2026, summed over member counties
In fiscal year 2025 the 7(a) approvals here came from TD Bank, National Association (52 loans, $5,323,000), Rockland Trust Company (14 loans, $6,830,700), and St. Mary's Bank (11 loans, $7,053,900), listed by approval count with the names as the SBA released them. The 504 approvals that year went through Granite State Economic Development Corporation (11 loans), Capital Regional Development Council (6 loans), and Bay Colony Development Corporation (5 loans). The SBA's district office field reads New Hampshire District Office on 165 of the 165 fiscal year 2025 7(a) rows, 100.0%.
Across fiscal years 2010 to 2026 disbursed, the ten asset classes tracked here account for 184 7(a) loans for $52,062,000 and 50 504 loans for $32,236,000 in this metro. In fiscal year 2025 alone those classes took 20 7(a) and 504 approvals for $8,960,600. The table sets out each class; a cell under five loans is not shown, and a charge-off rate is printed where 30 or more loans have resolved and left blank below that.
| Asset class | 7(a) loans | 7(a) gross | 7(a) charge-off | 504 loans | 504 gross | 504 charge-off |
|---|---|---|---|---|---|---|
| Hotels and motels | under 5 | 5 | $8,901,000 | no resolved | ||
| Car washes | under 5 | under 5 | ||||
| Self-storage | 8 | $4,494,000 | cohort under 30 | under 5 | ||
| RV parks and campgrounds | under 5 | under 5 | ||||
| Assisted living and continuing care | under 5 | under 5 | ||||
| Gas stations and convenience stores | 10 | $1,695,200 | cohort under 30 | 8 | $2,711,000 | cohort under 30 |
| Restaurants, full and limited service | 101 | $19,375,200 | 3.3% | 17 | $10,363,000 | cohort under 30 |
| Fitness and recreational sports centers | 37 | $11,196,800 | cohort under 30 | under 5 | ||
| Marinas | under 5 | under 5 | ||||
| Child day care services | 20 | $8,049,800 | cohort under 30 | 10 | $3,148,000 | cohort under 30 |
| All ten classes | 184 | $52,062,000 | 4.5% | 50 | $32,236,000 | cohort under 30 |
Source: U.S. Small Business Administration, 7(a) and 504 FOIA release, as of June 30, 2026; MMCG cut by member county
USDA feasibility study Manchester, NH
USDA Business and Industry and USDA Community Facilities credit runs on a statutory geography rather than on a county line. Under 7 U.S.C. 1991(a)(13)(A) the terms rural and rural area mean any area other than a city or town that has a population of greater than 50,000 inhabitants and any urbanized area contiguous and adjacent to such a city or town. The test turns on the subject address and the urbanized-area boundary around it, not on the name of a county or a metro. For a project in Manchester, NH the address decides it. The metro is one county, Hillsborough County, with 430,462 residents, and an urbanized-area boundary follows the census map rather than any county line. MMCG checks the subject address against the USDA Rural Development eligibility map at intake, before work on the study begins, and this page names no town as eligible.
Restaurant feasibility study Manchester, NH
A restaurant feasibility study in Manchester, NH starts from the metro's own SBA record. Across fiscal years 2010 to 2026 disbursed, full and limited service restaurants account for 101 7(a) loans for $19,375,200 and 17 504 loans for $10,363,000 here, $29,738,200 in all. Fitness and recreational sports centers come to $12,294,800 over the same years. On the full and limited service restaurants 7(a) loans that have resolved, the charge-off rate is 3.3%.
Underwriting realities behind a defensible Manchester, NH study
These are the points an underwriter in Manchester, NH reads before the rest of the file. Each traces to a government publisher or to the SBA's own file.
- The SBA record. Fiscal year 2025: 165 7(a) approvals for $63,227,300 and 23 504 approvals for $23,591,000 across the metro's single county.
- The ten classes tracked here. 20 approvals for $8,960,600 in fiscal year 2025, and $22,105,900 over fiscal years 2023 to 2025.
- USDA geography. The 50,000-inhabitant test of 7 U.S.C. 1991(a)(13)(A) is read at the address, not by county, for a metro of 430,462 residents.
How a Manchester, NH feasibility study engagement runs
MMCG starts from the project address, the asset class and the lender or Certified Development Company contact. The address settles the county and the rules set out above; the asset class sets which part of the SBA record applies.
The report names its sources the way this page does: the SBA FOIA release and the Census Bureau's population estimates. The method is set out in full in MMCG's feasibility study methodology.
Cities and counties served in the Manchester, NH region
- Principal cities in the metro's OMB title: Manchester and Nashua
- Hillsborough County: 430,462 residents
Related Manchester, NH and program resources
- The New Hampshire feasibility study statewide page.
- The feasibility study locations index of every state and metro page.
- Nearby metro pages: Boston feasibility study, Burlington, VT feasibility study, Portland, ME feasibility study, and Providence feasibility study.
- The SBA feasibility study and USDA feasibility study program pages.
- The feasibility study index.
About MMCG
MMCG Invest, LLC is a feasibility study consultancy that specializes in SBA and USDA feasibility studies for lenders, Certified Development Companies, USDA Rural Development guaranteed lenders and the borrowers they serve, with Manchester, NH among the markets it covers. The practice is led by Michal Mohelsky, J.D., FMVA, Practicing Affiliate of the Appraisal Institute. Reports are prepared under SBA SOP 50 10 8.1 for 7(a) and 504 files and under 7 CFR Part 5001 for USDA files, and each one states which schedule, rate and boundary it relied on so a credit officer can check the work. Pricing starts at $4,900, standard delivery runs 9 to 16 business days, a rush track delivers in 5 business days, and every inquiry receives a response within 12 business hours.
Frequently asked questions
How much does a feasibility study cost in Manchester, NH?
Pricing starts at $4,900. The fee is confirmed at intake once the project address, the asset class and the lender or CDC requirements are known.
How long does a Manchester, NH feasibility study take?
Standard delivery runs 9 to 16 business days. A rush track delivers in 5 business days, and every inquiry receives a response within 12 business hours. The clock starts once the address, the asset class and the lender or CDC contact are in hand.
How many SBA loans did the Manchester, NH metro record in fiscal year 2025?
165 7(a) approvals for $63,227,300 and 23 504 approvals for $23,591,000, summed over the metro's member counties from the SBA FOIA release as of June 30, 2026. In the ten asset classes tracked here the figure is 20 approvals for $8,960,600.
Which county makes up the Manchester, NH metro?
The Census Bureau's delineation places 1 county in the Manchester-Nashua, NH metro: Hillsborough County.
Which lenders made SBA 7(a) loans in the Manchester, NH metro in fiscal year 2025?
By approval count, TD Bank, National Association with 52, Rockland Trust Company with 14, and St. Mary's Bank with 11. On the 504 side, Granite State Economic Development Corporation recorded 11. The names are as the SBA released them.
Can a Manchester, NH-area project use USDA Business and Industry financing?
It depends on the address. Under 7 U.S.C. 1991(a)(13)(A) a rural area is one outside a city or town of more than 50,000 inhabitants and outside the urbanized area contiguous and adjacent to such a place. In a metro of 430,462 residents that test is still read address by address, so MMCG checks the subject address against the USDA Rural Development eligibility map at intake and names no town as eligible in advance.
Asset classes we study in Manchester
Where we work
The same study, prepared to the lender requirements of the state the project sits in.
