Granite State Development Corporation

Granite State Development Corporation GSDC provides long term, fixed rate financing for businesses looking to purchase fixed assets. At this time, the lending program was known as the 503 program.

We are a non-profit lender authorized to package and service Small Business Administration (“SBA”) 504 loans. Granite State Economic Development Corporation (“GSDC”) is a non-profit lender authorized to package and service Small Business Administration (“SBA”) loans utilizing the 504 lending program. We are the most active certified development company in New England and provide financing in the s

tates of Maine, Massachusetts, New Hampshire and Vermont. President, Alan Abraham, created GSDC in affiliation with the City of Portsmouth in 1982 upon receipt of its certification by SBA. It was renumbered 504 in 1987. Initially the geographic territory was limited to 3 counties in the state of New Hampshire. In 1985, we became an independent Certified Development Company (“CDC”) and in 1986 expanded territory to include the entire state of New Hampshire. While expansion is restricted by SBA certification, Granite State Development has grown to provide statewide coverage for all of Northern New England. Granite State Development is one of the largest CDCs nationwide, generally ranking in the top 5 for volume and dollar and has been recognized as the most active 504 lender in New England for at least 5 years. We are proud to support the SBA program to assist entrepreneurs in financing their facilities and providing this important economic business development tool. Granite State Development’s purposes has always been to assist small businesses to expand and grow, thereby helping the New England economy. Since 2008, in cooperation with our valued bank lending partners, we have participated in 1,325 transactions for over $600 million, helping create over 9,000 jobs in New England. This is more than all other CDCs in New England combined.

We did it again! Is there anything better than giving a full scholarship to a hard working student? (Well, maybe bein...
05/21/2026


We did it again! Is there anything better than giving a full scholarship to a hard working student? (Well, maybe being the one who receives it!)!

We are incredibly proud to announce our next GSDC scholarship recipient at the University of New Hampshire: Congratulations to Woods (Class of 2028)!

Our recipients are chosen based on merit and financial need with a passion for fields that align with our community investment and development goals. Lily embodies all of this and more. Lily, We are excided to see all that you will accomplish!

Read more about her story and the surprise reveal here:

Lily Woods ’28 is the most recent recipient of the Granite State Development Corporation (GSDC) scholarship, now in its seventh year, and the third student in the College of Life Sciences and Agriculture to receive the scholarship.

04/16/2026
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03/24/2026

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03/24/2026

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Netflix star to open $4.6M frozen food factory in Hingham >> See the full article below ⬇️

Arena will be speaking on utilizing 504 to finance real estate and equipment as part of a panel on Monday, April 27, 20...
03/06/2026

Arena will be speaking on utilizing 504 to finance real estate and equipment as part of a panel on Monday, April 27, 2026 from 10:30 a.m. - 11:15 a.m. "The Key Steps in Successfully Entering & Exiting Restaurant Ownership." Will we see you there?

New England Restaurant & Bar Show is the region’s largest restaurant, bar, and foodservice event serving both the foodservice and retail sectors.

A little team building after days of conferences with National Association of Development Companies - NADCO. GSDC sponso...
10/20/2025

A little team building after days of conferences with National Association of Development Companies - NADCO. GSDC sponsored one of the co****le games and played against SomerCor who also sponsored.

They won, but it was tied up until the last round, then they hit 3 ringers for the win!
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We got that Jenga pretty high before it toppled. 😬

https://lnkd.in/p/eXrbbrCKAttention Manufacturers! Reduced cost of financing effective 10/1/2025!
09/22/2025

https://lnkd.in/p/eXrbbrCK
Attention Manufacturers! Reduced cost of financing effective 10/1/2025!

Big savings coming for Manufacturers (NAICS 31-33) with SBA guaranty fee waived for all 504 loans (regardless of size) and elimination of SBA ongoing service fee, effectively reducing rate by .209%! Keep in mind - “small” is relative. For simplicity purposes - a business with a tangible net wort...

09/12/2025

✨ Thank you to everyone who visited us at the Thunder Over New Hampshire Air Show! We loved providing a calm space for families to take a break and reset, as well as showcasing our fidget exploration table. 💙✈️

Thank you to our sponsors, Kennebunk Savings and Granite State Development Corporation, for making this event possible and supporting our mission.

We love to be of service in our communities! Our own Brant Abraham taught a class on financial markets. Thank you to ...
09/11/2025

We love to be of service in our communities! Our own Brant Abraham taught a class on financial markets.

Thank you to Junior Achievement of Greater Boston for coordinating this great event.

Address

1 Cate Street, Fl 3rd
Portsmouth, NH
03801

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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