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.

Another way we support our communities!
06/10/2026

Another way we support our communities!

An amazing time was had by all at this year's Maker Fest!

Thank you to all of our wonderful sponsors, including: The State of New Hampshire on behalf of the UNIQUE College Investing Plan, New Hampshire PBS , Granite State Development Corporation, New England Biolabs, Novocure, Albany International , Eversource NH, Chinburg Properties, Breezeline, Beswick Engineering, QA Cafe, Martel Plumbing and Heating, Inc. - Dover, NH, and Service Credit Union.

Supporting our communities is just one of the many ways we encourage growth and economic development!
06/06/2026

Supporting our communities is just one of the many ways we encourage growth and economic development!

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

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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