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Posts Tagged ‘New Hampshire Bankers Association’

Banking on the Future

Tuesday, April 24th, 2012

The tide's coming in for the New Hampshire economy

            This morning, the New Hampshire Bankers Association shared the results of a survey it took in March, after polling over 400 businesses of all sizes in all corners of the state.

            In short, while some businesses still have lingering concern, access to credit is the least of their worries.

            And this is a good thing, because Granite State banks still see – and believe in – local businesses as the engines that will propel New Hampshire out of the recession.

            The findings of the survey are encouraging:

            – 82 percent of all businesses surveyed said they had no difficulty accessing the credit they needed in the last 12 months;

            – 94 percent said they looked to banks for their credit needs and

            – 41 percent of businesses surveyed sought a loan or line of credit in the past year, and the majority of those companies – 62 percent – were approved for the full amount of the request.  

            Nationally, 20 percent of businesses expect the economy to expand in the next year, but New Hampshire businesses – 30 percent of them – expect it to grow over the next 12 months.

            Perhaps the most promising result of the survey is that just over half of the businesses taking part in the poll – 52 percent – are confident they’ll see growth in both gross sales and revenues and 31 percent expect to add more employees as a result.


             “It reflects an ongoing commitment by New Hampshire’s banks to partner with local businesses in order to help them grow,” said Christiana Thornton, president of the New Hampshire Bankers Association.  “The majority of businesses continue to look to their bank for their financing needs, and receive the credit they are seeking. It is clear New Hampshire banks are playing a central role in supporting local businesses and helping to fuel the local economy.”




Venue Change for Small Business Financing Fair

Tuesday, June 23rd, 2009

It’s no secret that small businesses are the backbone of the New Hampshire economy. As just another example of the number of people who are interested in either starting or growing their own business, the venue of the Small Business Financing Fair being organized by Senator Jeanne Shaheen has changed to a much larger location. See below for all of the details.

U.S. Senator Jeanne Shaheen officially announced today that due to overwhelming demand, the June 29th Small Business Financing Fair will be moved to the Southern New Hampshire University’s Gymnasium located at the Athletics and Recreation Complex.  Attendees will have the opportunity to meet with more than 40 vendors, including 16 banks and lending institutions.


The Fair will provide current and prospective small business owners the opportunity to network with potential financing partners and learn about state, federal, and private funding resources.  Shaheen organized the Small Business Fair with the assistance of the Small Business Administration, Small Business Development Center, New Hampshire Division of Economic Development, the New Hampshire Bankers Association, New Hampshire Employment Security and Southern New Hampshire University.

Those wishing to attend the Small Business Financing Fair must pre-register online at http://shaheen.senate.gov/services/rsvp/

WHAT:      Small Business Financing Fair hosted by U.S. Senator Jeanne

 WHEN:      Monday, June 29th, 8:30 – 11:00 a.m.

 WHERE:    Southern New Hampshire University Gymnasium
                      Athletics and Recreation Complex
                      2500 N. River Road
                      Manchester, NH