Primary Bank
Primary Bank is an SBA 7(a) lender that has approved 199 loans totaling $76.1M between FY2020 and Q1 FY2026 (2025-12-31), with a 0.57% charge-off rate on mature loans. Average loan size: $382K. Active in 5 states. Headquartered in BEDFORD, NH.
Total 7(a) loans
199
Total approved
$76.1M
Average loan
$382K
States funded in
5
Charge-off rate
0.57%
FY2020–FY2023 cohort
Paid-in-full rate
37.50%
Average rate
5.92%
Average term
101 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 20 |
| 722511 | Full-Service Restaurants | 15 |
| 561730 | Landscaping Services | 8 |
| 713940 | Fitness and Recreational Sports Centers | 6 |
| 524210 | Insurance Agencies and Brokerages | 5 |
| 445299 | All Other Specialty Food Stores | 5 |
| 238210 | Electrical Contractors | 4 |
| 238150 | Glass and Glazing Contractors | 4 |
| 722330 | Mobile Food Services | 4 |
| 423930 | Recyclable Material Merchant Wholesalers | 4 |
Top 10 states
| State | Loans |
|---|---|
| NH | 179 |
| MA | 15 |
| NC | 2 |
| RI | 2 |
| ME | 1 |
Top franchise brands financed
7 franchise loans across 2 distinct brands.
| Franchise | Loans |
|---|---|
| Wrap City | 6 |
| Express Employment Professiona | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.