Exploring How Merchants Bancorp Supports Small Business Growth with SBA Loans

Exploring the 2025 Impact of NH SBDC on Local Entrepreneurs

Update A Thriving Business Landscape in New Hampshire: The 2025 NH SBDC Impact In 2025, more than 3,000 small business owners and entrepreneurs turned to the New Hampshire Small Business Development Center (NH SBDC) for assistance, marking a significant year for business growth across the state. With diverse businesses ranging from local bakeries to innovative wellness services and creative delivery solutions, the NH SBDC played a crucial role in fostering entrepreneurship and economic development. Success Stories: How NH SBDC Supported Entrepreneurs Evan Lang, owner of Dishon Bakery in Manchester, references NH SBDC as a “game changer” that propelled his business journey. With over $267.9 million in overall economic impact reported, NH SBDC clients raised $23.67 million in capital and supported nearly 5,024 jobs. This compelling data underlines the center's vital influence on New Hampshire's entrepreneurial ecosystem. A Diverse Clientele: Women, Veterans, and Rural Entrepreneurs The NH SBDC's clientele was notably diverse in 2025, with 54% consisting of women and 9.3% being veterans. Additionally, 7.1% of clients came from rural areas, demonstrating a commitment to supporting various demographics. Programs tailored to accommodate these segments are critical, recognizing the unique challenges they face in entrepreneurship. The Value of SBDC: Expert Guidance for Growth The NH SBDC's years of experience culminate in dedicated business advising that's free for clients. This personalized approach is invaluable, as noted by Lang, who emphasized that the expert guidance he received was instrumental in launching his business ahead of schedule. With advisors like Amy Bard paving the way for success stories, the center has positioned itself as a cornerstone of support in the local business community. The Role of NH SBDC in the Global Economy What sets the NH SBDC apart is its ability to adapt to the complexities of today’s global economy. This flexibility allows entrepreneurs to not only start but also grow their businesses sustainably. SBDC’s programs are designed to provide not just theoretical knowledge but practical skills that entrepreneurs can apply directly, fostering a culture of innovation and resilience. Future Trends: Expanding Opportunities for Entrepreneurs Looking forward, the landscape for entrepreneurs shows potential for further growth. Creative business models, like a couple delivering puppies via electric vehicles, illustrate the innovation present within the state. Support for such emerging businesses can be pivotal, encouraging ideas that align with modern consumer values around sustainability. Common Misconceptions: What Small Business Owners Might Not Know There are often misconceptions about the barriers to entry in the small business sector. Many budding entrepreneurs feel overwhelmed by financial planning or business valuations when, in fact, resources like the NH SBDC exist to simplify this journey. Engagement with such organizations can eliminate fears surrounding startup complexities. Actionable Insights for Aspiring Entrepreneurs For those considering entrepreneurship, the first step is to connect with local business advisory services. The NH SBDC offers invaluable resources, workshops, and one-on-one advising to guide you through setting up your business. Don't hesitate to reach out — the knowledge and support available can significantly accelerate your path to successful business ownership. Conclusion: Join the Successful Entrepreneurs of New Hampshire The success stories highlighted in NH SBDC’s 2025 report serve as an inspiration for prospective entrepreneurs. Recognizing that assistance and guidance are widely available can be the first step toward realizing your business dreams. Leverage the resources at hand, and take that significant step into entrepreneurship today!