NHBFA Empowers Granite State Analytical to Enhance Clean Water Testing Capabilities

Concord, NH – March 22, 2024 – Derry-based Granite State Analytical (GSA), a leading provider of laboratory testing services since 1987, specializing in drinking water for private well owners, small public water systems, and major municipalities, has partnered with the New Hampshire Business Finance Authority (BFA) and Enterprise Bank to secure a $340,307 term loan.
This funding will support the acquisition of specialized PFAS testing equipment, strengthening GSA’s testing capabilities and streamlining operations by bringing testing in-house. The strategic investment will increase testing turnaround time, promote public safety, and substantially grow GSA as a company.

James Key-Wallace, Executive Director of the BFA, stated, “This partnership exemplifies how New Hampshire companies leverage BFA funding mechanisms to scale their operations. Access to water and PFAS testing services is pivotal in our state, where nearly half of residents rely on private well water.”
The loan extension will facilitate GSA’s New Hampshire expansion, solidifying their regional presence and impact.

About the NHBFA
The Business Finance Authority (BFA) is a self-funding organization that fosters economic development and creates employment in New Hampshire. The BFA accomplishes these objectives by working with New Hampshire’s banking, business, and economic development sectors to develop and implement programs which expand the availability of credit in the state. Our customers include manufacturers, small and medium-sized businesses, health providers, and non-profit educational and cultural organizations.