The New Hampshire Business Resource Center works with banks, equity and angel investors, regional development corporations and government agencies.
REGIONAL DEVELOPMENT CORPORATIONS
- Belknap County Economic Development Council (BCEDC) has a $3 million revolving loan fund used to provide gap financing to viable projects. BCEDC participates in a range of local workforce development and entrepreneurship initiatives aimed at strengthening Belknap County's business climate. Loan programs include Belknap County Revolving Loan Fund, Community Development Block Grant, Intermediary Relending Program, Enterprise Loan Fund, and Lakes Region Job Start Fund. Loan amounts vary by program, but can range from $15,000-$500,000. 603-524-3057.
- Capital Regional Development Council (CRDC) provides a variety of economic development services to businesses and local governments throughout New Hampshire. CRDC focuses on programs that result in private sector job creation and local property tax base enhancement. Loan amounts typically range from $10,000-$150,000, with loans available for businesses in Merrimack, Hillsborough and Sullivan counties. 603-228-1872.
- Coastal Economic Development Corporation (CEDC) works with new, emerging, and growing businesses within its region to provide critical gap financing for real estate, equipment, and working capital. The minimum loan is $25,000, with loan amounts going up to $500,000, and higher under certain circumstances. 603-929-9244.
- Coos Economic Development Corporation (CoosEDC) was created to promote economic opportunity and industrial development in Coos County and the surrounding area and to provide continuing support for existing and new business and industry in the area. CoosEDC maintains a revolving loan fund, typically used to provide gap financing. CoosEDC assists businesses with their application for a Community Development Block Grant (CDBG). CDBG funds, which are provided through the NH CDFA, aid in job creation and retention. Maximum funding for a project is $500,000. email@example.com. 603-778-3900.
- Grafton County Economic Development Council (GCEDC) assists businesses applying for CDBG used for acquiring land and buildings, construction of commercial buildings, purchase of machinery and equipment, working capital and employee training, which provide job opportunities to lower middle income people in Grafton County. Also available: Intermediary Relending Program funds, used to preserve or create economic opportunities in Grafton County. Loans typically cap at $125,000. 603-536-2011.
- Monadnock County Economic Development Council (MEDC) can address a business' need for buildings, equipment, and working capital by utilizing programs like CDBG, USDA Rural Development Business and Community Facilities Programs, and state and federal tax credits, and other public economic development funding tools. MEDC manages two internal Revolving Loan Funds (RLFs), and also owns and manages a large portfolio of commercial, industrial and residential real estate available for lease or purchase. 603-342-4939
- Mt. Washington Valley Economic Development Council (MWVEDC) has a variety of loan programs including the Mt. WashingtonValley Economic Loan Fund, Conway Loan Fund,Intermediary Relending Program and Job Retention Fund, with loan amounts ranging from $5,000 to $250,000. MWVEDC also operated the Tech Village, a facility that incubates small high tech businesses. 603-447-6622
- Northern Community Investment Corporation is a non-profit, certified Community Development Financial Institution serving Carroll, Coos and Grafton counties. Plymouth office: 603-536-2202. Lancaster office: 603-788-2700
- Regional Economic Development Center of Southern New Hampshire (REDC) assists with finding lending partners, financing expansions or providing assistance with restructuring. Loan amounts are typically $25,000 to $500,000 and can be used for real estate, machinery, furniture, fixtures, equipment, working capital or inventory. 603-772-2655
- Southeast Economic Development Corporation (SEDC) has assembled one of the largest revolving loan funds and loan portfolios in the state. SEDC works with tax credit, loan guarantee, technical assistance and "grant to business" programs to serve businesses in Strafford County. 603-749-2221
- Wentworth Economic Development Corporation (WEDCO) serves the eastern Lakes Region, which includes the northern Strafford and southern Carroll County areas. It offers a Revolving Loan Fund, Intermediary Lending Program, CDBG program, and NH Business Finance Authority (BFA) Indirect Loan Program. 603-569-4216
OTHER SOURCES OF FINANCING
- The City of Rochester has created the Job Opportunity Benefit (JOB) Loan Program in order to create and sustain a supportive environment for growing small businesses. This program is a revolving loan fund that offers business loans in amounts generally from $10,000 to $50,000 for companies creating jobs for low and moderate income individuals. The JOB Loan Program is an equal opportunity lender and is funded by the US Department of Housing and Urban Development (HUD) through a Community Development Block Grant. Also offers businesses assistance with site selection and local municipal processes. Provides referrals to businesses in need of training and education, financing, business/marketing plans, and business counseling. Contact: City of Rochester Economic Development Department, Karen G. Pollard, Economic Development Manager, 31 Wakefield Street, Rochester, NH 03867. 603-335-7522. FX: 603-335-7597/ Karen.firstname.lastname@example.org
- Granite State Economic Development Corp. is the top certified development company in New England and number4 in the nation, administering the SBA 504 program since 1982. It has accomplished this by working with local banks, providing over 3,000 504 loans since 1990 to small businesses throughout New England. 1 Cate Street Eldridge Park, Unit 5, P.O. Box 1491, Portsmouth, NH 03802-1491. 603-436-0009
- NH Community Development Finance Authority (CDFA) administers nearly $40 million in funding resources, which includes a combination of state tax credits and federal Community Development Block Grant, Neighborhood Stabilization, Energy Reduction Funds and other grant and loan programs. 603-226-2170
- NH Community Loan Fund (NHCLF) collaborates with a wide range of donors and lenders, and with business, nonprofit and government partners to provide funding to New Hampshire individuals, organizations and employers. Loan amounts range from $1,000 to $500,000. NHCLF does not do start-up financing. 603-224-6669
- NH Business Finance Authority (NHBFA) works with the state's banking, business and economic development sectors to develop and implement programs that expend the availability of credit in New Hampshire. 603-415-0190
- Serving USDA – Rural Development provides technical assistance and financial backing for rural businesses and cooperatives to create quality jobs in rural areas. The Concord office provides services to Belknap, Cheshire, Hillsboro, Merrimack, Rockingham, Strafford and Sullivan Counties. The Conway office serves Carroll, Coos and Grafton counties. Programs include the Business and Industry Guaranteed Loans and Rural Energy for America Program (REAP) competitive grant program that provides up to $100,000 for a business's energy improvements. USDA RD does not fund start-ups. Concord 603-223-6041. Conway 603-447-3318.
- US Export-Import Bank is an independent U.S. Government agency whose mission is to assist in financing the export of U.S. goods and services to international markets. Most export finance programs exist to cover the political and commercial risk of exporting, and Ex-Im Bank will often assume these risks which the private sector is unwilling or unable to accept. The Export-Import Bank's representative at the International Trade Resource Center serves as an intermediary for the U.S. Small Business Administration's (SBA) Export Working Capital Program.
- US Small Business Administration, NH District Office (SBA) provides small businesses with an array of financing for small businesses from the smallest needs in micro-lending to substantial debt and equity investment capital (venture capital). 603-225-1400