2 Pillsbury St., Suite 201, Concord, NH 03301
603-415-0190
Working with the state's banking, business and economic development agencies, the BFA develops programs to increase credit availability throughout NH.
Aid to Local Development Organizations:
Offers secondary market loans for local development organizations (LDOs) and provides additional funding to an LDO when its loan capacity is not enough.
Business Energy Conservation Revolving Loan Fund:
Provides direct loans to businesses to complete cost-effective energy efficiency improvements. Loans: $100,000 or more.
Capital Access Program (CAP):
Provides loan guarantees for startups or business expansions with annual revenues of less than $5 million. Loans: Up to $200,000.
Collateral Shortfall Program:
Provides either supplemental collateral or subordinate debt to address collateral shortfalls that are inhibiting the expansion or refinancing of manufacturers or other value-added companies.
Guarantee Asset Program (GAP):
Provides financial guarantees to capital-intensive businesses. Loans: Full range, but businesses must provide collateral with a market value appraisal of 1.25 times the original note amount. Up to 90 percent of loan is guaranteed by BFA.
Industrial Revenue Bonds (IRB):
Provides low-cost borrowing for issuer and federal tax-free income for the purchaser.
Nonprofit Bond Financing:
Issues tax-free revenue bonds for 501(c)(3) organizations to acquire land and equipment and to refinance existing asset-based debt.
Working Capital Asset Guarantees (WAG):
Working capital line of credit guarantee. Loans: Up to $2 million with up to 75 percent guaranteed by the BFA.
Current Issue - April 2024