Other Loan Programs

New Hampshire Business Finance Authority

Credit Enhancement Initiatives

• Capital Access Program (CAP)
• Working Capital Line of Credit Guarantee (WAG)
• Guarantee Asset Program (GAP)
• Guarantee of loans to Small Business (SBA’s 7a)
• Aid to Local Development Organization

Bond Financing

• Tax-Exempt Industrial Development Bond
• Non-profit Bond Financing

The Business Finance Authority (BFA) was created in 1992 to foster economic development and create 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. Customers include manufacturers, small and medium-sized businesses, health providers, and non-profit educational and cultural organizations

New Hampshire Community Development Authority

Community Development Block Grant Program (CDBG)

• Housing and Public Facilities Grants
• Feasibility Study Grants
• Economic Development Loans

Community Development Investment (Tax Credit) Program (CDIP)

Created in 1983, the Community Development Finance Authority (CDFA) supports affordable housing and economic development activities that benefit low and moderate income citizens in New Hampshire. Using a combination of state tax credits and Community Development Block Grant funding, CDFA provides project funding, technical assistance, and financial support to nonprofit community development organizations, counties, municipalities, cooperatives, and other volunteer citizens groups. These organizations, in partnership with CDFA, create affordable housing, support the formation of new jobs and help retain existing employment for low and moderate-income New Hampshire residents.

The New Hampshire Community Loan Fund

• Micro-CreditNH
• Vested for Growth
• Child Care facilities Program
• Non-Profit Facilities Program

The Loan Fund, a private nonprofit organization, was founded in 1983 with the belief that low-income people could build their assets and gain long-term economic stability if they could be connected to institutions and people with capital resources and the willingness to share them.

Small Business Administration

• 7(a) Loan Guaranty Program
• Low Documentation Loan
• SBA Express
• CAP Line
  • Contract Loan Program
  • Seasonal Line of Credit Program
  • Builders Line Program
  • Small Asset-Based Line
  • Standard Asset-Based Line
• Export Working Capital Program
• International Trade Loan Program
• SBA 504 Loan Program
• Microloan Program
• Small Business Investment Company Program
• Disaster Assistance

The SBA’s loan guaranty programs provide a key source of financing for viable small businesses that have real potential, but cannot qualify for loans from traditional sources. SBA guaranties, provided through private lenders and nonprofit lending institutions, give small business owners access to the same kinds of reasonably priced, long-term financing available to large businesses by virtue of their size and economic clout.

USDA – Rural Development

• Community Facilities Loan
• Distance Learning and Telemedicine
• Farm Labor Housing
• Intermediary Relending Program (IRP)
• Renewable Energy and Energy Efficiency Program (REEEP)
• Rural Broadband Access Loans and Loan Guarantees
• Single Family Housing Loans and Grants
• Value-Added Agricultural Product Market Development Grant Program
• Water and Waste Disposal Loan Guarantees

The USDA – Rural Development’s financial programs support such essential public facilities and services as water and sewer systems, housing, health clinics, emergency service facilities and electric and telephone service. They promote economic development by supporting loans to businesses through banks and community-managed lending pools. They offer technical assistance and information to help agricultural and other cooperatives get started and improve the effectiveness of their member services. And they provide technical assistance to help communities undertake community empowerment programs.

The USDA – Rural Development has an $86 billion dollar portfolio of loans and will administer nearly $16 billion in program loans, loan guarantees, and grants through their programs.

USDA Department of Agriculture

• Beginning Farmer and Rancher Loans
• Downpayment Farm Ownership Loans
• Emergency Loans
• Farm Operating Loans (OL)
• Farm Ownership Loan
• Farm Storage Facility Loans
• Loans to Socially Disadvantaged Farmers/Ranchers
• Youth Loans

Farm loans are provided to family-size farmers and ranchers who cannot obtain commercial credit from a bank, Farm Credit System institution, or other lenders. These loans can be used to purchase land, livestock, equipment, feed, seed, and supplies, and construct buildings or make farm improvements.

The BCEDC is an Equal Opportunities Lender.

For more information on our loan programs or other initiatives in partnership with conventional and non-traditional lenders, please contact the BCEDC at info@bcedc.org