Direct Lending


  • "Say the name, Corey Fletcher around the restaurant industry in the Capital Region and many automatically think of his reputation for creating outstanding cuisine in the kitchen. Most recently, the for…"
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CRDC manages a variety of small business loan funds targeted to growing New Hampshire businesses throughout New Hampshire.  After an analysis of the potential borrowers needs, the CRDC loan officer will work closely with your banker to determine the best program to assist the project. The program is designed as a small business problem solving fund and CRDC can be flexible in tailoring the loan to meet the needs of the borrower. The following are general program terms:

  • Maximum Loan Amount: $250,000.00, will consider larger loans on a case by case basis.
  • Maximum Participation: 50 percent of total project financing. Up to 75% on loans under $75,000.
  • Eligible Uses: Purchase of land, purchase of existing building, renovation of real estate, construction of new facility, purchase of machinery and equipment, working capital and  impactful real estate development projects.
  • Required Job Creation: 1 new full-time employee for every $50,000 loaned. CRDC will also consider providing assistance if a compelling case for job retention is made by the borrower.

 


For information please contact Chuck Gilboy or Jennifer Boulanger
CRDC • (603) 651-0679 or (603) 369-6147