CRDC Provides Financing for Renovation and Expansion Project for Bedford School  


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CRDC is proud to announce it recently provided financing for the expansion and renovation project for New Morning Schools located at 23 Back River Road in Bedford, N.H. "We are excited to

CRDC is proud to announce it recently provided financing for the expansion and renovation project for New Morning Schools located at 23 Back River Road in Bedford, N.H.

"We are excited to welcome back our students for the fall semester now that all of our renovations and new construction are complete," said Linda Degler, Owner, New Morning Schools. "The new space allowed us to have a successful summer program for the first time which really has been my goal. The expanded space has allowed us to stay open year-round and provide full-time employment."

 
CRDC partnered with Eastern Bank to provide financing for Degler. Using the combination of a SBA loan and USDA funding, CRDC's Jennifer Boulanger worked to develop a financing package that allowed Degler to renovate an existing part of the school while adding on 7,000 sq. feet of new space.
 
"Linda was a dream to work with; super responsive and so very organized", CRDC's Boulanger said, "I should of known the whole process would go smoothly, Linda's ability to see the big picture and quickly ascertain the best course of action for her business made my job easy."
 
"This really was a seamless project," said Degler, "from the financing with CRDC and Eastern Bank along with Sullivan Construction who completed our renovations. We started construction in July 2015 and completed the project in March 2016. Everyone involved really understood that school was still in session during the construction. Jennifer was a pleasure to work with. She took the time to explain everything to me. She also took the time to understand the inner workings of the school and how we operated. She just didn't read the balance sheets, and I appreciated that." 
 
In addition to now offering year-round educational programs, New Morning Schools operates after school programs in18 public schools in southern New Hampshire.
 
(L-R) Keith Hudson, New Morning Schools Director of Summer Program, Jennifer Boulanger, CRDC Loan Officer, Linda Degler, New Morning Schools Owner, Brit Munstertiger, New Morning Schools New Business Development and Stephen Heavener, CRDC Executive Director stand in a portion of the renovated school.
 


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