CRDC Announces $1million in Loan Funds Available for Business Development in Sullivan County
CRDC is pleased to announce it has more than $1.0 million in available funds to deploy for business development in Sullivan County. As one of ten Regional Development Corporations, Sullivan County
CRDC is pleased to announce it has more than $1.0 million in available funds to deploy for business development in Sullivan County. As one of ten Regional Development Corporations, Sullivan County is in CRDC’s service territory.
An informational session to learn more about CRDC’s Sullivan Loan Fund will take place on Wednesday, April 3 from 11:30am-1:30pm at Claremont MakerSpace, 46 Main Street in Claremont. Lunch will be provided. Registration is required at: https://claremontmakerspace.org
“Our Sullivan County Loan Fund is one of our direct loan programs and can be used to assist in the financing of redevelopment of high visibility projects,” said Stephen Heavener, CRDC Executive Director. “Loan amounts are flexible but our portion cannot be more than 50% of the total project. We typically work closely with commercial lenders on filling financing gaps for small businesses and redevelopment projects.”
“We strongly encourage our local business community to join CRDC, our local regional development partner for this informational session to learn more about this loan program,” said Nancy Merrill, Director of Planning and Development, Claremont Development Authority. “There is a great opportunity for real estate development with CRDC, a reputable partner that has successfully helped New Hampshire’s economic redevelopment landscape.”
CRDC is focused on providing financial support to businesses, in order to promote economic development, to foster the creation of quality jobs, and to enhance the economic well-being of our local communities.