CRDC is pleased to announce it has more than $1.0 million in available funds to deploy for business development in Sullivan County.
CRDC's Executive Director, Stephen Heavener, and CRDC Loan Officer, Liz Sweeney spoke to a number of business owners and commercial lenders during an informational session held at the Claremont MakerSpace.
"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 is generally not more than 50% of the total project. We typically work closely with commercial lenders on filling financing gaps for small businesses and redevelopment projects."
"There is a great opportunity for real estate development with CRDC, a reputable partner that has successfully helped New Hampshire's economic redevelopment landscape," said Nancy Merrill, Director of Planning and Development, Claremont Development Authority.
Heavener added, "We are 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 the communities in our service area."
Local SBDC and SBA representatives also joined Stephen Heavener and Nancy Merrill to assist local business owners with questions and advice.
Back Row: Phillip Frechette, SBA Lender Relations Specialist with Stephen Heavener, CRDC Executive Director.
Front row: Melanie Patterson, Business Advisor, SBDC Keene Office, Nancy DuBosque, Regional Director, SBDC Keene Office,
Nancy Merrill, Director, Department of Planning and Development, City of Claremont, Liz Sweeney, CRDC Loan Officer
and Cheryl Croto, Public Affairs Officer, SBA.