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CRDC Closes First Loan Under New SBA Pilot Loan Program to Growing Mancheter Technology Firm
Within one month of being awarded a $1.0 million loan from the U.S. SBA under the stimulus funded, Intermediary Lending Pilot (ILP) Program, CRDC closed its first loan to Manchester based,

Within one month of being awarded a $1.0 million loan from the U.S. SBA under the stimulus funded, Intermediary Lending Pilot (ILP) Program, CRDC closed its first loan to Manchester based, Helix Design, Inc.  According to CRDC's Executive Director, Stephen Heavener, "Unlike USDA funded loans, the ILP loan program permits direct lending in cities that have a population of 25,000 or greater." Great news he adds for companies in Manchester, Concord and Nashua.Jennifer Boulanger, CRDC lender worked on the deal and quickly realized that Helix's financial needs fit well into the ILP guidelines, where small businesses could use the loan proceeds for working capital, real estate, or the acquisition of materials, supplies, equipment. Joe Schappler, Principal and founder of Helix Design took advantage of the new loan program to fund working capital. "We essentially design cool things you want to use," said Schappler. "Industrial design is the consumer appeal to the product. You need a connection with the product - we make that happen." Some of the innovative products designed by Schappler and his team include; digital cameras, a video conferencing robot, a state-of-the-art water filter systems, but the products he is most proud of include a series of military gear, "We know our military is using good gear to fight, we know that because we designed it. "Recently, Helix received national publicity for its "Designed in America," mosaic they designed and featured in this photo. The design features a collage of more than 1,000 separate illustrations all inspired by and pertaining to the field of product design. "When viewed as a whole, the artistic inspiration takes on the image of the Stars and Stripes, and delivers a powerful message as well," said Schappler. For more information about Helix Design, visit their website at www.helixdesign.com

Photo Capton: Helix founder, Joe Schappler stands before his "Designed in America" flag with CRDC's Stephen Heavener and Jennifer Boulanger

 

 

 
 


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