Friday, November 30, 2012 - Source: NHBR - Online Publication www.nhbr.com
New CRDC loan for high-tech firm is a first for New Hampshire
A growing Manchester technology firm is the first New Hampshire company to secure a loan through a new U.S. Small Business Administration pilot program, administered locally by the Capital Regional Development Council.
Helix Design Inc., a full-service industrial design firm headquartered in the Manchester Millyard, secured a $200,000 loan through the program, called the Intermediary Lending Pilot program. Helix will use the loan for working capital fund the company's growth.
The ILP program was established by the federal Small Business Jobs Act of 2010 and was funded by the federal stimulus.