CRDC Customers Recognized by SBA at Annual Awards Ceremony


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The Capital Regional Development Council (CRDC) is proud to announce that two of its customers were recently recognized by the New Hampshire Small Business Administration (SBA) Office. In

The Capital Regional Development Council (CRDC) is proud to announce that two of its customers were recently recognized by the New Hampshire Small Business Administration (SBA) Office. In celebration of Small Business Week, May 1 through May 7, the SBA along with the NH Bankers Association hosted is annual Small Business Awards Ceremony. 

More than 200 people attended the Award Ceremony held at the Manchester Country Club in Bedford, N.H. CRDC customer, Elie El-Chalfoun, owner and operator of Mega-X, a gas station and convenience store chain was named Small Business Person of the Year. CRDC was instrumental not only in nominating El-Chalfoun for the award, but more importantly for the financing of several of his gas stations.  “I want to thank CRDC Loan Officer, Jennifer Boulanger,” said Elie El-Chalfoun during his award acceptance speech. “Jennifer has built a bridge of trust – this bridge is between me and other banks. Without trust this would have never happened. I am thankful to be surrounded by people who trust me.”

The SBA also recognized CRDC customers, Dean Milliard & John Duff, owners of NH School of Mechanical Trades LLC in the category of Veteran Owned Business. This was another nomination submitted by Boulanger who stated in her nomination; “The school has seen consistent growth in creating a new educational opportunity in the State of NH supporting not only new job opportunities but working diligently to re-educate the unemployed to fill vacancies.” As Veterans, Milliard and Duff both recognize the opportunities the trades can present to returning Veterans. Today their school is an approved school under the G.I Bill and has been approved as a provider under the Workforce Innovation and Opportunity Act.

“We are very pleased to join the SBA and the NH Bankers Association in recognizing our customers, Elie El-Chalfoun, Dean Milliard and John Duff,” said Stephen Heavener, CRDC Executive Director. “As a mission based organization our goal at CRDC is work with the bank and the customer to structure the best financing options that work for them. In both loans it made sense to utilize SBA products. For Mega-X, we deployed funds through the SBA 504 Loan Program, and we utilized the SBA’s Intermediary Lending Pilot Program (ILPP) for NH School of Mechanical Trades. We utilize both of these programs quite a bit throughout our loan portfolio.”

Photo Caption: John Udaloy, SVP Group Market Manager at Northway Bank, Cosette El-Chalfoun with her husband, Elie El-Chalfoun, owner, operator of Mega-X and the 2016 NH SBA Small Business Person of the Year Recipient, Jennifer Boulanger, CRDC Loan officer and NH Governor Maggie Hassan. 

Photo Caption: Greta Johansson, District Director at the U.S. Small Business Administration, Jennifer Boulanger, CRDC Loan Officer, with John Duff, owner, NH School of Mechanical Trades, LLC and 2016  Veteran Owned Business Award Recipient with Gina Millard, Office Manager a NH School of Mechanical Trades. 



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