New Hampshire business owners at every stage need all the help they can get—and that’s why we put together this list of business grants and loans available to New Hampshire business owners. Check it out to see what you’re eligible for.
Department or Agency: New Hampshire Business Finance Authority
Loan or Grant title:Capital Access Program
The Capital Access Program (CAP) provides funding to banks, which then lend the money to small businesses located in New Hampshire. CAP provides a loan guarantee on term loans and lines of credit up to $500,000. Nonprofits, for-profit organizations, and startups may all qualify if their annual revenue is less than $5 million.
Department or Agency: New Hampshire Business Finance Authority
Loan or Grant title:Temporary Loans
The Business Finance Authority provides direct loans of $100,000 to $2 million to businesses across New Hampshire. The maximum loan term is three years, and companies can use the funds as capital for short-term needs.
Department or Agency: New Hampshire Business Finance Authority
Loan or Grant title:Credit Enhancements and Loan Guarantees
The Business Finance Authority guarantees loans for New Hampshire businesses that have struggled to obtain financing from traditional financial institutions. The BFA can guarantee up to 75% on lines of credit and 90% on term loans. The maximum line of credit is $2 million. To qualify, you must have at least 20 employees.
Department or Agency: New Hampshire Business Finance Authority
Loan or Grant title:Direct Financing
The Business Finance Authority provides direct loans to help New Hampshire Regional Development Corporations give financing to businesses. Loan sizes vary but range from $10,000 to $1 million.
Department or Agency: New Hampshire Business Finance Authority
Loan or Grant title:Early Stage Capital
The Business Finance Authority partners with different organizations to invest capital in New Hampshire’s newest and most innovative companies. Eligible companies in life sciences, digital health, and more can get investments through the Vox Health Fund and Millworks Fund II.
Department or Agency: New Hampshire Business Finance Authority
Loan or Grant title:Business Energy Loans
The Business Finance Authority gives loans to businesses that need help improving their energy efficiency. Eligible businesses can get loans starting at $100,000 to improve insulation, install new lighting, purchase more efficient manufacturing equipment, and more.
Department or Agency: Manchester Development Corp.
Loan or Grant title: Queen City Loan Fund
This program loans Manchester-based businesses that need capital for growth or expansion. Up to $75,000 in loans can be used for projects that create or retain jobs.
Department or Agency: Manchester Development Corp.
Loan or Grant title:Enhance MHT
The Manchester Development Corp offers $500 grants to businesses and landlords to improve their storefronts. The grants cover projects such as streetscapes, outdoor seating, restaurant barriers, and facade improvements.
Department or Agency: Manchester Development Corp.
Loan or Grant title: Kickstart MHT
The Manchester Development Corp offers low-interest loans up to $25,000 to help businesses in downtown Manchester start or expand. To qualify, you need 10 or more employees and be located between Canal Street and Chestnut Street or Bridge Street to Granite Street.
Department or Agency: Manchester Development Corp.
Loan or Grant title: Custom MHT Loan Fund
The Custom MHT Loan Fund offers businesses customizable loans to support real estate acquisitions, expansions, and improvements in downtown Manchester. The loan term cannot exceed 10 years.
Department or Agency: Northeast Angels
Loan or Grant title:General Funding
Northeast Angels is an organization that provides loans to entrepreneurs and early-stage businesses located in New England. Preference is given to businesses within driving distance of Nashua, New Hampshire. The group may also provide business mentorship and advice.
Department or Agency: Community Loan Fund
Loan or Grant title: Commercial Loans
The Community Loan Fund provides loans ranging from $10,000 to $1 million to small businesses in New Hampshire. (In some circumstances, loans over $1 million are possible, depending on the lender.) Businesses operating for the past 12 months may qualify, and the loan funds can be used for purchasing equipment and other fixed assets, acquiring businesses, buying or improving land and buildings, marketing, developing new products, and expanding inventory.
Department or Agency: New Hampshire Department of Business and Economic Affairs
Loan or Grant title: State Trade Expansion Program (STEP) Grant
New Hampshire’s State Trade Expansion Program (STEP) offers Financial Assistance Award (FAA) grants to businesses that need help promoting their export-related activities. Eligible businesses can receive 80% of their project costs reimbursed up to $7,500 for a STEP 11 award and $8,000 for a STEP 12 award.
Department or Agency: New Hampshire Employment Security
Loan or Grant title:WorkInvestNH
WorkInvestNH is a job training grant available to businesses in or willing to relocate to New Hampshire that provide comprehensive job training for their workers. Eligible companies can receive matching funds (up to $70,000) to cover on-site training, basic skills training, technical skills training, quality improvements and safety training, management and supervision training, and English as a second language training.
