While New Hampshire is a lovely state, its high taxes and an aging workforce may make it a challenging place to run a business. New Hampshire business owners 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.
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: 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 ranging from $100,000 to $2 million for businesses across New Hampshire. The maximum loan term is three years, and businesses can use the loan funds as capital for short-term needs.
Department or Agency: Manchester Development Corp.
Loan or Grant title: Queen City Loan Fund
This program provides loans to Manchester-based businesses that need capital for growth or expansion. Loans go up to $75,000 and can be used for projects that lead to job retention and creation.
Department or Agency: Manchester Development Corp.
Loan or Grant title: Queen City Loan Fund
This program provides loans to Manchester-based businesses that need capital for growth or expansion. Loans go up to $75,000 and can be used for projects that lead to job retention and creation.
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 $1,000 to $1 million to small businesses in New Hampshire. (In some circumstances, loans over $1 million are possible, depending on the lender.) Businesses that have been 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 capital
- Developing new products
- Expanding inventory
