June 20- 2022 – The New Hampshire Business Finance Authority (BFA) is pleased to announce that New Hampshire has received $61 million in new funding to lend to Granite State businesses. These new funds will allow New Hampshire companies greater access to financing in order to grow in the post-pandemic economy.
“100% of these funds will be delivered directly to New Hampshire businesses in the form of loans, guarantees and access to capital through our local lending partners,” stated James Key-Wallace, Executive Director of the New Hampshire Business Finance Authority. “These funds offer an enormous opportunity for New Hampshire and will turbo-charge the BFA’s already successful programs that help companies grow and create high-quality jobs.”
“Small businesses are the backbone of our state and supporting their ability to innovate and grow is critical to our economy,” stated New Hampshire Governor Chris Sununu. “New Hampshire is the best state in the nation for small businesses, and these funds demonstrate our commitment to keeping New Hampshire at the cutting edge of the country’s economy.”
“I’m very pleased to see these federal funds put to good use by providing critical assistance to New Hampshire businesses,” stated New Hampshire Senator Jeanne Shaheen, a senior member of the Senate Appropriations Committee. “I’m also particularly proud of the diversity of our small businesses seeking these loans, which include veteran, minority and women-owned businesses, and businesses located in rural areas in order to help pockets of our economy that are often underserved. I look forward to seeing these businesses expand and thrive, and will continue to advocate for federal assistance that invests in our small business community.”
To provide financing to qualified companies, the BFA will work with local bank lenders and regional development corporations. The BFA will also be providing direct loans to assist high-growth companies as well as enable greater access to start-up financing.
Companies interested in applying for a loan should reach out to their local banking institution to see if they qualify. For more information about BFA programs and resources, please visit www.NHBFA.com.
About the NHBFA
The Business Finance Authority (BFA) was created to foster economic development and create employment in New Hampshire. The BFA accomplishes these objectives by working with New Hampshire’s banking, business, and economic development sectors to expand the availability of credit in the state. Our customers include manufacturers, small and medium-sized businesses, high-growth industries, health providers, and non-profit educational and cultural organizations.