Greater Nashua Revolving Loan Fund
Working capital loans and fixed assets loans used to leverage private investment, focusing on high technology and manufacturing. (Loan range $25,000 to $100,000). Funds provided to encourage the expansion of existing industry clusters and developing emerging new clusters. Should generate a return on investment by attracting private capital investment and high wage jobs that promote regional prosperity.
Nashua Micro-Loan Fund
The Nashua Micro-Loan Fund providesloans of up to $25,000 to qualified micro entrepreneurs who live in Nashua or operate a business in Nashua.. Typical loans will range from $5,000 to $15,000. The Nashua Micro-Loan Fund is funded with Community Development Block Grant (CDBG) funds and those who receive funds must met one of the following National Objectives as defined in 24 CFR 570.208:
- Business serves a predonimatley low income area determined by the City of Nashua.
- Business is a micro-enterprise, defined as a small business with five or fewer employees, including the owner, if the business owner's household income does not exceed CDBG limits as defined annuall by HUD.
- Assistance will result in the creation or retention of jobs to be held by a low-income individual.
Nashua Brownfields Cleanup Revolving Loan Fund
Regional Economic Development Corporation of Soutthern New Hampshire (REDC)
In 2010, the City of Nashua was awarded funds from the Environmental Protection Agency (EPA) to help Nashua clean up and revitalize eligible brownfield sites. An eligible site is defined by the Brownfields Law as a site where expansion, redevelopment, or reuse may be complicated by the presence or potential presence of a hazardous substance, pollutant, or contaminant. The Fund is now available offering flexible terms and low interest rates.
REDC is a non-profit regional economic development corporation located in Southern New Hampshire. REDC operates a regional revolving loan fund that serves businesses located or moving to Central and Western Rockingham County as well as part of Eastern Hillsborough County. They work either in partnership with local lenders or independently to help complete projects leading to job creation.
MicroCredit-NH provides self-employed and small business entrepreneurs with loans of up to $10,000 for participating business members.
Ocean National Energy Efficiency Program
Ocean’s Renewable Energy and Energy Efficiency Business Loan is designed to help New Hampshire businesses lower energy costs with a reduced interest rate loan. Participating businesses can use the loan for structural and equipment improvements that will reduce energy consumption, thereby saving their business money and helping to conserve energy.
Borealis Ventures is a seed and early stage venture capital firm focused on investing in companies in Northern New England.
The Breakfast Club
The Breakfast Club is an informal group of angel investors with a focus on high tech business community.
Northeast Angels is an early-stage investment group which works with entrepreneurs and businesses located in the Northeast with a focus on opportunities located around the business corridor between Manchester and Nashua, New Hampshire and surrounding communities.
New Hampshire Community Loan Fund
The New Hampshire Community Loan Fund connects owners of small businesses with the risk-tolerant financing and expertise they need to compete in a changing marketplace. Loans for small businesses and microenterprises range from $1,000 to $500,000 and are structured to fit the borrower’s needs. Borrowers must have revenue from each of the preceding 12 months and must have filed a tax return for the business.
Vested For Growth
Vested for Growth (VFG) provides risk-tolerant capital, business education, and peer-learning opportunities to help owners of small businesses increase profits and create higher-quality jobs. VFG provides sub-debt and royalty financing when banks and equity sources are unable to meet a business’s needs, as well as management assistance, industry contacts, CEO peer learning, and connections to additional sources of bank debt and private equity. VFG is a program of the New Hampshire Community Loan Fund.