New Hampshire Business Finance Authority Loan Participations
BFA Loan Participations subordinate state financing behind a bank loan to reduce collateral gaps and improve terms for New Hampshire businesses.
About this program
The New Hampshire Business Finance Authority Loan Participation program helps banks close eligible business loans by participating in and subordinating a portion of the financing behind the bank. Participation amounts range from $100,000 to $5,000,000, with a maximum overall loan size of $20,000,000. Eligible uses include commercial real estate, equipment, and working capital for business purposes, while passive real estate, business acquisitions, and owner cash-outs are prohibited.
Eligibility
Established New Hampshire businesses and nonprofits with a bank-submitted business-purpose loan request that can show a New Hampshire economic benefit.
Requirements
- Loan participation request must be submitted by the bank to BFA.
- Participation amount must generally be between $100,000 and $5,000,000.
- Maximum loan size is $20,000,000.