Guarantee Asset Program (New Hampshire)

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Last modified on February 12, 2015.

EZFeed Policy

Place New Hampshire


   
Applies to States or Provinces New Hampshire
Name Guarantee Asset Program (New Hampshire)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric (Small), Natural Gas, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes

Implementing Sector State/Province



























Program Administrator New Hampshire Business Finance Authority
Primary Website http://www.nhbfa.com/GAP.html



Last Review 2014-09-15



Summary

The Guarantee Asset Program provides indirect financing to capital-intensive companies by guaranteeing up to 90% of a bank loan. To be eligible for a loan through GAP, a New Hampshire business must have at least 25 full-time employees, and provide collateral with a recent market appraisal of 1.25 times the original principal value. Forty percent of the loan may be used for working capital.



Policy Contact

Department New Hampshire Business Finance Authority





Phone (603) 415-0190


Email BrendaP@nhbfa.com

     
     


















References