Guarantee Asset Program (New Hampshire)
Last modified on February 12, 2015.
|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|
|Program Administrator||New Hampshire Business Finance Authority|
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.
|Department||New Hampshire Business Finance Authority|