Loan Enhancement Program (New Hampshire)
Last modified on February 12, 2015.
|Applies to States or Provinces||New Hampshire|
|Name||Loan Enhancement Program (New Hampshire)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Energy Storage, Fuel Cells, Hydroelectric (Small), Natural Gas, Solar Photovoltaics, Wind energy|
|Program Administrator||New Hampshire Business Finance Authority|
The Loan Enhancement Program enables bank and other lending institutions to provide up to 90% fixed asset financing by guaranteeing that the portion of the loan exceeding the bank’s lending guidelines. The BFA will guarantee the portion of the loan over the bank’s lending limits, with a maximum guarantee of $250,000 or 20% of the project cost. To be eligible businesses must have at least 25 employees and display proof of adequate cash flow.
|Department||New Hampshire Business Finance Authority|