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Help For Businesses Impacted By COVID-19

To support our small business and nonprofit customers during this unprecedented time, we are maintaining a list of federal and state resources available to you under the Coronavirus Aid, Relief, and Economic Security Act (CARES).

You may qualify for the following programs:

The program is open until August 8, 2020, but there is a funding cap, so apply as soon as you can.

  • No more than 25% of the loan can be used for non-payroll costs
  • 1% interest rate
  • First payment deferred for six months (interest will accrue)
  • Loan is due in two years
  • No collateral or personal guarantee is required
  • A completed Paycheck Protection Program application
  • Payroll documentation
  • To certify that the funds are needed to support your business during economic uncertainty

You can apply with any existing Small Business Association (SBA) lender, federally-insured depository institution or federally-insured credit union.

Find an eligible lender

The SBA Economic Injury Disaster Loan Program offers low-interest federal disaster loans for working capital to certain small businesses suffering substantial economic injury as a result of COVID-19.

This program is open until September 30, 2020, but you should apply as soon as possible.

Loan terms:

  • Loans up to $2M with rates of 3.75%, or 2.75% for nonprofits
  • Loans may be used to pay fixed debts, payroll, accounts payable and other bills that can’t be paid due to COVID-19
  • Repayment terms of up to 30 years 

Loan advance:

  • Loans advances of up to $10,000
  • Loan advance does not need to be repaid
  • Funds made available within three days of a successful application
  • 2019 tax return if filed, OR
  • 2019 year-end profit/loss statement and balance sheet with most recent tax filing
  • 2020 YTD profit/loss statement

Complete an application on the SBA website.

In response to COVID-19, the SBA has expanded SBA Express Bridge Loan eligibility to small businesses across the country that have sustained financial loss because of COVID-19.

The program expansions allows loans to be made through March 13, 2021.

Loan terms:

  • Maximum loan amount of $25,000
  • Maximum seven-year loan term
  • Repayment terms of up to 30 years and payments may be deferred for six months
  • Connects with an EDIL loan
  • 2019 tax return if filed, OR
  • 2019 year-end profit/loss statement and balance sheet with most recent tax filing
  • 2020 YTD profit/loss statement
  • An existing relationship with a SBA Express lender

Apply for an express bridge loan by contacting your local SBA District Office.

Administered by the Federal Reserve, the Main Street Lending Program is designed for medium-sized businesses that are too large for the Paycheck Protection Program 

Small and medium-sized businesses interested in the program can apply by contacting an eligible lender.

More information:

Visit the Federal Reserve Board website for more information.

CAP provides support on term loans and lines of credit up to $200,000.

The program can be used for temporary loans, working capital, equipment purchases and many long term uses. Eligible businesses must have annual revenues of less than $5M.

Learn more

Direct loans from the Business Finance Authority for any business purpose with a maximum of $200,000 and a maximum loan term of three years.

Loans have flexible amortization schedules and are contingent on satisfactory underwriting.

Learn more 

The Queen City Loan Fund provides new and existing Manchester businesses access to capital for growth or expansion. QCLF also aims to support and contribute to Manchester’s revitalization through business development and job growth.

Learn more

The MDC Revolving Loan fund provides financing assistance to businesses for the purpose of creating or retaining jobs in the city of Manchester, New Hampshire.

  • Loans of $10,000 - $50,000 may be used for working capital
  • Loans of $10,000 - $100,000 may be used for fixed asset acquisition and capital improvements

Learn more

CRDC offers several loan options to ensure that a wide array of needs are met. CRDC typically fills a financing gap that has been identified by a bank by providing a subordinated enhancement loan. 

Learn more

BDC Capital pools money from many financial institutions to share the risks of helping promising companies expand. It provides:

  • Loans
  • Mezzanine and equity investments
  • Guarantees
  • Financial services to businesses of all kinds

More information:

Visit the BDC Capital website for more information.