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BEDCO has established a Revolving Loan Fund (or RLF) for the purpose of assisting business growth and expansion in northern New Hampshire. Under the terms of the establishment of the fund, the following program and eligibility requirements apply:
- Loan recipient must be located in or establishing in BEDCO's Service Area
- The business must meet the U.S. SBA definition of a "small business".
- BEDCO provides loans to new or growing businesses for:
- Real estate acquisition or improvement
- Business acquisition or expansion
- The purchase of furniture, fixtures, machinery, equipment, or rolling stock
- The purchase of new technology and/or
- Inventory and working capital
- The business must demonstrate, with a business plan, the capacity to repay its debt and meet financial goals.
- BEDCO finance is not a substitute for bank finance.
- BEDCO does not make:
- Unsecured loans
- Loans for passive real estate investment and
- Loans to take out existing long term debt (Some exceptions are made based on certain circumstances.)
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Making Business Finance Possible in Northern New Hampshire
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