Areas Served: Northern Strafford and southern Carroll County
The primary purpose of the Wentworth Economic Development Corporation business financing is to retain and/or create employment opportunities for area residents.
Financial assistance is available to eligible businesses in and around Carroll and Strafford County, New Hampshire.
It is designed to assist existing and new businesses with limited financing, so actual or threatened job loss can be avoided, or new employment opportunities can be created.
Retention and/or expansion of the regional employment base, leveraging of additional financial resources and demonstration of the borrower’s financial ability to repay the loan term are the primary criteria.
Revolving Loan Fund (RLF): The RLF guidelines allow for expansion and/or relocation loans for businesses that are creating or retaining jobs in the region.
Loans are available for business or real estate acquisition, machinery and equipment, renovation/construction, working capital and project GAP financing.
Other uses may qualify on an individual basis.
Intermediary Lending Program (IRP): A United States Department of Agriculture Rural Development (USDA-RD) initiative.
The primary goal of WEDCO’s IRP is to preserve and create employment opportunities in the region.
IRP funds may be used for a business acquisition, real estate acquisition, machinery and equipment, inventory, and working capital.
In some instances it may be used for construction and/or renovation.
In specific cases, IRP financing can also be used for value-added agriculture or refinance.
Contact InformationWentworth Economic Development Corporation
Address: 7 Center Street
City: Wolfeboro
State: New Hampshire
Website:
http://www.wedco-nh.org/business-financing/wedco-managed-funds.html
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