Areas Served: Carroll, Coos, and Grafton Counties
The Business Enterprise Development Corporation is a community development financial institution headquartered in Berlin, New Hampshire.
Started in 1979 in the City of Berlin for the purpose of providing business loans in that community, BEDCO expanded its scope and market area in 1997 and now includes all of Carroll, Coos, and Grafton Counties.
BEDCO has established various revolving loan funds with money provided to us by Federal, State, and Local Government Agencies for the purpose of assisting business growth and expansion in Northern New Hampshire and the retention and creation of jobs.
The following program and eligibility requirements apply to all the funds: – Loan recipient must be located in or establishing a business in BEDCO’s Service Area – The Business must meet the U.S. Small Business Administration definition of a “small business”.
BEDCO provides loans to new and growing businesses for: – Real estate acquisition or improvement – Business acquisition or expansion – The purchase of furniture, fixtures, machinery, and/or equipment – The purchase of new technology and/or – Inventory and working capital – The business must demonstrate, with a written business plan, the capacity to repay its debt and meet its financial obligations – BEDCO loans are not a substitute for equity capital or bank financing BEDCO does not make: – Unsecured loans – Loans used solely for real estate investment – Loans to pay delinquent Federal, State, or Local Taxes and – Loans to simply replace existing debt (Some exceptions are made based on certain circumstances such as debt consolidation that causes a material improvement in business cash flow.
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Contact InformationBusiness Enterprise Development Corporation
Address: 177 Main Street
City: Berlin
State: New Hampshire
Website:
http://www.bedco.org/
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