U.S. Small Business Administration Designates New Hampshire Community Loan Fund as a New Microloan Lender
by Anna Berry
on February 3, 2025
The U.S Small Business Administration (SBA) has officially designated the New Hampshire Community Loan Fund as a new SBA microlender. The milestone enhances access to capital for small businesses across New Hampshire and Vermont.
As an SBA microlender, the Community Loan Fund will provide loans up to $50,000 to help entrepreneurs with working capital, equipment, purchases, and more. This partnership aligns with the mission of both organizations to empower individuals and businesses through financial support and technical assistance.
“The NH SBA is thrilled to welcome the NH Community Loan Fund as our newest SBA microloan lender,” said Amy Bassett, NH SBA district director. “This visionary organization empowers entrepreneurs and strengthens local economies. Through the microloan program critical financing along with management and technical assistance is provided, which opens doors for entrepreneurs across their footprint and advances the SBA’s mission of fostering economic success and community growth.”
For-profit registered businesses in NH and VT, as well as licensed nonprofit childcare centers, can now apply to New Hampshire Community Loan Fund for term loans up to 72 months with affordable interest rates.
“At the New Hampshire Community Loan Fund, we’re problem-solvers and bridge-builders who want to fuel the success of local businesses with flexible financing and creative solutions,” said Corey Sanborn-Potter, executive vice president of lending and credit at the New Hampshire Community Loan Fund. “We’re excited to work with the U.S. Small Business Administration to offer microloans that will help businesses and nonprofit childcare centers grow and thrive.”
Photo: Amy Bassett (left), NH SBA district director, presents a certificate recognizing the New Hampshire Community Loan Fund as a participating lender in the SBA’s microlending program to Community Loan Fund Vice President of External Relations Katie McQuaid (middle) and Executive Vice President of Lending and Credit Corey Sanborn-Potter (right) on January 31 in Concord.