nonprofits
nonprofits
loans for essential services
We lend to nonprofits and to child care centers, including for-profit and family programs, that serve New Hampshire communities.
Our flexible financing helps nonprofits buy real estate, renovate facilities, upgrade equipment, or expand their programing and services. We can also provide short-term loans that bridge the gap between a project and your capital campaign, tax credits, or grant award.
Our loan products are accessible and flexible. We’ll work with you to find a solution.
loan criteria
criteria
- Benefit to low-and moderate-income people or populations with special needs
- Long-term benefit and social impact
- Borrower’s ability to repay
loan features
features
- Flexible terms up to 15 years (longer amortizations are possible)
- Fixed rates
- Reasonable fees
- Flexible security or collateral requirements, including first and subordinate mortgage positions
uses and requirements
| Loan product | Project uses | Requirements |
|---|---|---|
| Pre-development |
| Organization must serve or benefit low- and moderate-income populations, or other disadvantaged people or communities |
| Facility acquisition/rehab |
| Organization must serve or benefit low- and moderate-income populations, or other disadvantaged people or communities |
| Energy efficiency | Determined by available types of funding | Determined by available types of funding |
| Equipment | Capitalized equipment purchases such as:
| Organization must serve or benefit low- and moderate-income populations, or other disadvantaged people or communities |
| Working capital |
| Demonstrate repayment ability |
to apply
to apply
Start the application process by submitting a loan inquiry, or by calling us at 224-6669. After a potential borrower’s inquiry, we help them assemble the material needed to evaluate the loan request. We also work closely with other lenders to match a project’s funding sources to its uses.
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