NH Finance Authority secures $61 million in federal funds for small businesses

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Jun. 20—The New Hampshire Business Finance Authority received $61 million in new federal funding to lend to Granite State companies.

"100% of these funds will be delivered directly to New Hampshire businesses in the form of loans, guarantees and access to capital through our local lending partners," said James Key-Wallace, the authority's executive director, in a news release. "These funds offer an enormous opportunity for New Hampshire and will turbo-charge the BFA's already successful programs that help companies grow and create high-quality jobs."

The authority will work with local bank lenders and regional development corporations. It will also be providing direct loans to assist high-growth companies as well as enable greater access to startup financing.

Companies interested in applying for a loan should reach out to their local bank to see if they qualify. For more information, visit www.NHBFA.com.