Grafton County NH Economic Development Council - Loan Programs
Grafton County Economic Development Council
Fall Foliage

In the News...



PSU Releases Study

PLYMOUTH - Like the rest of America, Grafton County has been affected by the recent recession.  Plymouth State University has released an informative study on post recession economy of the County.

Check it out here.


Loan Programs

Lending Partnerships: In 2007, the GCEDC received a $500,000 loan from USDA Rural Development in which to relend to applicable businesses throughout the County. Congratulating the GCEDC are (L to R): GCEDC President Ray Gosney, USDA Rural Development representative Steve Epstein, Closing Attorney - and State Senator- Deb Reynolds, and GCEDC Loan Officer Bob Walker.

 

 
As one of eleven Regional Development Corporations in New Hampshire, the GCEDC helps small businesses find the financing they need in order to grow and create jobs.  The GCEDC has several secondary loan funds to finance a wide variety of business needs, including working capital, equipment and real estate.  Our loans are usually provided in coordination with private sector lenders. 

Below is a list of our lending programs. We encourage you to contact us to discuss your business. You need not know in advance which programs may apply to you.

 Community Development Block Grants-  This program (also referred to as 'CDBG') provides federal funds to local governments.  They, in turn, distribute these funds as loans to job-creating businesses.  Funds must be used to create jobs, mainly for people from a low to moderate income background.  In Grafton County, municipalities and the county use the GCEDC as a manager of these loan funds. 

USDA Rural Development Intermediate Relending Program (IRP)-  The GCEDC relends federal funds that it receives in order to assist job creating businesses. 

   For more information on the GCEDC's program, contact the GCEDC's Loan Officer, Bob Walker by email or call him toll free at 1-888-535-0002 (ext. 11)

 

In accordance with Federal law, US Dept. of Agriculture policy, and our own values, this institution is prohibited from discriminating on the basis of race, color, national origin, sex, age, sexual orientation, or disability.  (Not all prohibited bases apply to all programs)  To file a complaint of discrimination, write USDA, Director, Office of Civil Rights, 1400 Independence Avenue, SW, Washington, DC 20250-9410, or call (800) 795-3272 (voice) or (202) 720-6382 (TDD).