Direct Loan and Direct Loan PLUS Programs
PURPOSE:
The Direct Loan Program is designed to provide loans under $200,000, at below market interest rates for qualified institutions, for the purchase of capital equipment, the acquisition of real estate, construction or renovations of facilities, refinancing of existing debt, emergency repairs, vehicle purchases or other matters as determined by the Board.
The Direct Loan PLUS Program is designed to provide loans up to $300,000, at below market interest rates for qualified institutions, for the purposes listed above.
LOAN TERM:
The term of a Direct Loan Program loan is 5 years or less. The term of a Direct Loan PLUS Program loan will be between 3 and 10 years.
WHO CAN BORROW?:
Any institution that is qualified to borrow from the Authority under RSA 195-D or 195-E is an eligible borrower under these Programs.
Rate:
The Direct Loan Program interest rate is currently 1.125%. The Direct Loan PLUS Program interest rate is currently 2.25%.
Security:
Interest in personal property and other characteristics of bank loans may be required, determined by the Authority Board.
FEES/EXPENSES:
NO FEE IS CHARGED BY THE AUTHORITY.
Click to view the Direct Loan Program and Direct Loan PLUS Program Policy Guidelines
FOR APPLICATION:
For an application or additional information, contact:
Bonnie S. Payette, Executive Director
New Hampshire Health and Education Facilities Authority
One Capitol Street, Suite 200
Concord, NH 03301
Email: bpayette@nhhefa.com
Phone: 603-224-0696
Fax: 603-224-3058