Energy Efficiency Loans
In cooperation with Ocean Bank, New Hampshire offers a low interest loan for the purchase of new energy efficiency equipment. The state also offers free site visits to determine a strategy for improving energy efficiency, free industrial assessments to eligible small- and medium-sized manufacturing plants, and research connections with university faculty for energy-related projects.
Industrial Revenue Bonds
This program is for manufacturers only––meaning companies that produce or manufacture tangible personal property.
At least 75 percent of bond proceeds must be spent on core manufacturing space and equipment. Storage, office, and research and development space must be excluded from this calculation. To be cost effective, loans must be between $1.5 million and $20 million, and the interest rate is about 70 percent of prime and can be used for the purchase of land, buildings, and capital equipment.
Dover Economic Loan Program
The Dover Economic Loan Program can provide partial financial assistance to help ensure the viability of a promising business venture. If you are planning to start a new business, or expand one, this program can help turn your plans into reality. The program is open to sole proprietorships, partnerships, corporations, startups, expansions, and relocations. It can also be used to help businesses modernize, build, or acquire needed equipment or machinery, provide job training, or infuse a venture with working capital. For more details, call the Department of Planning and Community Development at (603) 743-6008.
SEDC Revolving Loan Program
Financed through the Southeast Economic Development Corporation (SEDC), the Revolving Loan Program is tailored to the unique and diverse financial needs of varying types of businesses. These flexible and affordable financing packages are customized to aid businesses large and small in getting established, expanding, making improvements––whatever their needs may be.
For more information on any of these programs, call the Dover Business & Industrial Development Authority at (603) 516-6043.