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Restaurant & Lodging News

Revolving loan fund to deploy $750,000 to Nashua businesses

1/26/2021

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By Kimberly Houghton Union Leader Correspondent

A new COVID-19 revolving loan fund is expected to send about $750,000 to various small businesses throughout the Gate City.

The funding, which will be distributed in the form of low-interest loans, is expected to be available in the next six to eight weeks, according to Tim Cummings, economic development director.

The money will be targeted mostly toward new businesses and minority-owned small businesses throughout Nashua, he said.
​
“We are going to make a point to prioritize these types of industries, these types of businesses, hopefully to shrink the gap that was there previously,” said Cummings.

Click here to read the full article on unionleader.com. 
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  • Why Join
    • Member Benefits
      • Workers' Comp Trust
      • 401(k) Plan
      • Health insurance Programs
      • Dental & Vision
      • VIP Program
      • NH Flavors
      • Soundtrack Your Brand
      • Discounted PPE & Barriers
    • Membership Application
    • Member Login
    • Business Members
    • Strategic Partners
    • National Partners
  • About
    • Our Team
    • Board of Directors
    • Chairman's Message
    • Contact
  • Advocacy
    • NH Hospitality Advocacy Fund
  • Resources
    • COVID-19 Guidance & Resources
      • Navigating a COVID-Positive Employee
      • Financial Assistance & Relief Funding
      • CONSUMER CONFIDENCE RESOURCES
      • Reopening Directory
      • State & Federal Guidance
      • National Partner Resources
    • New Hampshire Hospitality Employee Relief Fund
    • FREE | Online Trainings & Webinars
    • The Dish
      • Latest Edition
    • Business Directory
    • Legal Partner Content
    • Ask NHLRA
  • Education
    • Education Foundation
    • The New Hampshire Promise Certification
    • ServSafe
      • ServSuccess
      • Additional ServSafe Offerings
    • New Hampshire Hospitality Month
    • ProStart
      • Education & Career Pathways
      • Mentorship
      • Invitationals
        • Invitationals Photo Gallery
        • Invitationals Archives
      • Sponsorships
      • Scholarships
    • ManageFirst
    • Hospitality Career Training
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      • Secondary Education
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    • Industry Overview
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        • Restaurant Career Pathways
      • Hospitality Career Guides
    • Professional Development
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      • Community Resources
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  • Events & News
    • Calendar
    • News
    • NHLRA Golf Tournament
    • Stars of the Industry
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