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

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.
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“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.

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