Business Details
SBA 504 Loans and Business Financing Solutions
Capital Regional Development Council (CRDC) has served as a dedicated economic development partner for New Hampshire businesses since becoming an SBA 504 lender in 1996. Our specialized focus on gap financing solutions combines USDA, HUD, and state-funded programs to address the unique needs of small businesses across Merrimack, Sullivan, and Hillsborough counties. With a seasoned team of four professionals managing over $43 million in outstanding loans, we bring deep expertise in creative deal structuring and collaborative lending partnerships.Our streamlined approach eliminates bureaucratic delays by providing borrowers with direct access to experienced loan officers who handle every aspect from business development to loan servicing. As a mission-driven nonprofit, our commitment to equal treatment and community impact guides every project, ensuring sustainable job creation and local economic growth through responsible lending practices.
Services
SBA 504 Loans
Direct Lending
Real Estate Development
Gap Financing
Technical Assistance
Highlights and features
- We have 28+ years of experience as SBA 504 lenders
- We offer tailored gap financing between 10-50% of project costs
- Our single-point contact model streamlines loan processing
- Our team holds Certified Economic Developer designations
- We maintain strict equal treatment policies for all clients
Associations and certifications
- SBA Certified Development Company
Services
SBA 504 Loans
CRDC provides SBA 504 loans for commercial real estate and equipment purchases. These fixed-rate loans offer low down payments (10-20%) and repayment terms up to 25 years. Eligible businesses can finance projects with gaps that conventional lenders cannot fully cover.
Direct Lending
CRDC manages direct loan programs for small business development projects. These flexible financing options cover equipment purchases, property renovations, and working capital needs with maximum loan amounts up to $250,000 for qualified applicants.
Gap Financing
CRDC specializes in providing gap financing to bridge funding shortfalls between traditional bank loans and borrower equity. This 10-50% project financing component comes with competitive rates and tailored repayment terms.
Real Estate Development
CRDC supports impactful real estate projects that create jobs and enhance tax bases. Our financing covers property renovations, new construction, and mixed-use developments in key New Hampshire communities.
Technical Assistance
CRDC offers comprehensive loan application guidance and deal structuring expertise. Our staff works directly with borrowers and lenders to complete SBA 504 applications and navigate financing options.
People
Stephen A. Heavener
Executive Director
Executive Director with 48 years of economic development experience overseeing all CRDC operations. Holds certifications as Economic Finance Professional and former Certified Economic Developer, managing loan programs and policy development.
Jennifer Boulanger
Senior Loan Officer
Senior Loan Officer with 30+ years of commercial lending experience. Certified Economic Development Financial Planner specializing in credit analysis and SBA program administration. Recognized by SBA as NH Financial Services Champion in 2018.
Chuck Gilboy
Loan and Business Development Officer
Business Development Officer with mission-based lending expertise. Manages CRDC's collaboration with NH banks to identify financing opportunities, bringing 12 years of regional development experience from Grafton County and NH SBDC.
Gabrielle Werffeli
Finance and Portfolio Manager
Finance Director managing CRDC's financial operations and loan portfolios. Holds Masters in International Finance from Columbia University, with 14 years at Columbia Law School and 7 years in asset management experience.
Questions
What is CRDC's primary service offering?
CRDC specializes in SBA 504 loans, direct lending programs, and gap financing solutions for New Hampshire businesses.
How can I apply for CRDC financing?
Contact our loan team to discuss your project needs and receive guidance through the application process.
What loan amounts are available?
SBA 504 loans up to $5.5 million and direct loans up to $250,000 are available with case-by-case larger amounts.
What areas do you serve?
CRDC operates statewide in New Hampshire with particular focus on southern and central regions.
What are current SBA 504 rates?
Current rates range from 6.33% for 10-year equipment loans to 6.59% for 20-year real estate financing.
