Business Details
30 Years
experience
Trusted SBA 504 Loan Provider in New Hampshire
Capital Regional Development Council has been a trusted SBA 504 loan provider since 1996, specializing in small business financing and real estate development across New Hampshire. Our team of seasoned professionals offers gap financing solutions through collaborative partnerships with commercial lenders and banks. We maintain a $50 million loan portfolio while providing personalized service with one-point contact for borrowers.Our mission-driven approach focuses on job creation and enhancing local property tax bases through strategic economic development projects. With decades of combined experience, our staff delivers tailored financing packages that meet both client needs and program guidelines. We serve businesses statewide through SBA 504 loans, direct lending programs, and impactful real estate development initiatives.
Services
SBA 504 Loans
Direct Lending
Real Estate Development
Technical Assistance
Gap Financing
Details
- Year established: 1996
Highlights and features
- 25+ years of SBA 504 loan experience since 1996
- Competitive fixed interest rates with low down payments
- Personalized one-point contact service for borrowers
- Flexible gap financing solutions up to 50% of project costs
- Proven track record with $50 million loan portfolio
Associations and certifications
- SBA Certified Development Company (CDC)
Services
SBA 504 Loans
Our SBA 504 loan program provides long-term fixed asset financing for expanding businesses. We offer competitive fixed interest rates with low down payments typically at 10% of purchase price. Our professional staff works directly with borrowers and bankers to develop customized financing packages that meet both client needs and program guidelines. This program supports purchases of land, buildings, machinery and equipment with terms up to 20 years.
Direct Lending
Our direct lending program offers flexible financing solutions for small businesses across New Hampshire. We provide up to 50% of total project financing with maximum loan amounts of $250,000. Eligible uses include real estate purchases, equipment financing, and working capital. Our case-by-case approach allows for tailored solutions that address specific business needs while maintaining job creation requirements of one new employee per $50,000 loaned.
Real Estate Development
Our real estate development initiatives focus on impactful projects in key New Hampshire communities. We offer debt financing, equity investment, and joint venture opportunities for high-impact developments that create jobs and enhance property tax bases. Our expertise includes revitalizing underutilized facilities and core downtown buildings through strategic partnerships with public and private entities across the state.
People
Stephen A. Heavener
Executive Director
Stephen Heavener has over 45 years of economic development experience across six states. He holds the Economic Finance Professional designation and served as a Certified Economic Developer for 24 years. He earned his Masters in Public Policy from Rutgers University and has led CRDC since 2007.
Jennifer Boulanger
Senior Loan Officer
Jennifer Boulanger brings 30+ years of commercial lending experience to CRDC. She holds an MBA in finance and is a Certified Economic Development Financial Planner. Recognized as SBA Financial Services Champion in 2018, she manages loan underwriting and portfolio management since joining CRDC in 2010.
Chuck Gilboy
Business Development and Loan Officer
Chuck Gilboy joined CRDC in 2022 with extensive mission-based lending experience. He holds an MBA from UNH and previously worked with NH Small Business Development Center. He focuses on business development and strengthening relationships with New Hampshire banks to identify financing opportunities.
Gabrielle Werffeli
Finance and Portfolio Manager
Gabrielle Werffeli joined CRDC in 2024 with 14 years of financial management experience at Columbia University. She holds a Masters in International Finance and Business from Columbia and oversees all financial operations and loan portfolio administration for CRDC's SBA 504 and economic development programs.
Questions
What types of businesses qualify for SBA 504 loans?
Most for-profit businesses except those engaged in lending, speculative investments, education, lobbying, or gambling qualify for SBA 504 loans through CRDC.
What are the current SBA 504 loan interest rates?
Current SBA 504 loan rates are 6.48% for 20-year real estate, 6.33% for 10-year machinery, and 6.44% for 25-year real estate financing.
How does CRDC's direct lending program work?
CRDC's direct lending program provides up to 50% of project financing with maximum loans of $250,000 to support business expansion and job creation across New Hampshire.
What areas does CRDC serve in New Hampshire?
CRDC operates statewide in New Hampshire with particular focus on Southern and Central regions including Concord, Manchester, Claremont, and Franklin.
What job creation requirements apply to CRDC loans?
CRDC requires one new full-time job for every $50,000 loaned, with consideration for job retention cases that demonstrate significant economic impact.
