The Portsmouth Economic Development Loan Program (PEDLP) provides Portsmouth-based businesses with long-term financing at or below market rates.  PEDLP staff work closely with local banks and other financing agencies to create financing packages which meet the needs of local businesses.  Blending PEDLP funds with private financing and/or other federal and state loan programs creates an effective incentive for qualified businesses to locate or expand in Portsmouth.  Over the years, more than 35 local businesses have purchased real estate and/or equipment with PEDLP loans.  Our goal is to help your business grow. 

Interest Rates
Fixed interest rates, typically at 75% of the prime rate, are available.

Term
The term of the loan is based on the estimated economic life of the assets financed.

For more information . . .
Call Nancy Carmer (ext. 220) or Karen Jacoby (ext. 226 in the Portsmouth Community Development Department at 431-2006.  

For more information . . .  
Call Jim O’Donnell (ext. 206), MAP Counselor, in the Portsmouth Community Development Department at 431-2006. 

Economic Development Page www.nheconomy.com