Capital Loan Program

Effective January 15, 2015 the Capital Loan Program is temporarily suspended and no new Capital Loan Program applications will be approved at this time.


The Capital Loan Program provides loans at a below market rate for qualified not-for-profit healthcare and education institutions for the purchase of capital equipment or for refinancing of existing debt.

The Authority has developed a simple application process and standardized documents which limits expenses and the time needed to complete a financing.

The Authority will co-lend a part of the loan at a 30% level, subject to the board's discretion.

Loan Term:

The term of a loan will be five years with a longer amortization schedule if needed.

Loan Amount (for the Authority's portion):

$50,000 minimum and $600,000 maximum.

Who Can Borrow?:

Any institution that is qualified to borrow from the Authority under RSA 195-D or 195-E is eligible to be a borrower under this Program.


The Authority’s rate will be one-quarter of the bank rate.


Typically, the Authority will have a parity position in the same security as the lender with no additional security or covenants required.


There may be out-of-pocket expenses such as surveys, appraisals, filing fees, etc. charged to the institution. Legal fees (other than any institution’s counsel fees) will generally not exceed $3,000.

There are no fees charged by the Authority.

For an application or additional information, contact:
Bonnie S. Payette, Executive Director
New Hampshire Health and Education Facilities Authority
P.O. Box 2110
Concord, NH 03302-2110

Phone: 603-224-0696
Fax: 603-224-3058