The mad rush is on, as businesses spent the last week filing for some of the $349 billion worth of federally guaranteed loans, loans that – for the most part – they won’t have to pay back. Those funds, however, are finite and going fast.
With the coronavirus pandemic forcing many New Hampshire businesses to temporarily close, banks in this state are offering to help them through the crisis.
While the business community awaits the relief promised by the federal government, New Hampshire financial institutions and state agencies are taking steps to ease the pressures and provide liquidity to hard-pressed small enterprises and nonprofit organizations.