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EDA seeks partner to administer small‑business revolving loan; committee to review proposals and explore local accelerator partnership
Summary
Three proposals were received to administer the EDA’s revolving loan fund for small businesses. The Small Business Finance Committee will vet two lower‑cost proposals and explore a partnership with the Portsmouth Partnership accelerator to reduce administrative costs and provide business education.
The Portsmouth Economic Development Authority on Jan. 21 reviewed responses to a solicitation for a program administrator to manage a small‑business revolving loan fund. Staff reported three proposals were received and summarized the committee’s preliminary review.
According to staff, one proposal had administrative…
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