Business Loans in New Hampshire

New Hampshire's economy benefits from a unique combination of no state income tax, no state sales tax, proximity to the Boston metro area, and a highly educated workforce. The state has evolved from its traditional manufacturing roots into a diversified economy with particular strength in technology, defense contracting, healthcare, and tourism. The Manchester-Nashua corridor serves as an extension of the Boston tech ecosystem, with lower costs attracting businesses and workers from Massachusetts. Defense contracting is significant, with BAE Systems as the state's largest private employer. New Hampshire's tourism industry contributes over $6 billion annually, driven by White Mountains skiing, fall foliage tourism, and Lakes Region recreation. The state's craft brewing, artisan food, and local agriculture sectors have grown rapidly. New Hampshire's approximately 135,000 small businesses operate in a state with among the lowest overall tax burdens in the nation — there's no general sales tax, no state income tax on wages, and the state's Business Enterprise Tax is being phased out. The New Hampshire Business Finance Authority (BFA) provides loan guarantees, tax-exempt bond financing, and the Capital Access Program. The Community Development Finance Authority (CDFA) administers New Hampshire's tax credit program and supports CDFIs operating in the state.