Milford Improvement Team Accepting Applications For Funding Program

The Milford Improvement Team is accepting applications for our Revolving Loan Fund Program.  

The Milford Improvement Team Revolving Loan Fund Program is intended for permanent working capital and fixed asset financing for start-up and existing businesses in Milford.

Eligible applicants under this program may be a private business, developer or a public entity such as a town or development authority. Property to be developed must be located within the Town of Milford. Applicants must demonstrate an ability to repay the debt. Eligible uses include: Acquisition of land and buildings, new construction, façade and building renovation, landscaping and property improvements, and machinery and equipment.

The RLF may not be used for loan guarantees, acquisition of non-owner occupied real estate, payment of back taxes or refinancing of existing debt.

Minimum Loan Amount is $2,500. Maximum Loan Amount will be determined by the availability of funds.

Interested businesses may download the RLF Brochure  and RLF Application by clicking on the links. Applications are accepted year round. Please applications via mail to MIT, 39 Nashua Street, Milford NH 03055 or via email to director@milfordimprovementteam.org

Questions? Call 249-0676.