COVID-19 Impact Fund Program

About the Program

The City of Nashua is announcing that the third round of low interest loan application under the City's COVID-19 Impact Fund Program is live. The new deadline to submit application is now 11:59 PM EST on Sunday August 15, 2021. Grants may be available as part of this program. 

The City has established the COVID-19 Impact Fund Program to assist in the stabilization of existing small businesses and non-profits within the City that have had significant disruption caused by COVID-19. The awards are expected to be announced and in recipients’ hands by September 2021. 

The COVID-19 Impact Fund Program must contribute to the business or non-profit’s ability to remain open, retain employees, and/or provide critical services during this public health crisis and beyond.

What is Offered?

Low interest loans with favorable repayment terms (i.e. deferred payment for up to one year) for working capital or operating costs. Loans will be up to $50,000 per entity; however, individual awards will vary on a case-by case basis.


Please read the full program guidelines before applying. This document contains full eligibility requirements and terms.

How to Apply

One application has been created for the third round of the City's Impact Fund. The application will be completed online through a host (JotForm). The application link below will bring you to a request form. Please attach all supporting documents to the online application. The application can be saved in sessions by clicking the “Next” or “Back” buttons on the bottom of each page.; once completed, JotForm will send you an email with a unique link. You can use this link  to make edits to your application. Before you begin, please review the checklist below to ensure you have the information/documents needed to complete the application. 

Please note that non-profits are not eligible for grants under this program. 

Information Needed to Complete Application:

• Tax ID/EIN 
• Average gross annual receipts 
• Personal funds invested to date
• # of employees
• # of jobs to be retained; and if they are low-moderate income jobs
• Annual income of owner (if applying for CDBG grant)
• Most recent business taxes and personal taxes for all owners with 20% or more ownership interest
• Documents to support costs requested, i.e.:
  - Mortgage/lease statement
  - Payroll roster 
  - Profit & Loss statements 

• City of Nashua Substitute W9 Form
• Tax ID/EIN
• Details of services provided: description, # and type of beneficiaries; time period for services
• Statement of financial activities 
• Organization annual budget amount
• Restricted assets & restricted revenue
• Projected operating deficit
• Most recent agency audit management letter, identifying if any findings exist 
• City of Nashua Substitute W9 Form