BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA
The regular meeting of the Board of Directors is scheduled for Monday, July 21, 2025, at 2:00 PM, 135 N. State St, Concord, New Hampshire.
1 Introduction of Board Members.
2 Approval of the Board of Directors Public/Nonpublic Minutes for the Meeting of April 21, 2025.
3 Nonpublic Session for Consideration of Loans, as applicable.
4 Approval of Loan Items and Associated Resolutions as applicable.
5 Appointment of National Finance Authority Board Member
6 Approval of Newburyport Bank – Request to Join CAP Program
7 Financial Reports– Chris Kreidermacher Month End – April – June, FY End 2025 Graphs, FY 2026 Budget Review
8 Lending Reports – Jeremy Stanizzi CAP Monthly – April-June, CAP Statistics/Demographics – June, Capacity & Lending Report – June
9 Executive Director’s Report.
10 Other Business.
Dated and mailed: July 16, 2025
BFA BOARD OF DIRECTORS MINUTES
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:09 P.M. at 135 N. State Street, Concord, New Hampshire.
The following Directors were present:
Dick Anagnost, Matthew Benson, Stephen Duprey, Catherine Provencher, Daniel Henderson (late 2:18 p.m.), Vikram Mansharamani, Cheryl Coletti-Lawson, Todd Horner. Also present were: James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer; Chris Kreidermacher, Chief Financial Officer; Jeff Cook, Credit Analyst, Deborah Intonti, Executive Assistant, John Stoecker National Finance Authority, Senator Daniel Innis, Representative Gary Daniels, Kris Moussette, Hinckley Allen.
The following members were absent: Director Monica Mezzapelle, Senator Keith Murphy, Representative Brian Cole.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the public and nonpublic minutes for the April 21, 2025, Board Meeting.
Upon motion made by Director Duprey and seconded by Director Coletti-Lawson the following action was voted on:
VOTED: To accept the public and nonpublic minutes of April 21, 2025, Board Meeting.
The following named Directors voted:
Aye: Dick Anagnost, Stephen Duprey, Matt Benson, Vikram Mansharamani, Catherine Provencher, Cheryl Coletti-Lawson, Todd Horner.
Nay: None
Abstain: Daniel Henderson
Whereupon the Chairman declared said motion adopted.
Appointment of National Finance Authority Board Member:
The Chairman asked for a motion and clarified that a current NFA Board member Daniel Henderson, Jr. was stepping down on this board leaving a vacant seat. Ms. Catherine Provencher has expressed interest, and we will need a vote to secure this position on the NFA Board.
Upon motion made by Director Duprey and seconded by Director Coletti-Lawson the following action was voted on:
VOTED: To accept Catherine Provencher to fill open seat as an NFA Board Member effective immediately.
The following named Directors voted:
Aye: Dick Anagnost, Stephen Duprey, Matt Benson, Vikram Mansharamani, Cheryl Coletti-Lawson, Todd Horner.
Nay: None
Abstain: Director Daniel Henderson, Jr.
Whereupon the Chairman declared said motion adopted.
The Chairman asked for a motion to accept Daniel Henderson, Jr. resignation from the NFA Board.
Upon a motion made by Director Duprey and seconded by Director Benson the following action was voted on:
VOTED: To accept the resignation of Director Daniel Henderson Jr., seated on the NFA Board.
The following named Directors voted:
Aye: Dick Anagnost, Stephen Duprey, Matt Benson, Vikram Mansharamani, Cheryl Coletti-Lawson, Todd Horner.
Nay: None
Abstain: Director Daniel Henderson, Jr.
The Chairman asked Mr. Stanizzi to present the Newburyport Bank Request to Join CAP Program.
The Chairman asked for a motion to accept the Newburyport Bank Request to Join CAP Program.
Upon motion made by Director Duprey and seconded by Director Mansharamani, the following action was voted on:
VOTED: To accept the request from Newburyport Bank to Join the CAP Program.
The following named Directors voted:
Aye: Dick Anagnost, Stephen Duprey, Matt Benson, Vikram Mansharamani, Catherine Provencher, Cheryl Coletti-Lawson, Todd Horner, Daniel Henderson, Jr.
Nay: None
Abstain: None
Whereupon the Chairman declared said motion adopted.
The Chairman asked Mr. Kreidermacher to review the month end Financial Reports.
The Chairman asked Mr. Kreidermacher to review the FY End 2025 Graphs.
The Chairman asked Mr. Kreidermacher to present the 2026 Budget Review.
The Chairman asked Mr. Stanizzi to review the Lending Reports.
The Chairman asked Mr. Key-Wallace to present the Executive Director’s Report.
Executive Session:
At 2:50 p.m. a motion made by Director Duprey and seconded by Director Benson to go into an Executive Session and all staff and guests withdrew from the executive meeting.
At 3:31 p.m. the Executive Session ended, and all staff and guests returned to the public meeting.
The Chairman asked for a motion to adopt the FY 2026 budget as presented.
Upon motion made by Director Mansharamani and seconded by Director Provencher, the following action was voted on:
VOTED: To adopt the FY 2026 NHBFA Budget as presented.
The following named Directors voted:
Aye: Dick Anagnost, Stephen Duprey, Matt Benson, Vikram Mansharamani, Catherine Provencher, Cheryl Coletti-Lawson, Todd Horner, Daniel Henderson.
Nay: None
Abstain: None
Whereupon the Chairman declared said motion adopted.
There being no further business and upon motion made by Director Duprey and seconded by Director Provencher, the meeting was adjourned at 3:45 p.m.
Respectfully submitted:
James Key-Wallace, Clerk