North Conway, NH – March 22, 2024 – Drive Brand Studio, a leading marketing agency based in North Conway, has collaborated with the New Hampshire Business Finance Authority (BFA) and Bank of New Hampshire (BNH) to access a line of credit to assist with the expansion of its operations.
With over two decades of industry experience, Drive Brand Studio specializes in a diverse array of creative services, including public relations, brand design, content creation, and social media management. Serving a broad clientele ranging from local Granite State enterprises to prominent national entities, the woman-owned company has established itself as a trusted partner in the marketing landscape.
Recently, they took proactive steps to enhance their cash flow stability by addressing delayed payments in their accounts receivable. They collaborated with BNH and the BFA to successfully secure a line of credit through the Capital Access Program (CAP).
“The loan helped me stabilize our cash flow so we didn’t have to stress about payroll. As a result of the line of credit, we were empowered to take on new projects and grow our client base,” stated Nancy Clark, President, Brand Drive Studio.
“This is a great example of how CAP works,” stated James Key-Wallace, Executive Director of the BFA. “CAP is specifically intended to provide financing to small businesses across the state. In New Hampshire, small businesses are the backbone of our economy and the BFA is proud to be able to help them get the funding they need for success.”
To learn more about the BFA’s CAP program and eligibility requirement please click this link.
About the NHBFA
The Business Finance Authority (BFA) is a self-funding organization that fosters economic development and creates employment in New Hampshire. The BFA accomplishes these objectives by working with New Hampshire’s banking, business, and economic development sectors to develop and implement programs which expand the availability of credit in the state. Our customers include manufacturers, small and medium-sized businesses, health providers, and non-profit educational and cultural organizations.
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