The New Hampshire Community Development Finance Authority and New Hampshire Business Finance Authority are launching the New Hampshire Nonprofit Response Fund, an effort to support the state’s charitable organizations during the Covid-19 outbreak.

Funds will be released on a rolling basis as they are raised, continuing throughout the outbreak and recovery phases of the crisis, they said.

The CDFA and BFA will be administering the resources of the newly created fund, which will be funded in part by contributions from the business community and provide nonprofit organizations with resources up to $100,000 for working capital, equipment purchases and programming expenses.

The NH Nonprofit Response Fund will prioritize the most immediate public health needs and economic impacts from Covid-19, focusing on service providers that support vulnerable populations, the agencies said.

The CDFA and BFA will administer the loans, including deferred loans and grants to qualified nonprofits.

“We know our nonprofits are struggling right now. Our goal is to provide them with the necessary resources, so they can continue their important work,” said Katy Easterly Martey, executive director of the New Hampshire CDFA.

Businesses that want to participate in the Response Fund will receive a 75% state tax credit that can be used for up to five years.

Nonprofits that want to apply for the funds and those interested in making donations, can find information at nhcdfa.org.