Within the State and the region, there are alternative lenders who exist for the primary purpose of lending to stimulate the economy and create employment. In many cases, they partner with commercial lenders, and in others they make direct loans to small businesses and start-ups. Many businesses exist because of the additional risks these entities are willing to take.
COMMUNITY CAPITAL OF VERMONT
Offers financing and other assistance to businesses in central Vermont that do not yet meet all the requirements for traditional bank financing. Will be taking over Job Start from VEDA, below.
107 N. Main Street
CENTRAL VERMONT ECONOMIC DEVELOPMENT CORPORATION CVEDC
CVEDC manages the SOAR Techncial Assistand and Revolving Loan Fund for small businesses in Central Vermont. To learn more about accessing technical assistance or making application for a loan contact Jamie Stewart or Dawn Magnus at 802-223-4654.
USDA BUSINESS & INDUSTRY LOAN GUARANTEE PROGRAM AND OTHER BUSINESS PROGRAMS
802-828-6031 https://www.rd.usda.gov/vt https://www.rd.usda.gov/programs-services/business-industry-loan-guarantees
VERMONT COMMUNITY LOAN FUND
Financing for real estate, fixed assets, operating capital, line of credit, purchase order financing, and debt restructuring. VCLF accepts applications for the Barre Loan Fund, a revolving loan fund to assist existing and new businesses in Barre Town and Barre City. Contact Dan Winslow [email protected]
VERMONT ECONOMIC DEVELOPMENT AUTHORITY (VEDA)/VERMONT JOB START
VEDA manages a wide range of low-cost lending programs for small and medium sized businesses. Lending is customized to best fit a business’s particular needs. Vt Job Start loans can be used to start, strengthen or expand small businesses. Financing uses include equipment, inventory and operating capital.