We were using a small-scale system, so you had to remove each bag and heat-seal it. We found a bagger, but it was a ton of money for us. We weren't large and banks weren't interested in helping us. VCLF approved our loan and we were able to buy it. It solidified our place in the market.
The Vermont Community Loan Fund creates opportunities that lead to healthy communities and financial stability for all Vermonters.
VCLF is a mission-driven, community-focused alternative lender. We make loans to local businesses, community organizations & nonprofits, child care providers and developers of affordable housing who don’t qualify for a loan from a traditional lender. We combine our loans with financial consulting and business development services to make sure our borrowers have access to everything they need to succeed.
The Vermont Community Loan Fund is now accepting applications for Building Bright Spaces for Bright Futures (BBSBF) 2017 grants.
BBSFBF grants can be used for assistance in starting, relocating, expanding, or improving a Vermont child care program’s physical facility and/or accessibility.
The application deadline is March 13, 2017, no later than 3pm. For more information about the grants and how to apply, read on.Read more ...
$2.7 Million Total VCLF Lending in 4th Quarter 2016
When tens of thousands of families and businesses count on you every day to deliver their power - no interruptions and no exceptions - reliability is everything. Hence the name: Northern Reliability, the newest member of the Vermont Community Loan Fund’s (VCLF) family of borrowers.
In December, VCLF provided financing to Northern Reliability (NR), the Waitsfield power storage company, to help them cover operating costs like product design and customization, installation and maintenance of power storage units on- and off-grid, and more.Read more ...
The Vermont Community Loan Fund (VCLF) has announced the launch of SPROUT, a low-interest, deferred payment loan program for working lands entrepreneurs. The new financing program was created to meet the capital needs of Vermont farms, food producers & processors, foresters, forest products businesses and others in the start-up and early stages of operations.
Four Vermont economic development organizations received grant awards totaling $4.45 million from the US Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) late last month. The Flexible Capital Fund, Housing Vermont, NeighborWorks of Western Vermont and the Vermont Community Loan Fund will use the awards to provide services to Vermonters who lack access to financial services and resources.Read more ...
On September 15th, the Vermont Community Loan Fund hosted our first Community Gathering, with an open invitation to all to address the theme of “Trends in Impact Investing."
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