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25 Years of VCLF

 

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The Vermont Community Loan Fund is located in the heart of historic downtown Montpelier. For more information on our loan programs, or to learn how you can make an investment, please contact us.

 

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I really like what VCLF does. It is vital to Vermonters to have funding resources available. The Loan Fund is an example of an organization that is important and effective both in our region and throughout the state and we are pleased to be long-time supporters.

Judy Geer
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We believe that we make our communities stronger when we work to preserve and enhance the vital community organizations that make life in Vermont so special.

We make loans to community organizations and facilities that provide essential services and opportunities to Vermonters, including rural health centers, youth/family organizations, recreational centers, elder care facilities, arts organizations, preservation organizations, historical societies & other cultural organizations. Whenever possible, we partner with traditional lenders, philanthropic organizations and other community resources to make the deal happen.

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Vermont nonprofit organizations, for-profit organizations and individuals who:

  • Provide vital community services
  • Benefit Vermonters earning less than 80% of the median income
  • Are unable to obtain credit at reasonable rates and terms

Acceptable Uses

  • Real estate acquisition
  • Construction
  • Rehabilitation
  • Bridge financing
  • Equipment purchase

Rates and Terms

  • Current interest rate is 6%.
  • Terms range from a few months up to 5 years, with extensions generally permitted for another 3 to 5 years.  Amortization may be scheduled for up to 25 years.
  • There is an application fee of 0.5% of the total loan amount or $350, whichever is greater.  There is an origination fee of 1.5% of the total loan amount due at closing; the application fee is credited towards this closing fee.

Collateral

Collateral is required on financed assets. Additional collateral may also be required.

Maximum Loan Amount

The current maximum loan amount will not exceed $1 million.

How to Apply

We encourage you to speak to a loan officer before submitting a loan application.

Please contact Barbara Petrie, Loan Coordinator for Housing and Community Facilities Programs, at (802) 223-4425, or by email for more information.

You may download application forms here: