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VCLF’s thorough understanding of our work, commitment to our mission and appreciation of our track record makes them a valued partner to us. Because of that, people have places to live that are safe, secure and affordable.

Brenda Torpy
Champlain Housing Trust

With start-up support from the State of Vermont’s Working Lands Enterprise Initiative, the Vermont Community Loan Fund’s SPROUT Deferred Payment Loan Program meets the financing needs of working lands entrepreneurs who might not otherwise be eligible for a VCLF loan.

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Eligibility

Eligible businesses include (but are not limited to):

  • Farms & other agricultural operations
  • Food processors & producers
  • Foresters & forest products businesses

Preference will be given to start-up or early-stage operations with demonstrated or projected growth. The ideal SPROUT applicant will be a business playing a central role in a local or regional supply chain proposing to undertake a significant growth opportunity, such as the development of a new product or expansion into a new market.

Acceptable Uses

Uses may include:

  • Real estate/farmland acquisition
  • Facility construction or improvement
  • Equipment
  • Inventory
  • Working capital

Rates and Terms

SPROUT offers deferred-payment, low-interest loans of up to $60,000. Terms range from two years to ten years. SPROUT loans will feature two years of 0% interest/no payments, and a fixed 2% interest rate thereafter.

Technical Assistance

Sometimes VCLF borrowers need more than just a loan. Technical assistance - consulting, training and counseling – is a key component of our work to foster and support our borrowers’ success. Much of that technical assistance is provided “in-house” by VCLF’s dedicated TA staff. We also regularly contract with or provide referrals to third-party sources if we believe their expertise is the best fit for a borrower’s unique operating environment and needs.

SPROUT financing will be augmented with business development technical assistance and consulting tailored to meet each borrower’s specific needs, free-of-charge.

How To Apply

We encourage you to speak to a VCLF Loan Coordinator, who can work with you to assess your financial and business development needs. Please contact This email address is being protected from spambots. You need JavaScript enabled to view it. at (802) 224-9144 for more information.