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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've known about VCLF for the last 20 years.  I've always thought "When we get a chance, we should invest in it."  For us, now is a good time.

John Wall

July, 2013

The Vermont Community Loan Fund (VCLF) loaned $971,000 to Vermont's small businesses, child care programs and community facilities in the second quarter of 2013, adding and preserving jobs and expanding vital services for Vermonters throughout the state.

"Our goal at VCLF is that every loan we make contributes to improving the economic standing and well-being of lower-wealth Vermonters," said Will Belongia, VCLF executive director. "These most recent loans have helped to create and preserve jobs, quality child care and community services for hundreds of Vermonters," he added.

Projects approved for VCLF financing include:

ABC Early Education, Castleton ABC Early Education, a for-profit, full-day, full-year registered child care program, used a VCLF loan to install a bathroom and kitchenette area in the facility. The loan enabled ABC to expand from a registered home- to a licensed-home center, doubling capacity. The loan led to the preservation of five child care slots and the creation of seven new ones, the preservation of one job and the creation of one new job. Twenty-five percent of ABC's child care slots serve low-income families receiving state subsidies. 

ASI Associates, Bennington A.S.I. Associates, a real estate holding company whose sole tenant is Catamount Glass Inc. (also a VCLF borrower) used VCLF financing to make improvements to their facility, including a new roof, electrical upgrades, window insulation and other repairs. Catamount's glass forming business makes glass kitchen items. A second business purchases finished glasses and bottles and silk-screens them for custom orders. The loan resulted in the preservation of 21 jobs and the creation of two new ones.

Cedar Sawmill of Vermont, Swanton Cedar Sawmill of Vermont buys cedar logs from local area loggers and custom mills them in to rough-cut lumber for sale. They used a VCLF loan to finance the purchase of a small shaving mill that will turn the remaining cedar slabs, formerly a waste product, into saleable shavings. The loan resulted in the preservation of one full-time job.

Fat Toad Farm, Brookfield Fat Toad Farm makes specialty goats milk caramel dessert sauces and cheeses, which they sell at retail and wholesale. They used a VCLF loan for working capital to cover expenses during the historically slower business period of the year. The loan resulted in the preservation of four jobs.

Kelley View Farm, Newport Kelley View Farm, which provides various cropping services for farmers including soil preparation, planting, cultivating, used a VCLF loan to purchase a new mower and manure tank, refinance a high interest rate equipment loan and rollover existing debt. The loan led to the preservation of five full-time, year-round jobs, and six full-time seasonal jobs. It is anticipated that two seasonal full-time positions will be created as a result of this project.

Kid Logic Learning, South Burlington Kid Logic Learning is a new for profit, full-day, full-year, child care facility. They used a VCLF loan to make improvements to their building in preparation for start-up, including installation of a fire alarm system, door security system, electrical tamper-proof outlets, emergency lighting, and fencing for the playground space. They plan to be a protective service provider, to participate in the subsidy program and the Stars child care quality rating system, and to become NAEYC (National Association for the Education of Young Children) accredited. The loan resulted in the creation of 68 new child care slots, and the creation of seven new jobs.

Living Well Community Care Home, Burlington Living Well is a licensed level III residential care home located in Bristol, and operates under nonprofit umbrella organization, Awakening Sanctuary. They used a VCLF loan to acquire the former Ethan Allen Community Care Home in Burlington as an expansion of their service area. They will increase the capacity of the newly acquired facility from 30 to 34 beds, making 10 beds available to Medicaid/Medicare patients. Forty-three Vermonters are served annually by this residence. The loan led to 17 jobs retained, all of which pay a livable wage.

Mansfield Forest Products, Charlotte Mansfield Forest Products, a reseller of lumber and maple sugaring equipment, used a VCLF loan to refinance existing higher interest rate debt and to cover accounts payable.  This loan meets VCLF's mission through supporting Vermont's working landscape as approximately half of the company's revenues come from sales of sugaring equipment to area sugar makers. In addition, the company buys almost half its lumber from Vermont sawmills. The loan resulted in the preservation of one full-time job.

Vermont Bean Crafters, Moretown (2 loans) Vermont Bean Crafters used two VCLF loans, the first for working capital to purchase beans and other ingredients and a second loan to update their packaging and packaging equipment. VBC makes a variety of bean-based products - burgers, spreads, soups and more - which they sell to retail and wholesale outlets and also work with Vermont and New York farmers to buy and sell wholesale beans. They also offer catering services. The loan led to the preservation of three full-time jobs, and the creation of one part-time position.