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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 was nervous in the present economy to get a loan, but it was nice to have the Loan Fund there.  I didn't realize how necessary their work is in Vermont, especially to the child care industry.

Christine Tullgren
Little Feet Children's Center

October, 2013

The Vermont Community Loan Fund (VCLF) loaned $3,751,000 to Vermont’s small businesses, child care programs and affordable housing developers in the third quarter of 2013,  helping create jobs, quality child care, and safe, affordable homes for Vermont’s families.

“Our lending is an essential catalyst for the Vermont economy,” said VCLF Executive Director Will Belongia. “But perhaps even more importantly, these loans are providing opportunity and the chance for greater self-sufficiency to many of the most vulnerable Vermonters,” he added.

Projects approved for VCLF funding include:

Abe’s Corner, Burlington, is part of the North Street Revitalization Plan in Burlington’s Old North End. The building under construction will include retail space and eight apartments, one of which is designated as an affordable rental residence through VCLF financing. The loan also resulted in the creation of eight construction jobs.

Catamount Glassware, Bennington After dedicating significant resources to the purchase of manufacturing equipment in 2013, Catamount Glassware, maker of glass cookware and custom screening printers of glassware, looked to VCLF to help finance inventory purchases for the coming year. The loan helped preserve 21 jobs and is expected to lead to the creation of two new positions.

Harbor Place, Shelburne Chittenden County’s homeless shelters have been forced to turn away more and more Vermonters in need of emergency housing. Champlain Housing Trust, which creates and preserves perpetually affordable housing in northwest Vermont, has found a solution. With VCLF financing, they purchased a former motel, which now provides 49 short-term, transitional homes.

Hilltop Family Housing, St. Johnsbury Serving the Northeast Kingdom with affordable housing and homeownership resources, RuralEdge came to VCLF to help finance the Hilltop Family Housing project, a group of four properties being rehabilitated and redeveloped into 24 rental residences, affordable in perpetuity.

Mother Hen’s Daycare, Orleans When owner Shelly Riendeau wanted to make improvements to her home-based facility, she came to VCLF for financing. The renovations have allowed her to increase her children/families served from three to five.

Outdoor Gear Exchange, Burlington The city’s largest retailers of sports and outdoor equipment, OGE has continued thrive and grow since their first loan with VCLF in 2002.  In 2011, OGE moved to a new space on the Church Street Marketplace, making them the largest independent retailer doing business there. VCLF recently increased their line of credit to support this continued growth, resulting in the preservation of 81 jobs.

Packard Lofts, Burlington Hartland Group Community Developers approached VCLF to help fund their Packard Lofts project, creating 25 affordable homes for rental in downtown Burlington. The loan also led to the creation of 28 construction jobs.

Robbins Mountain Enterprise, Bolton, is a family-run maple sugaring operation with a 489-acre sugar bush in the northern Green Mountains. Looking to expand and offer a unique agricultural tourism experience, they came to VCLF to finance a new sugarhouse and tree house accommodations within the sugar bush.

W. Masonry, Westford, a commercial stone masonry company, came to VCLF in 2013 for help bridging payroll costs while working on large projects concurrently.  Additional funding refinanced the company vehicle.  W. Masonry provides competitive wage jobs for five Vermonters.

Webiomass, Rutland, manufacturer and servicer of energy efficient pellet boilers, came to VCLF to finance a purchase order for a complete purchase of a large BTU boiler. The loan helped preserve one full-time job.

William Austin Antiques, Chester Since 1986, William Austin Antiques has sold country antiques, recently adding a seafood restaurant and ice cream parlor to increase revenues. Following Tropical Storm Irene, the business approached VCLF to help them get back on their feet. Five jobs have been retained, and one part-time job was created.