The Vermont Community Loan Fund was awarded $8,000 in July, by People’s United Community Foundation, the philanthropic arm of People’s United Bank. The Foundation presents awards annually, to promote economic development and the well-being of neighborhoods in the communities where People’s United Bank operates.
The award was presented to VCLF Executive Director Will Belongia, to support the Loan Fund’s Business Loan Program, which provides flexible loan capital and business skills training and technical assistance to Vermont’s small and micro-businesses. People’s United Community Foundation was established in 2007, with funding priorities including community development, youth development, and affordable housing.
“People’s United Community Foundation is dedicated to bolstering Vermont’s economy and to improving the quality of life for Vermonters, as is the Loan Fund,” said VCLF Executive Director Will Belongia. “Thus, we’re honored to accept this award to continue this work that is central to both our organizations,” he added.
“It is now more important than ever that we continue to support organizations like the Vermont Community Loan Fund,” said Michael Seaver, President of People's United Bank in Vermont. “We are pleased to have been a long-time partner with VCLF in their efforts to ensure that Vermont local businesses are given every opportunity to succeed.”