The Vermont Community Loan Fund (VCLF) has been awarded a grant in the amount of $12,000 from the People’s United Community Foundation, the philanthropic arm of People’s United Bank. The grant supports VCLF’s Business Loan Program which provides funding and business skills training to Vermont’s small and family-owned businesses, helping to create and preserve quality jobs throughout the state.
Commenting on the grant award, VCLF Executive Director Will Belongia said “People’s United has been a dedicated supporter of the Loan Fund over the years. We couldn’t be more grateful to their foundation for their extraordinary support of our business lending, which helps bolster and grow our state’s economy while also benefitting Vermont’s most vulnerable.”
“We are pleased to once again support the efforts of Vermont Community Loan Fund,” said Michael Seaver, Officer, People’s United Community Foundation and President of People's United Bank in Vermont. “Our long-time partnership with VCLF helps ensure Vermont businesses are given every opportunity to succeed.”
People’s United and the People’s United Community Foundation have been consistent supporters of the Loan Fund since 1993. VCLF’s business lending also reaches out to women- and minority-owned businesses, businesses in the food, farms and forests sectors, and those located in Vermont’s historic downtown areas.