We believe it's our duty to help Northern Vermont's local businesses and community organizations recover, become resilient and thrive in the face of COVID-19.

The Northern Vermont Recovery Loan Fund provides flexible financing and business advisory services to help alleviate the sudden and severe economic disruption caused by COVID-19. The NVRLF provides no-cost/low-cost debt financing, along with business advisory services and other supports, thanks to grant support from the US Economic Development Administration.

The NVRLF creates economic resilience by responding directly to economic injuries and community needs resulting from COVID-19. We finance businesses in diverse sectors including manufacturing, tourism, agriculture, forestry & wood products, education & early care, nonprofits and other drivers of rural economic development.

Lending Area
The Northern Vermont Recovery Fund Loan Fund serves the Northern Vermont Economic Development District, comprising the six northernmost counties in the State of Vermont: Caledonia, Essex, Franklin, Grand Isle, Lamoille, and Orleans. Rural development priorities, goals and plans for this EDA-designated economic development district can be found in its Comprehensive Economic Development Strategy (CEDS).

PLEASE NOTE: Not all prospective borrowers will qualify for financing from the Northern Vermont Recovery Loan Fund. The Vermont Community Loan Fund offers a suite of business financing options to serve borrowers in a variety of situations and circumstances. Our Business Program staff work with prospects on a case-by-case basis; we strongly encourage you to get in touch with us, and we'll help determine which loan program will best meet your needs.

The Northern Vermont Recovery Loan Fund provides flexible financing and business advisory services to help alleviate the sudden and severe economic disruption caused by COVID-19. The NVRLF provides no-cost/low-cost debt financing, along with business advisory services and other supports, thanks to grant support from the US Economic Development Administration.

The NVRLF creates economic resilience by responding directly to economic injuries and community needs resulting from COVID-19. We finance businesses in diverse sectors including manufacturing, tourism, agriculture, forestry & wood products, education & early care, nonprofits and other drivers of rural economic development.

Lending Area
The Northern Vermont Recovery Fund Loan Fund serves the Northern Vermont Economic Development District, comprising the six northernmost counties in the State of Vermont: Caledonia, Essex, Franklin, Grand Isle, Lamoille, and Orleans. Rural development priorities, goals and plans for this EDA-designated economic development district can be found in its Comprehensive Economic Development Strategy (CEDS).

PLEASE NOTE: Not all prospective borrowers will qualify for financing from the Northern Vermont Recovery Loan Fund. The Vermont Community Loan Fund offers a suite of business financing options to serve borrowers in a variety of situations and circumstances. Our Business Program staff work with prospects on a case-by-case basis; we strongly encourage you to get in touch with us, and we'll help determine which loan program will best meet your needs.

ELIGIBILITY

Eligible businesses include (but are not limited to):

  • Businesses or organizations, both for- and nonprofit, that have been negatively impacted by coronavirus (COVID-19) pandemic, or seek to build economic resilience in response to the coronavirus (COVID-19) pandemic.

ACCEPTABLE USES

Uses may include:

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

RATES AND TERMS

The Northern Vermont Recovery Loan Fund offers loans from $5,000 to $240,000. Rates will generally be 0% for the first two years, and then fixed at 3%. Principal payments can be deferred for the first six months. Terms range from one to ten years.

BUSINESS RESOURCE CENTER

Business development & advisory services - 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 Business Resource Center. 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. TRAILS financing will be augmented with business development technical assistance and consulting tailored to meet each borrower’s specific needs, free-of-charge.

WHAT IF MY PROJECT HAS OTHER FINANCING NEEDS?

If your project’s need is greater than $240,000, or is otherwise ineligible for NVRLF financing, VCLF offers other flexible, affordable financing options through our general Business Loan Program, our Early Care & Learning Loan Program, our Affordable Housing Loan Program, and our Community Facilities Loan Program.


ELIGIBILITY

Eligible businesses include (but are not limited to):

  • Businesses or organizations, both for- and nonprofit, that have been negatively impacted by coronavirus (COVID-19) pandemic, or seek to build economic resilience in response to the coronavirus (COVID-19) pandemic.

ACCEPTABLE USES

Uses may include:

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

RATES AND TERMS

The Northern Vermont Recovery Loan Fund offers loans from $5,000 to $240,000. Rates will generally be 0% for the first two years, and then fixed at 3%. Principal payments can be deferred for the first six months. Terms range from one to ten years.

BUSINESS RESOURCE CENTER

Business development & advisory services - 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 Business Resource Center. 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. TRAILS financing will be augmented with business development technical assistance and consulting tailored to meet each borrower’s specific needs, free-of-charge.

WHAT IF MY PROJECT HAS OTHER FINANCING NEEDS?

If your project’s need is greater than $240,000, or is otherwise ineligible for NVRLF financing, VCLF offers other flexible, affordable financing options through our general Business Loan Program, our Early Care & Learning Loan Program, our Affordable Housing Loan Program, and our Community Facilities Loan Program.


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