We believe in creative, flexible solutions to financing emerging and growing working lands entrepreneurs.

Most of our borrowers are ready to begin repaying their VCLF loan immediately, but some borrowers need more flexibility, a little more time before the financial benefits of their VCLF financing really kick in. Thanks to philanthropic support, we're able to reach a little further to provide that additional flexibility through our SPROUT deferred payment loan program.

With start-up support from the State of Vermont’s Working Lands Enterprise Initiative, SPROUT meets the financing needs of working lands entrepreneurs who might not otherwise be eligible for a VCLF loan.

Most of our borrowers are ready to begin repaying their VCLF loan immediately, but some borrowers need more flexibility, a little more time before the financial benefits of their VCLF financing really kick in. Thanks to philanthropic support, we're able to reach a little further to provide that additional flexibility through our SPROUT deferred payment loan program.

With start-up support from the State of Vermont’s Working Lands Enterprise Initiative, SPROUT meets the financing needs of working lands entrepreneurs who might not otherwise be eligible for a VCLF loan.

ELIGIBILITY

Eligible businesses include (but are not limited to):

  • Farms & other agricultural operations
  • Food processors & producers
  • Foresters & forest products businesses

Preference will be given to start-up or early-stage operations with demonstrated or projected growth. The ideal SPROUT applicant will be a business playing a central role in a local or regional supply chain proposing to undertake a significant growth opportunity, such as the development of a new product or expansion into a new market.

ACCEPTABLE USES

Uses may include:

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

RATES AND TERMS

SPROUT offers deferred-payment, low-interest loans of up to $60,000. Terms range from two years to ten years. SPROUT loans will feature two years of 0% interest/no payments, and a fixed 2% interest rate thereafter.

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. SPROUT 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 has a need greater than $60,000 or is otherwise ineligible for SPROUT financing, VCLF also has loan funds available through the Food, Farms & Forests Fund or through our general business loan program.


ELIGIBILITY

Eligible businesses include (but are not limited to):

  • Farms & other agricultural operations
  • Food processors & producers
  • Foresters & forest products businesses

Preference will be given to start-up or early-stage operations with demonstrated or projected growth. The ideal SPROUT applicant will be a business playing a central role in a local or regional supply chain proposing to undertake a significant growth opportunity, such as the development of a new product or expansion into a new market.

ACCEPTABLE USES

Uses may include:

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

RATES AND TERMS

SPROUT offers deferred-payment, low-interest loans of up to $60,000. Terms range from two years to ten years. SPROUT loans will feature two years of 0% interest/no payments, and a fixed 2% interest rate thereafter.

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. SPROUT 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 has a need greater than $60,000 or is otherwise ineligible for SPROUT financing, VCLF also has loan funds available through the Food, Farms & Forests Fund or through our general business loan program.


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