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

The Vermont Recovery Loan Fund provides flexible financing and business advisory services to help alleviate the sudden and severe economic disruption caused by the COVID-19 pandemic.

The Vermont Recovery Loan Fund 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.

The Vermont Recovery Loan Fund provides flexible financing and business advisory services to help alleviate the sudden and severe economic disruption caused by the COVID-19 pandemic.

The Vermont Recovery Loan Fund 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 Vermont Recovery Loan Fund is a statewide program.

ELIGIBILITY

The Vermont Recovery Loan Fund provides financing to businesses and organizations, both for- and nonprofit, that have been negatively impacted by the COVID-19 pandemic, or seek to build economic resilience in response to COVID-19. Specifically, we’re seeking to serve businesses and organizations that can show revenue loss, temporary business shutdown, or an increase in expenses due to COVID-19 impacts. Priority will be given to projects that are demonstrating adaptability and innovation in response to COVID-19.

Businesses and organizations that previously received a Northern Vermont Recovery Loan from VCLF are not eligible.

ACCEPTABLE USES

Uses may include:

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

Uses may not include:

  • Lines of credit
  • Debt refinance

RATES AND TERMS

The Vermont Recovery Loan Fund offers loans from $5,000 to $75,000. Rates will generally be 0% for the first two years, and then fixed at 3%. 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. Vermont Recovery Loan Fund 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?

Not all prospective borrowers will qualify for financing from the Vermont Recovery Loan Fund. The Vermont Community Loan Fund offers a suite of 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.

If your project’s need is greater than $75,000, or is otherwise ineligible for Vermont Recovery Loan Fund 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.

LENDING AREA

The Vermont Recovery Loan Fund is a statewide program.

ELIGIBILITY

The Vermont Recovery Loan Fund provides financing to businesses and organizations, both for- and nonprofit, that have been negatively impacted by the COVID-19 pandemic, or seek to build economic resilience in response to COVID-19. Specifically, we’re seeking to serve businesses and organizations that can show revenue loss, temporary business shutdown, or an increase in expenses due to COVID-19 impacts. Priority will be given to projects that are demonstrating adaptability and innovation in response to COVID-19.

Businesses and organizations that previously received a Northern Vermont Recovery Loan from VCLF are not eligible.

ACCEPTABLE USES

Uses may include:

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

Uses may not include:

  • Lines of credit
  • Debt refinance

RATES AND TERMS

The Vermont Recovery Loan Fund offers loans from $5,000 to $75,000. Rates will generally be 0% for the first two years, and then fixed at 3%. 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. Vermont Recovery Loan Fund 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?

Not all prospective borrowers will qualify for financing from the Vermont Recovery Loan Fund. The Vermont Community Loan Fund offers a suite of 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.

If your project’s need is greater than $75,000, or is otherwise ineligible for Vermont Recovery Loan Fund 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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