We believe that we make our communities stronger when we work to preserve and enhance the vital community organizations that make life in Vermont so special.

We make loans to community organizations and facilities that provide essential services and opportunities to Vermonters, including rural health centers, youth/family organizations, recreational centers, elder care facilities, arts organizations, preservation organizations, historical societies & other cultural organizations. Whenever possible, we partner with traditional lenders, philanthropic organizations and other community resources to make the deal happen.

We make loans to community organizations and facilities that provide essential services and opportunities to Vermonters, including rural health centers, youth/family organizations, recreational centers, elder care facilities, arts organizations, preservation organizations, historical societies & other cultural organizations. Whenever possible, we partner with traditional lenders, philanthropic organizations and other community resources to make the deal happen.

BASIC ELIGIBILITY

Vermont nonprofit and for-profit organizations that:

  • Provide vital community services
  • Benefit Vermonters earning less than 80% of the median income
  • Are unable to obtain credit at reasonable rates and terms

ACCEPTABLE USES

  • Real estate acquisition
  • Construction
  • Rehabilitation
  • Bridge financing
  • Equipment purchase

RATES AND TERMS

  • Current rates start at 7% and vary according to project focus & duration, potential for social impact and strength of your proposal.
  • Terms range from a few months up to 5 years, with extensions generally permitted for another 3 to 5 years. Amortization may be scheduled for up to 40 years.
  • There is an application fee of 0.5% of the total loan amount or $350, whichever is greater. There is an origination fee of 1% of the total loan amount due at closing; the application fee is credited towards this closing fee.

COLLATERAL

Collateral is required on financed assets. Additional collateral may also be required.

MAXIMUM LOAN AMOUNT

The current maximum loan amount will not exceed $2 million.

HOW TO APPLY

We encourage you to speak with us before submitting a loan application. Please email admin@vclf.org or call Makayla LaPerle, Loan Administrator, at 802-224-9141.

BASIC ELIGIBILITY

Vermont nonprofit and for-profit organizations that:

  • Provide vital community services
  • Benefit Vermonters earning less than 80% of the median income
  • Are unable to obtain credit at reasonable rates and terms

ACCEPTABLE USES

  • Real estate acquisition
  • Construction
  • Rehabilitation
  • Bridge financing
  • Equipment purchase

RATES AND TERMS

  • Current rates start at 7% and vary according to project focus & duration, potential for social impact and strength of your proposal.
  • Terms range from a few months up to 5 years, with extensions generally permitted for another 3 to 5 years. Amortization may be scheduled for up to 40 years.
  • There is an application fee of 0.5% of the total loan amount or $350, whichever is greater. There is an origination fee of 1% of the total loan amount due at closing; the application fee is credited towards this closing fee.

COLLATERAL

Collateral is required on financed assets. Additional collateral may also be required.

MAXIMUM LOAN AMOUNT

The current maximum loan amount will not exceed $2 million.

HOW TO APPLY

We encourage you to speak with us before submitting a loan application. Please email admin@vclf.org or call Makayla LaPerle, Loan Administrator, at 802-224-9141.

Borrow

Borrow

Learn more about Borrowing with VCLF or contact us today to get started!

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Invest

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Catamount Film & Arts Co., St. Johnsbury

Catamount, a nonprofit arts organization, occupied St. Johnsbury’s former post office when the Masonic Association of St. Johnsbury donated their larger facility to the organization, with the stipulation that Catamount renovate the building. The Loan Fund’s financing assisted with pgrades, creating classrooms, two movie theatres, a museum, art gallery, office spaces and more,


Bradley House, Brattleboro

The historic Bradley House, built in 1868, in 1999 became a licensed level III residential care home. In recent years, however, the facility faced issues including need for renovations. Merging with Brattleboro’s Holton Home senior facility, the organization came to the Loan Fund to fund pre-development plans preceding rehabilitation. Renovations allowed for an increase in residents, from 28 to 35.


Catamount Film & Arts Co., St. Johnsbury

Catamount, a nonprofit arts organization, occupied St. Johnsbury’s former post office when the Masonic Association of St. Johnsbury donated their larger facility to the organization, with the stipulation that Catamount renovate the building. The Loan Fund’s financing assisted with upgrades, creating classrooms, two movie theatres, a museum, art gallery, office spaces and more.


Living Well Community Care/Ethan Allen Residence, Burlington

In 2013, Living Well Community Care, a nonprofit licensed level III residential care and assisted living care organization, purchased the Ethan Allen Residence with financing from the Loan Fund and other sources. In 2016, they used funds for installation of a new elevator which allowed 2
nd floor space to be adapted for additional rooms, increasing capacity from 30 to 39 senior and disabled Vermonters.


Living Well Community Care/Ethan Allen Residence, Burlington

In 2013, Living Well Community Care, a nonprofit licensed level III residential care and assisted living care organization, purchased the Ethan Allen Residence with financing from the Loan Fund and other sources. In 2016, they used funds for installation of a new elevator which allowed 2nd floor space to be adapted for additional rooms, increasing capacity from 30 to 39 senior and disabled Vermonters.


Living Well Community Care/Ethan Allen Residence, Burlington

In 2013, Living Well Community Care, a nonprofit licensed level III residential care and assisted living care organization, purchased the Ethan Allen Residence with financing from the Loan Fund and other sources. In 2016, they used funds for installation of a new elevator which allowed 2nd floor space to be adapted for additional rooms, increasing capacity from 30 to 39 senior and disabled Vermonters.


Capital City Family Housing Foundation, Montpelier

Following a fire, an historic former school building sat vacant until the Capital City Family Housing Foundation, a nonprofit subsidiary of the Montpelier Housing Authority, came to the Loan Fund to help finance pre-development plans preceding the structure’s rehabilitation. The property now houses the Montpelier Seniors Activity Center along with14 subsidized apartments for low-income senior and disabled Vermonters.


Latchis Arts/Brattleboro Arts Initiative, Brattleboro

When the historic Latchis Memorial Building came on the market, this nonprofit arts organization approached the Loan Fund to help finance the urchase and improvements to what is now the Latchis Theater.


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