Business Loans
Not every Vermont business can get fair financing from a conventional bank — and that's exactly who we're here for.
We work across nearly every industry and at every stage, from start-ups to long established companies, from farms and specialty foods to manufacturing, retail, and services.
Business Loan Programs
Looking for something specific? Explore our specialty loan programs. Or scroll down for general business loan details.
Not sure what loan is the best fit for you? Contact us through the form below and we’ll be happy to help.
Business Loan Guidelines
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Support sustainable local economies.
Conserve or expand economically viable uses of Vermont's working landscape and/or natural resources.
Are unable to obtain credit at reasonable rates and terms
Increase economic opportunities for low-income, disenfranchised or underemployed Vermonters through the creation of livable-wage jobs and quality workplaces.
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Real estate mortgages
Fixed-asset financing
Permanent working capital
Lines of credit
Purchase order financing
Restructured debt
Subordinated debt
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The current average rate is 8.5% and lines of credit are 9.5%; rates are determined on a case-by-case basis.
Terms range from several months up to 20 years, and are typically fully amortized.
Flexibility in term, rate and repayment schedule is project-specific and based on project need and strength of proposal.
There is an application fee of $60. An origination fee of 1% of the total loan amount and a loan documentation fee of $215 are both due at closing. Expenses incurred for the recording of collateral documentation and anticipated discharge of such documentation are also due at closing.
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Collateral is required to include a security interest in fixed assets, inventory and receivables. VCLF may also require security in the form of personal guarantees, collateral on personal assets or a cosigner.
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The current maximum loan amount for new borrowers is $350,000.
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We encourage you to speak with us before submitting a loan application. Please complete the form below, contact us at admin@vclf.org, or call us at 802-223-1448.
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English
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Spanish/Español
Need more than a loan?
Our Business Resource Center provides free advising and technical assistance to help you apply for one of our loans — plus ongoing support once you're a borrower.
Ben Green
Business Navigator
& Resource Manager
Interested in our loan programs, have questions, or just want to learn more? Fill out this form and we’ll be in touch!
Get In Touch
MaryAnn Songhurst
Loan Administrator
Makayla LaPerle
Loan Administrator
We believe that local businesses power Vermont’s economic engine.