Community Facilities Loans

We make loans to community nonprofits and facilities that provide essential services to Vermonters: rural health centers, youth and family organizations, recreation and elder care, arts groups, historical societies, and other cultural and preservation organizations.

Whenever possible, we partner with traditional lenders, philanthropic organizations, and other community resources to make the deal happen.

Loan Guidelines

  • Vermont nonprofit and for-profit organizations that:

    • Provide vital community services

    • Benefit Vermonters with low and moderate incomes

    • Are unable to obtain credit at reasonable rates and terms

  • ACCEPTABLE USES

    • Real estate acquisition

    • Construction

    • Rehabilitation

    • Bridge financing

    • Equipment purchase

    • Current rates vary between 6.0 - 7.0%, 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 a nonrefundable application fee of 0.5% of the total loan amount or $500, 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 is required on financed assets. Additional collateral may also be required.

    • The current maximum loan amount is $2 million.

  • 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.


Career Technical Education Construction & Rehabilitation Loan

This loan offers zero-fee, zero-interest, partially forgivable loans to any of Vermont’s 17 career technical education centers or partners for projects that offer high school or adult CTE students the chance to expand their skills and gain hands-on experience.

Learn more

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

a woman smiling in front of a yellow background
a woman smiling in front of green background

MaryAnn Songhurst
Loan Administrator

Makayla LaPerle
Loan Administrator

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.