Revolving Loan Funds in Vermont
Opportunities exist for starting and expanding a small
business in Vermont. Through the Congressional appropriations process, Sen.
Leahy has helped secure federal funds for small business revolving loan funds
in Vermont. These funds are organized at the local, regional and state levels
to leverage federal funds for start up and expansion of small businesses in many
Vermont communities. Revolving loan fund officials control application
requirements and administration of the funds.
Sen. Leahy helped to capitalize these funds to expand
access to capital in the tight small business loan market. An investment of
federal funds in a local revolving loan fund is designed to entice participation
by Vermont banks and other lenders to leverage capital to new initiatives and
existing businesses. In many cases, revolving loan funds allow banks to
participate in business ventures that otherwise would not be economically viable.
Bank participation with revolving loan funds also may fulfill Community
Re-Investment Act requirements.
Attached is a list of communities and non-profit organizations
that have revolving loan funds, along with contact names and phone numbers.
Please contact the appropriate revolving loan fund official if you would
like more information on revolving loan funds capitalized with support from Sen. Leahy.
Addison County
Addison County Economic Development Corp.
(802) 388-7953
|
Bennington County
(802) 442-1037
|
Connecticut River Valley
(serves Orange, Windsor and Windham counties)
Green Mountain Economic Development Corp.
(802) 295-3710
|
Economic Development Council of Northern Vermont
(serves Caledonia, Chittendon, Essex, Franklin, Grand Isle, Lamoille, Orleans and Washington counties)
(802) 524-4546
|
Hardwick
(802) 472-6120
|
Hartford
(802) 295-9353
|
Lamoille County
Lamoille County Regional Development Corp.
(802) 888-5640
|
Montpelier
(802) 223-9506
|
Northern Community Investment Corp.
(serves Caldonia, Essex and Orleans counties)
(802) 748-5101
|
Randolph
(802) 728-4305
|
Rockingham
(802) 463-3456
|
Rutland County
Rutland Economic Development Corp.
(802) 773-9147
|
St. Johnsbury/Lyndon
(802) 748-1265
|
Springfield
Springfield Regional Development Corp.
(802) 885-3061
|
Vermont Community Loan Fund (statewide)
(802) 223-1448
|
Vermont Development Credit Union (statewide)
(802) 864-0449
|
Community Capital of Vermont (statewide)
including Vermont Job Start
(802)
479-0167 |
Washington County
(802) 479-1053
|
Doing Business in Vermont
|
