VEDA Small Business Loan Program

VEDA’s Vermont Small Business Loan Program is available to assist growing Vermont small businesses that are unable to access adequate sources of conventional financing. This program may make loans of up to $500,000 for fixed asset acquisition or for working capital purposes. As a general rule, a small business working capital loan may not exceed 50% of the project cost, and a fixed asset loan may not exceed 40% of project cost. However, in certain instances small business loans (not to exceed $50,000) may be made for up to 75% of the cost of a project. Borrowers are required to provide at least 10% of the project cost in the form of equity capital.