The Brattleboro Develoment Credit Corporation facilitates two loan programs: 1.) The Windham County Economic Development Program, and 2.) The Southern Vermont Microentrepreneur Loan Program.
The Windham County Economic Development Program‘s revolving loan was established to help offset the region’s loss of Entergy’s Vermont Yankee nuclear power plant. Each project needs to meet the program’s objectives and have econonomic impacts that align with the region’s Comprehensive Economic Development Strategy (CEDS).
The Southern Vermont Microentrepreneur Loan has been established to provide financing for businesses, that are not able to obtain conventional financing, located in Windham and Bennington counties. Eligible uses include:
- Working capital;
- The purchase of furniture, fixtures, supplies, inventory or equipment;
- Debt refinancing;
- Business acquisitions; and
- The purchase or lease of real estate that is already improved and will be used for the location of the subject business only, provided no demolition or construction will be accomplished with program funding. Neither interior decorating, nor the affixing of chattel to walls, floors, or ceilings are considered
This program is accompanied with a technical assistance grant that can help to prepare a business to access the program as well as accompany any distributed loan. These funds require a credit elsewhere check, so for projects that are not ready for traditional lending, this program can provide access to capital, as well as, the technical assistance to ensure they will be able to access traditional financing in the future.
For more information about both programs, contact R.T. Brown (information below).
R.T. Hamilton Brown, Brattleboro Development Credit Corporation
rbrown (at) brattleborodevelopment.com | 802-257-7731 (221)
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