The coronavirus pandemic showed everyone in the Windham Region that small businesses which are vulnerable even in the best of times are at risk of a point of no return when faced with such a crisis. Even more so, businesses owned by women and minorities are more vulnerable to economic downturns.
To serve a demand for small business assistance from complications left by the pandemic, Brattleboro Development Credit Corporation responded by increasing our business services division, programs, and resources. The three-person business team provides technical assistance, support, and lending services to local businesses. Startups, growing businesses, and businesses seeking succession or to exit the market can benefit from the services the team provides at no cost.
BDCC’s business services are guided by the regional economic development plan (CEDS) to advance strategies that foster an entrepreneurial environment, support small businesses, increase access to capital, and build an inclusive and equitable economy.
BDCC features the Southern Vermont Micro Loan Program. Through our partnership with USDA Rural Development, we are equipped to lend to small businesses and startups. Take a look at what this loan features.
Who is Eligible:
Business with 10 or fewer employees,
An existing business or one seeking to establish itself in Windham or Bennington County
Loan Amounts: $2,500-$50,000
Interest Rate: 3-7%
Loan Terms: 3, 5, or 7 Years depending on use of funds
Business Services Staff
R.T. Brown – Director of Business Services
Eyad Salha – Business Technical Assistance Provider
Gabriel Sistare – Business Prosperity and Community Projects Specialist