About
The Business Builder Loan program was launched in June 2012. This loan program supports Vermont farms and food producers and those who directly support the growing of the VT food system. The loans are for businesses to invest and innovate for growth, increasing the availability of local foods in Vermont.
Examples of uses of a Business Builder Loan include:
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Development of a new crop, product, process, or market
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Business and/or financial planning for diversifying product lines
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Equipment and/or infrastructure investments to increase the efficiency of the business
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New kinds of infrastructure and equipment that would increase the amount of local food or local ingredients in a commonly used product
Eligibility
Business Builder loans are exclusively for Vermont farmers, those who own a Vermont food-related business whose primary inputs are Vermont farm products, and those who support Vermont farmers. VTFF focuses on small and midscale producers that are trying to build their businesses, and larger enterprises that are working on smaller, innovative projects and pilot business ventures.
Terms
Applications are reviewed and responded to within 10 business days, with most loan funds being granted to approved recipients within 14 business days.
Resources
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Details
Tags
Organization
Vermont Farm Fund (VTFF)
Financial Instrument
Loan
Minimum Award Amount
$5,000
Maximum Award Amount
$30,000
Image Credit
Updated July 22, 2022
This information was gathered from public sources. Ambrook is not responsible for or able to affect the results of any financial programs listed, nor are they responsible for any incorrect information that is listed or is on the hyperlinked external sites. All information is subject to change.
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