Cover photo for Vermont Farm Fund Emergeny Loan

Vermont Farm Fund Emergeny Loan

About

Started in response to the devastation our Vermont farms suffered at the hands of Tropical Storm Irene, the VFF seeks to minimize the hurdles to secure a loan and receive funds to begin the recovery process. The maximum Emergency Loan amount is currently $10,000. This is a zero percent interest loan, payable over 24 months with a flexible payment schedule.

Examples of qualifying emergencies include loss of the below due to fire, flood, wind, drought and/or hail:

  • Buildings

  • Animals

  • Equipment

  • Greenhouses

  • Hay fields

Eligibility

Qualifying applicants must be Vermont farmers or food producers who have suffered a devastating loss due to an unexpected natural disaster that puts their farm or farming career in danger. 

Businesses should be in otherwise good financial health, save for the unexpected natural disaster. The loan should help put the business back on track to profitability.

Cash shortfalls due to equipment failure, unanticipated business situations and/or insufficient cash flow not caused by nature do not qualify as emergencies for the sake of the loan.

Terms

Applications are reviewed and responded to within 10 business days. Most loan funds are granted within 14 business days.

Resources

Similar Programs

Details

Financial Instrument

Loan

Minimum Award Amount

$5,000

Maximum Award Amount

$10,000

Image Credit

Intricate Explorer

Updated September 3, 2021

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.