Areas Served: Caledonia, Essex and Orleans counties
The Northeastern Vermont Development Association offers two loan programs for businesses in Caledonia, Essex and Orleans counties.
INTERMEDIARY RELENDING PROGRAM The Intermediary Relending Program (IRP) is a lending program funded by USDA Rural Development.
It is especially intended to help small business start-ups and expansions, providing jobs and economic stability to the region.
NVDA makes these loans available to local businesses.
The revolving feature enables lending capital to be constantly refreshed by paybacks; the refreshed capital is then made available to new applicants.
REGIONAL REVOLVING LOAN PROGRAM The Regional Revolving Loan Fund (RLF) is an older, smaller and more locally-controlled program.
It is designed for smaller loans to clients whose proposals don’t fit well into other programs.
Contact InformationNortheastern Vermont Development Association
Address: 36 Eastern Avenue
City: St. Johnsbury
State: Vermont
Website:
http://www.nvda.net/financing.php
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