Areas Served: Towns of Andover, Reading, Baltimore, Rockingham, Bellows Falls, Springfield, Cavendish, Weathersfield, Chester, West Windsor, Ludlow and Windsor
The Connecticut River Development Corporation (CRDC) in conjunction with the US Economic Development Administration established a sizeable Revolving Loan Fund for when conventional bank financing alone does not fit.
The goal of this financing program is to support and grow job levels for small and medium businesses in Southern Windsor County, Vermont.
This is done through low-cost fixed asset, real estate and working capital financing.
Loan terms are flexible but generally meet the following criteria: – Loan rates are set at or below the prime rate (4% minimum).
– Loan Amount Maximum is $75,000. – Owner or private investment may be needed.
– A 1% application fee is due with completed loan application.
– A bank denial letter is required when CRDC is the sole lender.
Contact InformationConnecticut River Development Corporation
Address: 21 Railroad Ave Rm 104
City: Windsor
State: Vermont
Website:
http://connriverdevcorp.org/services
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