Vermont gives $1 million to small business non-profit lender
BARRE, Vt. (AP) — Vermont has awarded $1 million to an organization that helps small businesses and startups.
The Times Argus reports the state Small Business Administration awarded $1 million to Community Capital of Vermont. CCV’s microloan program will benefit from the award. The nonprofit also received a $239,000 technical assistance grant.
The Barre-based nonprofit organization was created in 1995 to help local entrepreneurs with gap lending. CCV Executive Director Carol Lighthall says the nonprofit is a “mission-based lender” that thinks of people. Lighthall says the organization has remained inclusive when working with borrowers.
According to CCV, the organization has invested about $9 million in over 300 small businesses in Vermont since its inception.
Information from: The Times Argus, http://www.timesargus.com/