Learn More about CDFI's and Small Business Resources in Vermont see here
While the federal government does not provide grants for starting or growing small businesses, one of the mechanisms in place to promote small business growth and economic development is the Community Development Financial Institution Fund managed by the US Department of the Treasury.
Community Development Financial Institutions fall into four categories:
New Hampshire New Market Investment Co., LLC
Northern Community Investment Corporation
Opportunities Credit Union
RNA Community Builders, Inc.
Rutland West Neighborhood Housing Services, Inc.
Vermont Community Loan Fund, Inc.
Vermont Development Ventures Inc.
Vermont Rural Ventures, Inc.
The Small Business Administration has established the Historically Underutilized Business Zones (HUBZone) Empowerment Contracting Program wherein they aim to provide federal contracting assistance to eligible small business corporations which are located in underutilized business zones so as to improve their employment opportunities, investments, and their area's economic development.
To get approval for your small business loan application, you must be able to meet the lending criteria set down. Some organisations are more risk averse than others, and will therefore have more st...