The Vermont Community Loan Fund, Inc. was awarded a $166,045 Project Grant from the U.S. Small Business Administration's Microloan Program (CFDA 59.046) on July 1, 2024. This funding will enable the organization, a nonprofit community development financial institution, to provide microloans up to $50,000 and accompanying technical assistance to support small businesses, particularly those owned by women, minorities, and low-income individuals in underserved communities throughout Vermont. The grant award is part of the SBA's broader efforts to foster entrepreneurship and economic development in areas lacking traditional credit access. Additionally, the Vermont Community Loan Fund has received sub awards from the State of Vermont's Childcare Facility Improvement Grant Program to support improvements at local childcare facilities, further expanding access to community development resources in the state.
Generated 1/28/25, 9:22 AM