Financing for Vermont Businesses and Farms

VEDA – Annual Reports

Some of VEDA’s recent Annual Reports may be downloaded from this page. This requires Adobe Acrobat Reader 5.0 or later. If you do not have Adobe Acrobat Reader click here.

An excerpt from the Annual Report for the fiscal year ended June 30, 2015:

“…
In FY 2015, the Authority experienced an increase over the prior year in separate financings closed -- 273 financings totaling $76.9 million, compared with 254 financings closed in FY 2014 totaling $59.8 million. The amount of private capital leveraged in these projects also increased -- over $93 million in FY 2015 compared with $83 million the year before.

Of the financings VEDA closed in FY 2015, 33% were for commercial projects, 20% were agricultural loans, 37% were tax-exempt conduit bonds, and 10% were for small business projects. This year, we are pleased to note that two loan programs implemented with the help of your Administration and that of Legislative leaders over the last two legislative sessions have been popular with borrowers. Under the Energy Loan Program, VEDA closed 23 renewable energy projects totaling $7.5 million. VEDA’s Entrepreneurial Loan Program, developed to help meet the working capital and capital-asset financing needs of Vermont-based businesses in seed, start-up and growth stages, closed $2.0 million in financing for eleven companies.

Today, VEDA has $247 million in assets, with a loan portfolio totaling $210 million at June 30, 2015. This reflects an industry mix of 36% agriculture, 19% services, 18% manufacturing, 12% tourism, 5% wholesale/retail trades, 5% energy generation and distribution, and 5% other commercial. Since its inception in 1974, VEDA has approved 7,717 separate financing instruments totaling over $2.16 billion, including direct commercial loans of over $379 million, agricultural loans exceeding $280 million, and small business loans totaling almost $75 million. These significant achievements would not have been possible without the efforts of a dedicated professional Staff, a strong Board of Directors, and the valued partnerships the Authority has developed over many years…” 

 

To review VEDA's Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2015 and 2014 (and Report of Independent Auditors), click here.

To review VEDA’s Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2014 and 2013 (and Report of Independent Auditors), click here.

To review VEDA’s Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2013 and 2012 (and Report of Independent Auditors), click here.

To review VEDA’s Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2011 and 2010 (and Report of Independent Auditors’), click here.

To review VEDA’s Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2010 and 2009 (and Report of Independent Auditors’), click here.

Additional financial information may be obtained by contacting VEDA.