Financing for Vermont Businesses and Farms

Energy Loan Guarantee Program

Under this program, VEDA provides loan guarantees to participating financial institutions that enroll loans made to Vermont businesses for energy efficiency improvements.

Eligibility

  • Individuals, partnerships, corporations, limited liability companies, non-profits, and municipalities planning to undertake a project to make energy efficiency improvements to a facility;
  • For more specific information, please contact a participating lender or Efficiency Vermont.

Use of Proceeds

  • Must be related to a project for energy efficiency improvements;
  • Facility renovations and/or purchase and installation of machinery and equipment;
  • Payment for design, engineering and permit fees relating to an eligible project.

Borrowing Limitations

  • VEDA can guarantee a maximum of 75% of the amount of the lender loan, not to exceed $250,000;
  • No limit on size of lender loan.

Fees

  • Please check with your lender for their fees;
  • VEDA charges a one-time 3% guarantee fee based on the guaranteed amount of the lender loan.
  • GUARANTEE FEE IS WAIVED THROUGH 3/31/16!

Application Process