Vermont Economic Development Authority (VEDA) Rates

Every attempt is made to assure VEDA's most current rates are posted, however VEDA reserves the right to adjust its rates.  Please contact a VEDA representative to assure  you have the most current rate information.

Direct Loans - Subchapters 3, 5, and Technology Infrastructure Program (TIF)

Programs	Rates	Fees
VEDA Prime Rate	3.5%*	.50% of loan amount ($2500 maximum fee)
VEDA Tax-Exempt Rate	3.0%*	.50% of loan amount ($2500 maximum fee)
* Rates will change as interest rates and market conditions fluctuate.
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Mortgage Insurance (Subchapter 2)

Programs	Rates	Fees
Subchapter 2	Set by lending institution	1.50% of insured amount  Application Fee: $1,000
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Industrial Revenue Bonds (Subchapter 4)

Programs	Rates	Fees
Subchapter 4	Set by Bond Purchaser	Commercial Borrowers: .625%
		Non-Profit Borrowers: .50% (less than $25 Million)
		Non-Profit Borrowers: .25% (greater than $25 Million)
		.25% for refunding bonds
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Vermont 504

Programs	Term	Rates	Fees
Vermont 504	10 Year	Note Rate: 4.74%*	Fees:  1.5% to 2.5%
	10 Year	Effective Rate: 6.36%*
	20 Year	Note Rate: 5.56%*
	20 Year	Effective Rate 6.91%*
* Rates are fixed for the life of the loan at closing and are set monthly.  Note rates shown are for debentures funded on the previous funding date.  Effective Rates include fees.
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Small Business Loans

Programs	Rates	Fixed APR	Fees
Small Business Loans	Small Business Index (Fixed at Closing), Floor of 5%	Fixed Rate 5.50%	Application fee: $50    (less than $50,000) Application fee: $100  (greater than than $50,000) Commitment fee:  1% of loan amount
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VACC Agricultural Loans

Programs	Rates	Fees
VACC Agricultural Loans	5.25% Variable *	Closing Fee of .50% of loan amount up to maximum of $1,500
	Fixed rates available on loans over $100,000	Guarantee Fee (if applicable)
*Rates will change as interest rates and market conditions fluctuate.
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