Financing for Vermont Businesses and Farms

VEDA Overview

Since its creation by the Vermont General Assembly in 1974, VEDA has provided over $2.16 billion in financing assistance to thousands of eligible Vermont commercial and agricultural businesses, helping them grow and create jobs. For more than four decades, VEDA’s financing innovations and investments have helped to stimulate Vermont’s economy.

Sectors We Serve

The Authority's original statutory focus was the support of industrial development in Vermont. In the last 40 years, VEDA's enabling statute has been updated repeatedly to keep pace with Vermont's growing economy. Over the years, VEDA has created and adapted innovative financing programs and tools to support the diversification of Vermont’s economic sectors, and maximized available funding for its programs. Scroll down on this page to learn more.


In 1989, VEDA started making agricultural loans to assist farmers in restructuring their balance sheets, which had been negatively impacted by a cyclical downturn in the dairy industry. In 1999, the Vermont Agricultural Credit Corporation (VACC) was formed, and now, agricultural lending through VACC has grown to comprise almost half of VEDA’s direct loan portfolio. VACC’s portfolio, initially more than 90% dairy, is becoming much more diversified as the Vermont agricultural economy expands to include new types of farm operations.


In recent years, VEDA has approved millions of dollars in financing for commercial and agricultural energy generation and efficiency projects, supporting investments in hydropower, solar photovoltaic, wind, digester and biomass projects. In 2013, the Vermont Legislature approved new financing at VEDA for sustainable energy projects.

Small Business

Small business loans can be made for as much as $350,000 and may provide financing for both fixed assets and working capital. Small business lending has been the fastest growing segment of the VEDA portfolio in the last several years.


VEDA’s role in financing manufacturing has a long history, dating back to when VEDA was organized in 1974. Manufacturing accounts for 22% of VEDA’s total loan portfolio.

Travel & Tourism

Travel & tourism is an extremely important sector, as it imports capital into Vermont. As its importance to Vermont’s economy grew, VEDA’s lending criteria were expanded in the early 1990’s to include the travel and tourism sector.

Entrepreneurial Business

VEDA recognizes that Vermont- based businesses in seed, start-up and growth stages are a vital source of innovation, employment, and economic growth in Vermont. The Authority’s Entrepreneurial loan program provides financing to meet the working capital and capital-asset financing needs of Vermont-based businesses that may not have access to conventional means of financing.