Financing for Vermont Businesses and Farms

VEDA has provided over $2.288 billion in financing to Vermont Businesses and Farms.
Agricultural Financing

Agricultural Financing

At VEDA, we work with all types of farming operations. Learn More

Commercial Financing

At VEDA, we've worked with companies that make everything from ice cream to eyewear to steel. Learn More

Energy Financing

VEDA provides financing for commercial and agricultural energy generation and efficiency projects. Learn More

Financing Overview

Working in partnership with private lenders, VEDA customizes financing solutions to fit the individual needs of borrowers. Learn More

Learn More About VEDA

006_GrahamsMaple_APH.jpg 0391__Solar_VEDA_2016_LowRes-1.jpg
For over four decades, the Vermont Economic Development Authority has partnered with Vermont banks and other lenders to provide low-interest loans to Vermont businesses and farms, both large and small.

HERE’S WHAT PEOPLE ARE SAYING ABOUT VEDA…

80 Goats, Inc.

Read Full Story

Ackermann Maple Farm

Read Full Story

Honest to Goodness Farm

Read Full Story

Mamava, Inc.

Read Full Story

Smuggs Fun Zone

Read Full Story

Silloway Farms

“We have had a great experience working with VEDA! They made pre-buying organic grain an easy process and this has made our transition to organic production seamless so far. We strive to be debt free and the low interest rates on their transition loan will make it all the easier to achieve that goal!”
Read Full Story

Douglas Sweets LLC

“We truly appreciate the opportunity VEDA created for Douglas Sweets. As growth for our out-of-home business had reached the limit, the opening of a commercial bakery was vital for continued growth. VEDA financing enabled us to take this large step forward toward increasing baking capacity and in turn, expanding our distribution reach and product variety. An exceptional organization and an absolute pleasure to work with.”
Read Full Story

G.S. Precision, Inc.

“G.S. Precision recently entered a significant growth phase that required a major expansion of plant capacity and equipment here in Vermont. In December of 2015, we closed a complex financing involving a range of financial sponsors including VEDA, who stepped up to provide critical low-cost financing that enabled GSP to move forward with a full build out as planned. VEDA, and our loan officer Marie Dussault, have been active and strong supporters of our project from the outset. We appreciate their professionalism, in the pre-financing phase right through the construction and procurement phases. GSP looks forward to a long partnership with VEDA.”
Read Full Story

FY 2016 VEDA MARKET INDICATORS

359

Loan Closings

$16.6 Million

Energy Generation Loans

$26.5 Million

Agricultural Loans

$22.30

Average Hourly Wage

$162.4 Million

Private Capital Leveraged

$31.8 Million

Commercial and Small Business Loans

$2.288 BILLION

FINANCINGS APPROVED SINCE 1974

$259 MILLION

LOAN PORTFOLIO AS OF 6/30/16

$25.8 MILLION

FY 2016 AG LOAN APPROVALS RECORD

$8 MILLION

SMALL BUSINESS LENDING IN FY 2016

OVER 150 YEARS

STAFF’S COMBINED LENDING EXPERIENCE