An excerpt from the Annual Report for the fiscal year ended June 30, 2021:
“…During this past fiscal year, we helped an incredible 806 Vermont businesses and farmers - nearly double the number from fiscal year 2020 - by approving $81.1 million in financing and impacting approximately 6,000 jobs. Businesses from all fourteen Vermont counties and operating in 19 different major industry classifications received financing from VEDA this past year. …
VEDA filled a critical role in the PPP program by processing loans for businesses that could not easily obtain them from traditional financial institutions. When the SBA closed the program to banks and credit unions in early May of this year, VEDA again filled the gap by approving and closing an astounding 254 PPP loans during the final weeks before the program ran out of funding. This was accomplished with a lot of collaborative work with our statewide partners, and the high level of commitment and dedication of our incredible Staff.
At June 30, 2021 VEDA had $333.7 million in total assets. Its loan portfolio totaled $287.7 with 34% in loans to the agricultural sector, 26% to small businesses, 21% to commercial enterprises, 13% to renewable energy projects and 7% to regional development corporations.”
Audited Financial Statements
To review VEDA's Financial Statements with Supplementary Information as of and for the Years Ended June 30, 2021 and 2020 (and Report of Independent Auditors), click here.
Additional financial information may be obtained by contacting VEDA.