Commercial Loan Program
Sarah Albright grew up visiting The Apple Barn and has fond memories of her family gathering there to enjoy one (or a dozen) of the famed cider donuts. When she saw the property was for sale in 2022, she knew it was her chance to own a piece of local history.
Nestled in the heart of Bennington, the Apple Barn has a storied history that dates back to its early days as a roadside produce stand. It started as a retail outlet for the orchard's apples and, over time, evolved into a local gathering place, cementing its place in the community.
Today, The Apple Barn is a cherished shop catering to locals and tourists alike. It offers apple-inspired delights, including cider donuts, a cozy café, and acres of entertainment space. It’s a place where people gather, celebrate, and enjoy local wares.
Monthly festivals and seasonal events—including PYO (pick-your-own) blueberries and a corn maze—make the Apple Barn a vital hub for local activity and community engagement.
"The Apple Barn is more than just a business to me; it's a piece of my heart and a vital part of our region,” Albright said. “It's where my family and I share our love for our local community and create lasting memories with our neighbors and visitors.”
Soon after learning it was for sale, Albright began working toward purchasing the business to ensure future generations have the same opportunities to experience cherished memories at The Apple Barn.
As she was researching financing options, her loan officer at the Bank of Bennington suggested exploring VEDA’s programs as an additional funding source. Knowing the sale needed to happen quickly, Albright reached out.
Through VEDA financing, Albright was able to purchase both the land and business. The loan covered 40 percent of the appraised value, forming a significant part of the overall financing package.
“This loan was pivotal, especially given the challenges of appraisals and financing,” she said. “Without VEDA, the down payment would have been significantly higher, making the purchase nearly impossible.”
Seeing the community come together and enjoy the Apple Barn has made the purchase all worthwhile for Albright.
“Seeing the joy on people's faces as they explore the shop and knowing that I am keeping a piece of local history alive is what keeps me going,” she said. “This place is not just about selling apples; it's about fostering a sense of togetherness and supporting our community every step of the way."
