Direct Loan Program Subchapter 5 (Vermont)
Last modified on February 12, 2015.
|Applies to States or Provinces||Vermont|
|Name||Direct Loan Program Subchapter 5 (Vermont)|
|Policy Category||Financial Incentive|
|Policy Type||Loan Program|
|Affected Technologies||Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy|
The Direct Loan Program assists Vermont borrowers in financing fixed assets and in cooperation with commercial banks. The Vermont Economic Development Authority may either make its own direct loan or purchase a portion of a bank loan to enable greater access to debt financing for Vermont businesses. The loan may be used for the purchase of land and buildings, including construction or renovation, and for the purchase and installation of machinery, equipment, furniture, and fixtures.
|Department||Vermont Economic Development Authority|
|Address||58 East State Street|
|Address 2||Suite 5|