Vermont 504 Loan Program (Vermont)

From Open Energy Information


Last modified on February 12, 2015.

EZFeed Policy

Place Vermont


Applies to States or Provinces Vermont
Name Vermont 504 Loan Program (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, Solar Photovoltaics, Wind energy
Active Policy Yes
Implementing Sector State/Province














Program Administrator Vermont Economic Development Authority
Primary Website http://www.veda.org/financing-options/vermont-commercial-financing/sba-504-program/


Last Review 2014-09-15



Summary

The Vermont 504 Loan Program makes SBA 504 loans to eligible borrowers whose business net worth is no more than $15 million and whose average net profit after taxes does not exceed $5 million for two prior years. The program uses proceeds of SBA debentures to finance borrowers’ business needs. SBA 504 loans are made in conjunction other third party lenders that normally finance 50% of the Project. The Vermont 504 Corporation’s SBA 504 loan lends up to 40% of the Project amount in a lien position that is junior to the third party lender. The maximum non-manufacturing SBA 504 loan is $2 million ($1.5 million in Burlington).


Policy Contact

Department Vermont Economic Development Authority
Address 58 East State Street
Address 2 Suite 5
Place Montpelier
Zip/Postal Code 5602
Phone 802.828.5627


Email info@veda.org


















References