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$350,000 in SBA Loans Available Right Now
One state is getting $350,000 from the federal government. If you’re a small business owner, this is great news for you as this money is meant to help you make ends meet with your business after the pandemic took its toll.
Find out who is getting that money, how one bar is suing the government for more SBA, and how those who have been affected by the recent tornado are getting the help they need.
Vermont Business Magazine The Brattleboro Development Credit Corporation was recently selected to be a US Small Business Administration microloan intermediary. BDCC has received a commitment of $350,000 from the SBA to lend to small businesses throughout southern Vermont.
BDCC is only the third SBA microloan lender in the state of Vermont, along with Community Capital of Vermont in Barre and Vermont Community Loan Fund in Montpelier. It will primarily serve the southernmost counties, providing direct loans up to $50,000 to small businesses. The average microloan in the U.S. is about $13,000.
The Brattleboro Development Credit Corporation is a private nonprofit economic development organization that serves to drive industrial and commercial growth throughout southern Vermont. BDCC is one of 12 Regional Development Corporations providing economic development services to each region of Vermont.