SBA Microloan Program. Community Capital is Vermont’s largest volume Microloan lender. After just one year of becoming certified as an SBA Microloan lender, CCVT has originated over 60 percent of Microloans in Vermont over the last two quarters. These are just a few of its SBA borrowers:
♦Sarah DeFelice is the proud owner ofBailey Road, a new women’s clothing store in Montpelier
♦Maureen Driscoll Morey has openedMaureen’s Sweet Treatsin Barre
♦Ryan and Jessica Bunce grew their businessBarrio Bakery & Caféin Burlington with a loan for working capital
♦Katrina Coravos got a loan to bulk purchase supplies for her business,Liberty Chocolates(Claim Your LibertyTM)
♦Josh, Carlene and Paul Metruk purchasedMountain High Pizza Piein Underhill – promoting themselves from managers to owners of the business
♦Nancy Sunderland received a loan to begin producing woven baby wraps for her businessPoesie Tissee(pronounced poe-ay-zee tee-say)
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Bitybean a finalist in Peak Pitch 2014.Doug Hartwell, the owner ofBitybeanand a CCVT borrower, took part in Peak Pitch 2014. Peak Pitch is an event at Sugarbush Resort at which investorsand entrepreneurs have the opportunity to network as they ride the chairlift together. This year, Bitybean --the ultimate in child-carrying convenience– is a finalist in this highly competitive event. This is not the first award for Bitybean. Others include:
- JPMA Innovation award - 2012
- Fit Pregnancy Magazine "Best Value" Carrier - 2013
- NY Baby Show "Best in Show" - 2013
- Cribsie New Arrival Award - 2014
Community Capital also announced the receipt of a $10,000 grant from Merchants Bank in Burlington.
According to Cheryl Houchens, Merchants Bank VP for Compliance, “With this grant, Merchants Bank is able to take part in supporting Community Capital as they assist lower income entrepreneurs grow their businesses, create jobs and build financial stability through entrepreneurship.”
Community Capital stated the Merchants Bank grant gives it a boostto help small businesses develop and flourish.
Business loans from Community Capital
Community Capital of Vermont is a statewide small business and microenterprise lender. Our loans range in size from $1,000 to $100,000 and can be used for business start-up or growth and expansion. Ourapplication is available as a fillable PDFand there is anonline inquiry formon our website.