Vermont Business Magazine Community Capital of Vermont (CCVT), New England’s highest volume SBA micro-lender, has received a grant from the USSmall Business Administration to offer consulting services to CCVT borrowers in the areas of marketing, advertising, sales, and financial management.“I commend CCVT for the well-deserved award of $120,000 in resources from the Small Business Administration to continue the important work they are doing in communities all across our state,” noted Congressman Peter Welch. “Supporting Vermont start-ups, underserved businesses, and first-generation entrepreneurs who are creating jobs and spurring the state’s economy is an important service, and I’m pleased CCVT will be able to continue and expand upon their current operations.”
Darcy Carter, District Director of the USSmall Business Administration's Vermont office, said, “As a proven partner in Vermont’s micro-lending landscape, we are delighted to invest in CCVT’s expertise as they broaden their range of services.”
Among other services, the program will allow CCVT to offer enhanced support to new business owners as they begin to grow. New entrepreneurs like Ryan McDonald of Finn Utility, a maker of fly fishing gear in Richmond, who is seeking guidance as to how to expand a business and develop a profit-sharing strategy with new employees. Martin Hahn, CCVT Executive Director, noted “CCVT borrowers have in common the passion for sustainable, well-planned growth. The focus of our Business Advisory Services is to help entrepreneurs achieve business success.”
CCVT is a nonprofit community-based lending organization that specializesin providing loans to business owners who cannot supply collateral or credit history to qualify for traditional bank loans.CCVT loans range from $1,000 - $100,000 and can be used to start or grow a business.
Source: Community Capital of Vermont 8.5.2015www.communitycapitalvt.org.