Business Loans in Vermont

Vermont's economy is distinguished by its commitment to local business, sustainable practices, and artisanal production. The state has become nationally famous for its craft food and beverage industry — from Ben & Jerry's ice cream to Cabot Creamery's cooperative dairy to hundreds of artisan cheese makers, craft breweries, and maple syrup producers. Vermont leads the nation in maple syrup production and per-capita craft brewery count. The state's technology sector, while small, is growing around Burlington, with companies like Dealer.com (now Cox Automotive), GlobalFoundries semiconductor manufacturing in Essex Junction, and a community of remote workers attracted by Vermont's quality of life. Tourism generates over $3 billion annually, driven by fall foliage, skiing (Stowe, Killington), and agritourism. Vermont's agricultural sector emphasizes organic and sustainable practices — the state has more organic farms per capita than any other. With approximately 82,000 small businesses, Vermont has one of the highest rates of self-employment in the nation. The Vermont Economic Development Authority (VEDA) is a crucial financing resource, offering direct loans, loan guarantees, and specialized programs for technology companies, farms, and startups. The Vermont Community Loan Fund CDFI and the Vermont Sustainable Jobs Fund provide additional lending and support for businesses aligned with Vermont's values of sustainability and local production.