FCIDC provides financing to small, value-added businesses through its Loan Fund. Loans range from $25,000 to $250,000 and are typically leveraged with a commercial bank loan.
Revolving Loan funds are available to start-up and established value-added businesses located in Franklin and Grand Isle Counties. A revolving Loan Fund is unique in that the program can fund financially sound projects that can not obtain all of the credit needed from a bank. The Loan Fund serves as a lender of last resort. Revolving Loan Fund is a partner to the Vermont banking community and not a competitor. Call FCIDC at (802) 524-2194 for more information.
The FCIDC Revolving Loan Fund was originally funded by USDA Rural Development.
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FCIDC is an equal opportunity lender and service provider. FCIDC and the Revolving Loan fund are prohibited from discriminating on the basis of race, color, national origin, sex, religion, age, disability, political beliefs, sexual orientation or marital or family status.