Home Business Community Loan Fund Vt. Provides $ 1.8 Million for COVID Relief

Community Loan Fund Vt. Provides $ 1.8 Million for COVID Relief

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MONTPELLIER, Vermont (WCAX) – The Vermont Community Loan Fund has received $ 1.8 million to deploy to companies and communities in Vermont most affected by the pandemic.

The money comes from the US Treasury Department’s Rapid Response Program. The program helps expand economic opportunities in low- and low-income communities by providing access to loan capital, financial products and services for local residents and businesses.

The Vermont Public Loan Fund says it will use the money to help Vermont small businesses, early care and education programs, family farms, nonprofits and affordable housing developers who are struggling over COVID.

VCLF is one of 863 Community Development Financial Institutions that received a total of $ 1.25 billion through the Rapid Response Program. The awards were announced on June 15th.

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