LEDC
Helping our economy grow by developing tools and providing business assistance is the core of Vermont’s economic development plan. Putting this assistance together to benefit low-to-moderate income residents is what Lamoille Economic Development Corporation (LEDC) has done with the Lamoille County Revolving Loan Fund.
Growing businesses often need financing beyond what their primary bank is able to lend them. Small businesses may need loans too small for banks to find profitable. The fund is intended to supplement existing or private sources of funding for small and medium sized businesses whose economic activity has a direct benefit to low-to-moderate income residents. Learn more about the Lamoille County Revolving Loan Fund and read the “Available Funding News” blog.
MORRISTOWN DEVELOPMENT FUND
The Morristown Development Fund helps to create jobs by providing loans to small and medium sized businesses in Morristown, Vermont. Any for-profit or not-for-profit firm in Morristown is eligible to apply for a loan, priority will be given to firms that create high quality jobs, employ and train low and moderate income individuals, provide meaningful economic benefit to the town, have sound finances, with history of profits and solvency, exhibit a high level of technology and innovation and are growth oriented. The minimum loan amount is $2,500. The fund is administered by LEDC, all inquiries should be directed here.
BANKS, ALTERNATIVE LENDERS AND VTSBA
Vermont’s banks, vital resources for the business community, help stimulate local businesses by working with our state strategic partners and with the Small Business Administration and Vermont Community Development Program.
Lamoille County has several commercial lending institutions with significant asset value. Many offer a wide spectrum of services, from cash management, certificates of deposit, letters of credit, and business and agricultural loans to international services, payroll services, and employee benefit plans. These local banks are more than willing to work with businesses, industries, and institutions, as well as with individuals, to develop the package of services appropriate to their needs.
Commercial Lenders Serving Lamoille County |
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| Bank and Address | Point of Contact | Telephone Number |
| TD Bank 90 Main Street, Montpelier, VT 05602 |
Marino Bartolomei | 802-371-1615 |
| People’s United Bank 1069 Mountain Road Stowe, VT 05672 |
Jill-Jaret Rossi | 802-253-8525 |
| People’s United Bank 19 Morrisvile Plaza Morrisville, VT 05661 |
Deanna Wood | 802-888-1410 |
| Community National Bank Stonegrill Plaza 116 VT Route 15 West Morrisville, VT 05661 |
Heather Bradley | 802-888-4633 |
| Merchant’s Bank 103 Lower Main Street Johnson, VT 05656 |
Jodi L. Tallman | 802-635-2371 |
| Union Bank 20 Lower Main Street P.O. Box 667 Morrisville, VT 05661 |
Bob Richardson | 802-888-6600 |
| Union Bank Northgate Plaza, Rte. 100 P.O. Box 667 Morrisville, VT 05661 |
Sherrie Bull | 802-888-6860 |
| Union Bank 47 Park Street P.O. Box 419 Stowe, VT 05672 |
Karen C. Noyes | 802-253-6600 |
| Union Bank 198 Lower Main Street P.O. Box 614 Johnson, VT 05656 |
Greta Meyer | 802-635-6600 |
| Union Bank 44 Main Street P.O. Box 369 Jeffersonville, VT 05464 |
Susan Lassiter | 802-644-6600 |
| Yankee Farm Credit 250 Commerce Way Newport, VT 05855 |
Loren Petzoldt | (802) 334-8050 |
| SBA Small Business Administration |
Refer to your local banker | |
Alternative Lenders
| USDA – RD 89 Main St City Center 3rd Fl Montpelier, VT 05602 |
Cheryl Ducharme | 802-828-6083 |
| VEDA 58 East State Street Suite 5 Montpelier, Vermont 05602 |
Steven Greenfield | 802-828-5627 |
| Vermont Community Loan Fund P.O. Box 827 Montpelier, VT 05601 |
Sam Buckley | 802-224-9147 |
| Community Capital of Vermont P.O. Box 342 Barre, VT 05641 |
Leah Fury | 802-479-0167; X.5 |
| VSJF Flexible Capital Fund 3 Pitkin Ct, Ste 301E Montpelier, VT 05602 |
Janice St. Onge | 802-828-3753 |
| USDA Farm Service | Dirk Reith | 802-527-1296;X.110 |