Community Capital of Vermont Inc

Community Capital of Vermont Inc is a nonprofit organization based in Vermont, dedicated to supporting small businesses and lower-income entrepreneurs throughout the state.

Mission

The mission of Community Capital of Vermont Inc is to contribute to a strong Vermont community by helping small businesses prosper through the provision of flexible business financing and ongoing technical assistance. This mission is fulfilled by targeting financing to entrepreneurs who lack access to conventional commercial credit, encouraging job creation, and enabling businesses to expand and diversify Vermont's economy[1][2][3].

Objectives and Target Market

The organization's objectives include:

• Targeted Financing: Providing financial support to entrepreneurs who have insufficient access to traditional bank financing.
• Job Creation and Expansion: Encouraging job creation and enabling businesses to expand, which helps in enhancing the quality of life in Vermont.
• Economic Diversity: Attracting businesses that contribute to economic diversity and have a good chance of success[3].

Community Capital of Vermont primarily serves low-to-moderate income individuals, including self-employed persons and owners of small businesses, particularly those with five or fewer employees. The organization also focuses on supporting women and minority business owners[3].

Loan Products and Uses

The organization offers a variety of loan products, including business loans and the Vermont Job Start Program. These loans can be used for various purposes such as:

• Working capital
• Equipment purchases (including vehicles)
• Real estate acquisition and improvement
• Refinancing existing business debt[3].

History and Operations

Founded in 1995, Community Capital of Vermont Inc has been instrumental in helping Vermonters create and retain jobs, build wealth, and enhance the state's downtowns and working landscape. As a community-based 501(c)(3) nonprofit, it plays a crucial role in complementing existing financial resources in Vermont[2][3].

Financials

As a nonprofit organization, Community Capital of Vermont Inc reports its financial activities annually. The organization's financial stability is crucial for maintaining its support for Vermont's small businesses and entrepreneurs[5].