Vermont 504 Loan Program (Vermont)

From Open Energy Information

Revision as of 18:27, 15 December 2012 by Twbot (talk | contribs)$7

(diff) ← Older revision | Approved revision (diff) | Latest revision (diff) | Newer revision → (diff)

Last modified on December 15, 2012.

EZFeed Policy

Place Vermont

Applies to States or Provinces Vermont
Name Vermont 504 Loan Program (Vermont)
Policy Category Financial Incentive
Policy Type Loan Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Solar Photovoltaics, Tidal Energy, Wave Energy, Wind energy
Active Policy Yes
Implementing Sector State/Province

Program Administrator Vermont Economic Development Authority


The Vermont 504 Loan Program makes SBA 504 loans to eligible borrowers whose business net worth is no more than $15 million and whose average net profit after taxes does not exceed $5 million for two prior years. The program uses proceeds of SBA debentures to finance borrowers’ business needs. SBA 504 loans are made in conjunction other third party lenders that normally finance 50% of the Project. The Vermont 504 Corporation’s SBA 504 loan lends up to 40% of the Project amount in a lien position that is junior to the third party lender. The maximum non-manufacturing SBA 504 loan is $2 million ($1.5 million in Burlington).

Policy Contact

Department Vermont Economic Development Authority
Address 58 East State Street
Address 2 Suite 5
Place Montpelier
Zip/Postal Code 5602
Phone 802.828.5627