艾迪生县新葡京娱乐新葡京博彩官网 operates Revolving Loan Funds to help fulfill its mission of helping businesses in all stages of growth to retain and create good paying jobs in Addison County. 

ACEDC provides fixed rate loans to businesses of between $5,000 – $100,000. 当贷款偿还时, they are reinvested in the community by ACEDC in the form of new loans to other businesses. 

ACEDC is an equal opportunity lender, with funds available on a non-discriminatory basis.

ACEDC also works with other financial partners such as commercial banks, 选择银行, and the Vermont Economic Development Authority (VEDA) to develop financing packages that meet the needs of growing businesses. 

新葡京博彩官网: info@rebeccakovar.com or (802) 388-7953.
 

循环贷款基金

ACEDC’s 循环贷款基金 come primarily from the USDA Rural Development Intermediary Relending Program. ACEDC’s loan fund is different from conventional lending programs because it can finance businesses that are having difficulty obtaining traditional financing due to the unproven nature of their business, 它们的体积小, 担保情况, 或者非传统的产品线. 然而，ACEDC通常不能成为主要贷款人. ACEDC提供缺口融资. The borrower must have approached a commercial lender and been told that the bank cannot finance the project or cannot finance the entire project.

第一步是与ACEDC联系: info@rebeccakovar.com or (802) 388-7953

谁有资格申请本署的循环贷款基金?

Funds are available for both existing and start-up businesses. ACEDC works with local banks and other financial institutions, often serving as the “gap financing” piece to help meet the unmet funding needs of area businesses. Loans are available for a wide range of initiatives as described below. Any lender, including ACEDC, will require a business plan and business projections. If you need assistance to prepare a business plan and projections prepared, contact the VT Small Business Development Center advisor for Addison County: Sarah Kearns skearns@vtsbdc.org (802)771-5820.

我可以使用本署的循环贷款基金作何用途?

贷款必须用于社区发展项目, 建立新的业务, 扩大现有业务, 创造就业机会, 或者保住现有的工作. 项目必须在艾迪森县进行.

贷款可用于但不限于:

• Business and industrial acquisitions when the loan will keep the business from closing, 防止就业机会流失, 或者提供更多的就业机会
• Business construction, conversion, enlargement, repair, modernization, or development
• 购买和开发土地, 地役权, 权利之内, 建筑, 设施, 租赁, 或材料
• Equipment purchases, leasehold improvements, machinery, or supplies
• 控制和减少污染.
• 运输服务
• 启动运营成本
• 可行性研究
• 营运资金(长期)

What Are Ineligible Purposes for ACEDC’s Revolving Loan Fund?

经济发展委员会的贷款不得用于:

• 信贷额度
• 农业生产
• 为现有债务再融资(在有限情况下除外)
• 高尔夫球场或赛道

这些贷款的利率和条件是什么?

贷款期限内利率是固定的. The rate for each loan is set by the ACEDC Loan Committee and based on consideration of current interest rates, 主要贷款人收取的利率, 担保范围, 还有其他风险因素.

The term of a loan will vary depending upon the use of funds but are typically 3-10 years in length. Loans for real estate and building purchases may have longer terms.

ACEDC will finance up to 40% of a project, not to exceed $100,000. 通常, a bank or other lender (or a combination of other lenders) will finance 50% or more of the project. The borrower will be required to contribute some percentage in the form of owner equity.

A non-refundable $100 application fee is required at the time of application. If the loan is approved, a 1% commitment fee is required, and additional closing costs may apply.

如何申请贷款?

If you have not already done so, contact Fred Kenney, ACEDC执行董事 (802-388-7953 or fkenney@rebeccakovar.com). You must discuss your project with the 执行董事 prior to applying. 

Once you have the go ahead to apply, go to the following URL: http://cloud.bmisw.com/AddisonCountyEDC.

Create a User Account, complete, and submit your application. 申请完成后，请务必点击“提交”. Loan applications cannot be considered by the ACEDC Loan Committee unless and until they are complete.  A nonrefundable application fee of $100 is due when the application is submitted.

和其他贷款人一样, ACEDC’s Revolving Loan Fund requires the development of a sound business plan clearly describing the business and the proposed use of the new funds. 该计划应解决该行业及其趋势, 市场, 以及公司的管理和运营. Historical and current business and personal financial information is also required along with projected operating results. 

申请贷款需要多长时间?

一旦你的申请被确定为完成, a loan analysis is conducted and then the Loan Committee will meet to consider your request. If your loan is approved, a commitment letter will be sent to you to sign. Once we have received your signed commitment letter agreeing to the terms and conditions of your loan, our attorney will prepare closing documentation and we will arrange for your loan closing. Additional documents will be required of you prior to or at the closing, 例如信誉良好证书和保险活页夹. A relatively straightforward loan may take 2-3 weeks to close once we have your completed application. 更复杂的贷款可能需要3-6周或更长时间.

如果我有更多的问题怎么办?

If you have additional questions after you’ve reviewed the loan application, 请联系弗雷德·肯尼, 执行董事, at 802-388-7953.

ACEDC is an equal opportunity lender, with funds available on a non-discriminatory basis.

Funds for these loan programs have been provided by USDA Rural Development.

很好的开始!