State making low-interest loans available to businesses
Tuesday, 06/03/08
- MONTPELIER, Vt. (AP)
Options
The state of Vermont is making a new round of low-interest financing available to businesses as of next month.
The Economic Recovery and Opportunity Program will use $1.25 million approved by the Legislature to make loans to business with rates as low as three percentage points below the Wall Street prime rate. Governor Jim Douglas' requested to loans.
The new funding will help the Vermont Economic Development Authority make up to $18 million in loans during the next two years.
Businesses receiving the loans can use the money to buy land and buildings, finance construction or renovation, or purchase other capital goods like machinery and furniture.
VPR Headlines
- Following DUI Charge, Salmon Speaks To Personal Responsibility Friday, 11/20/09 5:50pm
- Leahy To Meet With Homeland Security On Farm Worker Crackdown Friday, 11/20/09 5:50pm
- Rutland Remembers Joseph Foley Friday, 11/20/09 5:50pm
- Racine Supports Program Cuts, Tax Increases To Balance Budget Friday, 11/20/09 5:50pm
- VT Edition: Doug Racine Friday, 11/20/09 1pm
Vermont Edition
- Hunger Worsens In Vermont Monday, 11/23/09 Noon and 7pm
- State Senator Doug Racine Friday, 11/20/09 Noon and 7pm
- Going Blind Later In Life Thursday, 11/19/09 Noon and 7pm
Commentaries
© Copyright 2009, Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.