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South Vermont News

Friday, November 1, 2024

Short-Term Forgivable Loan Program

SHORT-TERM FORGIVABLE LOAN PROGRAM

VEDA will be accepting applications beginning on Sept. 15, 2022. At this time, please utilize the information below, the FLP Instructions and the FLP Calculator Tool (download) to get a head-start in determining your Eligibility and an Estimated Tentative Loan Amount. The VEDA Short Term Forgivable Loan Program will provide financial assistance to businesses that continue to experience current and on-going economic harm due to the COVID-19 pandemic.

PRIORITY SECTORS: In accordance with guidelines developed by the State, VEDA will initially accept applications from the following industry sectors and business owners:

Travel & Tourism

Restaurants and Eating Establishments

Lodging

Childcare

Agriculture

BIPOC owned businesses in all industry sectors

For more details about this program, check out this page, https://www.veda.org/.../other-financing-option/forgivable-0

Original source can be found here.

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