A couple of quick facts regarding the state of Vermont and its current business climate: While Vermont has one of the smallest economies, it also has one of the lowest unemployment rates in the country. With the top three Vermont industries being mining, manufacturing, and agriculture, the state is poised for even more job growth over the next 5 years according to recent surveys. Beyond the job and business forecast, Vermont is just a terrific place to live and raise a family. It has been consistently ranked among the top ten states in which to bring up children.
Whatever your reason for being in Vermont, certainly owning and running your own business there can be incredibly rewarding. We've worked with numerous Vermont based small businesses, from maple syrup suppliers to organic outdoor clothing manufacturers, the eclectic nature of the companies in the northeastern part of the country is truly dynamic.
When You Need a Loan For Your Vermont Business
Problems, however, can arise when you go to apply for a small business loan through a traditional Vermont bank. More and more, banks are tightening up as far as what they require to qualify a smaller company. From higher FICO score standards to more collateral, they are making it increasingly difficult for the little guy to thrive, even in Vermont.
This is where alternative lenders such as First Union really can make a difference. We look at the entire profile of a Vermont based business, not just one score or time in operation. We want to know who you are and what value you bring to the table. For us, it really is about investing in companies so that they can expand and succeed! Our loan programs range from 5k to 1 million, meaning, we have the flexibility to accommodate your needs.
We Work with Companies Throughout the Entire State
Wherever you happened to be located in Vermont, we can most definitely help you get the funding you need, and quickly. Call today!