VERMONT

 

Ms. Rosalea W. Bradley, VEDA CEO
Ms. Sarah Isham, Senior Loan Officer
Mr. Charles Keeler, Loan Officer
Ms. Patricia Duffy, Loan Officer
Vermont Economic Development Authority
58 East State Street, Suite 5
Montpelier, VT 05602-3044
Telephone: (802) 828-5627 FAX (802) 828-5474
Web: www.veda.org
E-mail Address: sisham@veda.org; ckeeler@veda.org; pduffy@veda.org

Program/Project Title: Vermont Agricultural Credit Corporation
Program Began: 1988
Contact Person: Sarah Isham/Charles Keeler/Patricia Duffy
Target Group: Farmers who are not having their credit needs fully met by conventional agricultural credit sources at reasonable rates and terms.
Description: Direct lending program with loan limits of up to $949,000 per borrower. Preference is to participate with commercial lenders in large projects. Can make both operating loans and farm ownership loans. Most loans require a 90 percent FSA guarantee, but smaller loans may be made without a guarantee. Can also make loans for purposes not eligible for a guarantee (i.e., ag processing, custom operators, etc.).

 

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