Vermont Business Loans
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Financing for Companies in Vermont
Vermont, the Green Mountain state is famous for being the largest manufacture of maple syrup. Vermont has a smaller population and therefore has a small but resourceful economy. State legislature is providing grants throughout the state to help grow small businesses and the local economy. Small and middle-sized businesses are the backbone of Vermont’s economy, accounting for a substantial amount of the state’s revenue. Business loans in Vermont are vital to help businesses operate and expand.
Agriculture and Mining Loans in Vermont
The agriculture industry is one of Vermont’s most prominent industries with corn, rice, cotton, and wool bringing in most of the revenue and jobs in the state. Vermont’s economy is reliant on not only its fertile farming land but also the natural resources throughout the state. Vermont’s mining industry is very lucrative for the local economy, it is one of top producers of granite, marble, and slate in the entire country. These businesses use equipment financing and small business loans in Vermont to purchase machinery and cover expenses.
Manufacturing Loans in Vermont
The manufacturing industry has been an important piece of the state’s economy for decades. IBM, a massive player in electronic equipment manufacturing has a plant in Burlington that supplies much needed revenue and jobs to the state. Dairy and baked goods in Vermont are produced and manufactured throughout the country, which plays a big role in the local economy. These manufacturing businesses use small business loans in Vermont to buy inventory and cover overhead expenses.
Tourism and Hospitality Loans in Vermont
With its beautiful landscape and endless outdoor adventures, it’s no surprise that Vermont’s tourism industry thrives. During the winter months, visitors flock to the state’s prominent mountains to ski and snowboard. Visitors come in the other seasons to enjoy the states beautiful lakes and scenic outdoors. Small businesses throughout the state thrive and rely on tourism to keep their businesses operating. Each year Vermont welcomes millions of visitors to the state, providing an influx of revenue for the Small businesses use business loans in Vermont to deal with seasonality of tourism. Many businesses need extra working capital to meet their customer’s demands and take on new projects. SMB Compass provides small business loans in Vermont to a wide array of business to help operate and expand their businesses.
SMB Compass has business loan programs in Vermont from $25,000 up to $100 dollars. SMB compass specializes throughout Vermont in equipment financing, SBA loans, asset-based loans, bridge loans, invoice factoring, and business lines of credit. Schedule a call with a Lending Advisor today to learn more about the business loan options in Vermont.
Small Business Loans in Vermont
Here are the many ways to use a small business loan in Vermont
- Acquire small business loans
- Refinance existing loans and credit card debt
- Purchase or refinance commercial real estate
- Buy or lease machinery and equipment
- Purchase inventory and raw materials
- Improve cash flow
- Marketing and advertising campaigns
- Upgrade technology and business software
- Renovate existing office space
- Day-to-day operating expenses
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