Last Updated on August 23, 2023 by Hannah Stevens
Minority, female, Indigenous or veteran owned businesses in Vermont can receive assistance from the government in the form of grants, small business loans at low interest rates, mentoring, and coaching sessions. Furthermore, the local government of the state of Vermont, charities, and corporations offer assistance to Black, Latino and Asian business owners.
Each program, lender, and agency will have its own application process. There are also resources available for MWBE owned companies. Any financial assistance, whether a loan or a grant, is generally combined with other support. Mentors and business professionals may be available to help with your marketing needs, including preparing business plans, developing websites, and other tasks. Any small business can apply, but there will always be support and grants for women owned businesses or minority owned businesses.
Loans, Grants, and Help for Minority and Female Owned Businesses In Vermont
This list is up to date. Although the grant, free counseling, loan, and other resources are geared towards veteran and minority owned businesses, these are open to anyone who can apply.
You can also find an extensive list of Free Grants and Loans for Minority and Women Owned Businesses in Virginia elsewhere on this site.
Year Round Financial Aid Programs, Free Business Coaching and Grant Programs
The SBA and the non-profit KIVA partnered to offer microloans for businesses in the state of Vermont. The funds are used for a variety of purposes, or as working capital. A few microloans, including Kiva, are interest-free. Moreover, BDCC works closely with the U.S. Department of Agriculture’s Rural Microentrepreneur Assistance Program and Rural LISC (Local Initiatives Support Corporation) to provide loan programs.
This is quite similar to one of the free grants and loans for minority and women owned businesses in Utah, the Women’s Business Center of Utah.