Fax: 802-479-2867
P.O. Box 342
107 N. Main Street, Suite 7
Barre, VT 05641

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Community Capital April 2007 E-Newsletter

An Alternative Financing Source
for Vermont Entrepreneurs
In This Issue
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Business Networks
From Olivia Gay, Loan Officer

Welcome to our April issue!

This month, our Quick Links section at left highlights some of the small and micro business networking associations in Vermont. Also in this issue, we highlight:
  • New Business Owner - Brandy Pombar of Halvanah
  • May 1st Community Capital Fundraiser at Sean & Nora's Restaurant in Barre
  • Michele Lunde of Delicate Decadence Garners SBDC Award
  • Community Capital receives $8,000 Citizens Bank Grant

Our biggest news this month has nothing to do with loans. On April 12th at 7:50 a.m., Emily and Matt Kaminsky welcomed baby Jedd into the world. At 8 lbs 9 oz, Jedd is resting cozily at home with his parents. Fund Manager Emily is taking a few months off from the world of lending. We miss her but we are very excited for her and Matt - their first child!
Brandy in Store CroppedAfter years of dreaming and planning, Brandy Pombar, with assistance from Community Capital and the Village of Waterbury, has realized her goal of starting Halvanah, a clothing store in downtown Waterbury. Halvanah carries current fashions in natural fibers and a range of prices - everything from infant to adult for women and girls, and up to size 12 for young boys.

After putting together her business plan through a Vermont Women's Business Program class, Brandy was ready to look for funding. At the recommendation of the Waterbury Community Development Committee, Brandy came to Community Capital to borrow about half of her start up costs. "The staff at Community Capital made my lending experience favorably memorable. Trying to finance a project can be an extremely stressful experience. They were able to eliminate most of that stress by not only becoming my lender, but also because my lending agent became a friend. It was a hands on, personal approach experience that I highly recommend."

Brandy is committed to supporting her community as well as providing great merchandise. On Saturday, April 28th Halvanah will be part of 'Spring for the Swings Day'. Local area businesses are having a village wide shopping event where 10% of all proceeds will benefit the new Thatcherbrook Primary School Playground where Brandy's two daughters are students. Brandy also donated 10% of her Grand Opening sales to the the playground project.

Brandy's years of retail and merchandising experience at Turtle Fur Company, Burton Factory Store, and Zutano have complimented her innate sense of style and design to create an attractive store with an enticing array of clothes, accessories and gifts. Brandy's mission is to make Halvanah a fun and welcoming environment where women of different shapes and sizes can come to shop and where children are always welcome.

Mothers Day is just around the corner. Halvanah has a wide variety of unique Mothers Day gifts to offer that special person in your life. Store hours are Monday through Saturday 10am - 5:30 pm and Sunday 12-4 pm. Located at 1 Stowe St., Waterbury

Come enjoy a delicious meal at Sean & Nora's popular Mardi Gras Night on Tuesday, May 1st from 4:30 - 8:30 pm. The Barre restaurant will contribute 15% of the proceeds to Community Capital!
Sean and Nora's has been hosting weekly Mardi Gras benefit dinners since Hurricane Katrina. Music and decorations are Mardi Gras-themed with beads handed out at the door. The menu features great Creole and Cajun Specialties and $2.50 Hurricanes, Mai Tais and Margaritas. This fun night out will help other local businesses get their start. So join the revelers for a great time!

Community Capital borrower Michele Lunde of Delicate Decadence in Barre was honored as Young Entrepreneur of the Year by Central Vermont's Small Business Development Center.

At the Awards Breakfast on Wednesday, April 18th, SBDC Counselor John Brennan lauded Michele as a creative and enterprising business woman who has worked hard to create an excellent product and provide a good work environment for her employees. When congratulated by Community Capital Loan Officer, Olivia Gay, Michele said: "I couldn't have done it without Community Capital."

Community Capital was one of several sponsors of this event to recognize local entrepreneurs. Community Capital works closely with Small Business Development Center counselors around the state in supporting business planning for start-ups and expanding businesses.

Citizens Bank Foundation recently announced Community Capital of Vermont as one of six community organizations to receive their 2007 Technical Assistance Grant. "We believe that by providing necessary funds for technical assistance services that help consumers understand and access credit, we can help improve the quality of life for many and serve to strengthen neighborhoods and communities throughout Vermont," said Cathy Schmidt, President of Citizens Bank in Vermont. "This grant money will assist community groups across the state in their efforts to provide credit service. We are very pleased to assist in this area."

Community Capital will use the $8,000 grant to support its statewide efforts, particularly in the area of marketing and post-loan technical assistance.

Our next issue will be published in May. If you have news that you would like featured in any of our upcoming e-newsletters, please contact me at 802- 479-0167 or Until next time...


Olivia Gay
Community Capital of Vermont

phone: 802-479-0167

If you have news that you would like featured in any of our upcoming e-newsletters, please contact me at 802-479-0167 or Until next time...

Emily Kaminsky , Community Capital of Vermont

email: Emily
phone: 802-479-0167