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

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Community Capital January 2007 E-Newsletter

An Alternative Financing Source
for Vermont Entrepreneurs
In This Issue
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Financial Partners
Emily Kaminsky

From Emily Kaminsky, Fund Manager New Year's greetings to you all! Please note that we have re-located our offices to downtown Barre! See below for our new contact information.

This issue, I invite you to view our newly updated website. We've updated just about every page. Most importantly, please view our Financing and Assistance Page to learn about our Application Process and Timeline.

Finally, at left please view links to our top financial institution partners for 2006. Our relationships with these banks often goes beyond partnering on a loan. Many of them have provided operating support in the form of grants or sponsorships. If your institution is not on this list, I would welcome an opportunity to talk about how we can work together!

downtown barre
Starting January 1st, Community Capital's office is now located in downtown Barre at 107 North Main Street, Suite 7. Our new phone number is 802-479-0167.

>Our new office provides us with more space for staff and a convenient place to meet with clients. We're excited to be sharing the building with three other partners - Central Vermont Community Action's Child Care Food Program, the Central Vermont Community Land Trust and Merchants Bank.

You are cordially invited to come to our Open House on February 27, 2007 from 1:00 pm to 4:30 pm. Our Open House is scheduled to coincide with EntrepreneurshipWeek USA and is the same day as a special event honoring the week in Montpelier. Stay tuned for more information on EntrepreneurshipWeek USA in Vermont in our February issue.
This past year, Community Capital lent a record amount of dollars to a record number of entrepreneurs! In 2006, we committed $613,425 in loans to 26 businesses! Twenty-four of these businesses were new borrowers to us and two were existing borrowers who received a second loan. Of the amount committed, $88,500 in loans was committed to five businesses outside of central Vermont.

To put these numbers in perspective, the most we have ever disbursed in one year is just under $300,000 (in 2003). The highest number of businesses we have ever served in a year – that is, businesses that are not repeat borrowers - was 13 in 1998. If you know of an entrepreneur that can't get bank financing, please send them our way. We've recently revamped our website with new information. Please visit!

The Job Start Microloan Program is a state-funded loan fund that offers flexible and affordable financing of up to $20,000 to new and growing businesses that are owned by Vermonters of low and moderate income. The fund is currently housed at the Vermont Economic Development Authority (VEDA).

In December 2005, after embarking on an extensive process to review the Job Start Microloan Program’s effectiveness, the Job Start Advisory Board and VEDA invited loan funds from around the State to submit a proposal to take on the administration of the Job Start Microloan Program. After careful consideration, the Job Start Advisory Board decided in July to support Community Capital and its proposed program design for the Job Start Microloan Program.

At its September 29, 2006 meeting, the Job Start Advisory Board officially recognized Community Capital of Vermont as the entity that they would support in the upcoming 2007 Legislative Session to take over the administration of the Job Start Microloan Program.

Chris Rottler
Please join me in congratulating Chris Rottler on his promotion to the newly-created position of Senior Loan Officer at Community Capital! Chris has been a Loan Officer with Community Capital for 2 1/2 years. Last year, he took on the responsibility of covering both the North West and Central Vermont regions. He was the one primarily resopnsible for our incredible outlay of loans last year!

Chris, as Senior Loan Officer, will serve as Team Leader for Community Capital's loan officers. He will also be taking on decision making responsibility on smaller loans. Congratulations, Chris!

As always, thank you for your ongoing support. We look forward to keeping you informed of our ongoing activities to serve Vermont's entrepreneurs.


Emily Kaminsky
Community Capital of Vermont

email: ekaminsky@cvcac.orgphone: 802-479-0167