Creating Business
Opportunities
NCIC has provided over $40,000,000 in direct business loans, that have
leveraged another $566,000,000 in financing to over 1,300 businesses in Vermont
and New Hampshire, supporting over 20,000 jobs.
Business Financing
Flexible Business Financing to help
your business start or grow.
NCIC provides loan capital to small entrepreneurs, emerging businesses, and large-scale employers in the Northeast Kingdom of Vermont and the North Country of New Hampshire. Loans range in size up to $500,000, and can be used for new businesses that are just starting out, or established businesses looking to grow or expand in the area. We offer direct business loans, and loans made in partnership with traditional financing.
Loan Funds can be used for:
- Working capital
- Equipment
- Business purchase
- Commercial real estate
- Lines of credit
- Inventory
- And more
As an Economic Development Lender loan terms are flexible.
NCIC can structure loans creatively and may include interest only, seasonal payments, extended amortization periods, and other terms which reflect the borrower’s business cycle and other considerations.
Quick Money
NCIC’s small loan program offers a streamlined process and quick turnaround. This program was developed to finance startups and early stage businesses that need capital to purchase machinery or equipment, furniture and fixtures, inventory, supplies and working capital with loans up to $25,000.
Frequently Asked Questions
How much money can I borrow?
NCIC offers Business Loans up to $500,000 although exceptions may be possible for higher amounts.
What can the loan funds be used for?
Loan funds can be used for any commercial business need. Most common types of uses are for real estate, working capital, equipment purchases and business acquisition.
Can I pay off my loan early?
Yes, you can pay off a loan early by increasing your monthly payments or paying off your loan in a lump sum. There are no pre-payment penalties with any NCIC loan products.
How do I apply for a business loan?
Our Business Resource Manager can assist you by phone or in person with any loan or line of credit application. Call us at 802-748-5101 X2021 to discuss the application process or visit our Document Center to download an application.
How can we help?
Business Resource Manager and Commercial Loan Officer