Spring is on the way and we have officially closed the first quarter of 2019. I want to start off by sharing a bit about what we’ve been up to in the past several months.
Community Capital Lending Ahead of Pace
We are well ahead of the pace we set for ourselves for new loan creation, having closed over $250K in new micro-loans thru mid-March. Our borrowers this quarter include roofers, commercial cleaners, and maple syrup and hydroponic food producers, just to name a few. We have been excited to see a few former borrowers come back to us for capital to expand, and as always, we welcome new folks to our family of entrepreneurs.
New Loan Committee Members; New Board Member
Next, I am excited to share that we’ve added three new Loan Committee members, and one new member to our Board of Directors. To our Loan Committees we welcome Eun-Young Denny from VEDA, Lane Fury from Cooperative Fund of New England, and Robin Ware from Community Bank, NA. And to our Board we welcome Mary Chevalier, who brings her small business ownership and financial expertise to our already-strong Board of Directors. We are incredibly grateful to these individuals for sharing their time and talent for the benefit of our borrowers throughout Vermont!
Community Capital in Your Community
I typically end my posts with an invitation to reach out if you want to learn more about how Community Capital of Vermont is working in your community, or if you just want to hear more about our work and what we’re up to. We would welcome it. In the meantime, thank you for reading, and enjoy spring!