Loan Programs

Business Incentive and Assistance Program

A Revolving Loan Fund program, jointly funded and administered by Heritage Federal Credit Union, is available with secured loans of up to $50,000 available to qualifying businesses. The use of this funding is flexible and interest rates on the loans are below market rate.

Maples Revolving Loan Fund

The Maples Revolving Loan Fund (Maples RLF) is intended to provide funding, in the form of a loan, for community development activities benefiting the City of Rutland.

For more information or to apply contact the RRA.

Special Benefits Revolving Loan Funds

Loans made to qualifying businesses, $30,000 max.

REDC Revolving Loan Program

The Rutland Economic Development Corporation (REDC) provides fixed rate loans through its Revolving Loan Fund. REDC’s Revolving Loan Fund provides businesses with loans typically between $5,000 and $75,000 and up to $150,000. These loans are generally repaid over a five year period at favorable fixed rates.