GMEDC Upper Valley VT
VEDA Small Business Pandemic Financial Relief

VEDA Short-Term Forgivable Loan Program


VEDA’s Short-Term Forgivable Loan Program:

This program provides financial assistance to businesses that continue to experience current and on-going economic harm due to the COVID-19 pandemic. Successful applicants can use loan proceeds to pay for eligible operating expenses, but not capital expenditures.


The VEDA Short Term Forgivable Loan Program deadline to submit new applications is March 31, 2023 at 4:00 pm. If your business suffered economic harm due to the COVID 19 health crisis, visit VEDA FLP  to determine if your business is eligible for financial assistance from this program. 


Existing VEDA Short Term Forgivable Loan borrowers can apply for loan forgiveness anytime up to 12 months from the date of receiving loan funds.  Visit VEDA FLP to download a Forgiveness application to submit to VEDA. 

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