US Small Business Administration

Vermont SBA Assistance

The President of the United States has declared a state of emergency in Vermont. However, in order for SBA to provide disaster assistance, a federal disaster declaration needs to be in place which authorizes SBA disaster programs. SBA will work closely with FEMA and the state in support of the state’s request for a federal disaster declaration with individual assistance, including sending a team to Vermont with FEMA to conduct a preliminary damage assessment.

Once a declaration is official and SBA programs will be offered, SBA will partner with FEMA to provide assistance through disaster recovery centers or business recovery centers in Vermont. The SBA Office of Disaster Recovery and Resilience connects individuals, businesses, and non-profits with SBA disaster assistance programs and improves disaster recovery outcomes and economic resilience by helping communities recover from and mitigate against disasters of all types.

The SBA Vermont District Office encourages small businesses to download a copy of the Vermont Small Business Development Center’s Disaster Recovery Guide for Business, which contains steps business owners can take and the information to gather post-disaster once it is safe to do so.

US Small Business Administration Vermont Office

The US Small Business Administration (SBA) plays a crucial role in supporting small businesses across the United States. The SBA Vermont Office is dedicated to providing a range of services and assistance to entrepreneurs and small business owners in the state.

Services Provided by the SBA Vermont Office:
The SBA Vermont Office offers various services to assist small businesses in the state. These services include:

Business Counseling and Training: The SBA provides free counseling and training programs to help entrepreneurs start, grow, and manage their businesses successfully. These services cover areas such as business planning, financial management, marketing, and more.
Access to Capital: The SBA facilitates access to capital for small businesses through loan programs, loan guarantees, and venture capital funding. They work closely with lending partners to help businesses secure the financing they need.
Government Contracting Assistance: The SBA Vermont Office assists small businesses in understanding and navigating the government contracting process. They provide resources, training, and guidance on how to compete for federal contracts, certifications, and subcontracting opportunities.
Disaster Assistance: In times of declared disasters, the SBA offers low-interest disaster loans to help businesses recover and rebuild. These loans provide financial assistance for physical damages, economic injury, and mitigation efforts.

In times of emergencies and disasters, the SBA provides additional assistance to support small businesses. This includes:

Disaster Assistance Loans: The SBA offers low-interest disaster loans to businesses affected by natural disasters, such as floods, hurricanes, or wildfires. These loans help businesses rebuild, repair, and recover from physical and economic damages.
Business Continuity Planning: The SBA provides resources and guidance to help small businesses develop robust continuity plans to prepare for emergencies and mitigate potential disruptions.

The SBA Vermont Office is a valuable resource for small businesses in the state. Through their services, entrepreneurs can access counseling, training, financing, and assistance during emergencies. By collaborating with other Vermont state and federal agencies, the SBA aims to foster a supportive environment for small business growth and success. For more information, visit the SBA Vermont Office’s website or contact them directly using the provided contact information.

SBA Vermont District Office
87 State St., Unit 205
Montpelier, VT 05601
Phone: 802-828-4422
www.sba.gov/vt

Other Vermont State and Federal Agencies:
In addition to the SBA, several other Vermont state and federal agencies collaborate to support small businesses. These agencies include:

Vermont Small Business Development Center (VtSBDC): The VtSBDC provides free one-on-one business advising, training, and resources to help entrepreneurs and small business owners succeed.
Vermont Agency of Commerce and Community Development: This agency focuses on economic development, business expansion, and community revitalization. They offer programs and support services for businesses at various stages of growth.
Internal Revenue Service (IRS): The IRS provides guidance and resources related to tax obligations for small businesses. They offer information on tax filing, deductions, credits, and other tax-related matters.

State of Vermont Agriculture Food & Markets also provides Flood Assistance and information at https://agriculture.vermont.gov/flood.

To feature your VT business in Vermont Living, contact us.

Applications to receive grants are also now open.

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