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BARRE, Vt. (AP) — Vermont has awarded $1 million to an organization that helps small businesses and startups.

The Times Argus reports the state Small Business Administration awarded $1 million to Community Capital of Vermont. CCV’s microloan program will benefit from the award. The nonprofit also received a $239,000 technical assistance grant.

The Barre-based nonprofit organization was created in 1995 to help local entrepreneurs with gap lending. CCV Executive Director Carol Lighthall says the nonprofit is a “mission-based lender” that thinks of people. Lighthall says the organization has remained inclusive when working with borrowers.

According to CCV, the organization has invested about $9 million in over 300 small businesses in Vermont since its inception.


Information from: The Times Argus,