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Vermont Community Loan Fund Lending Reaches $145,800 in 2nd Quarter 2016

www.investinvermont.org

The Vermont Community Loan Fund (VCLF) has provided financing in support of the following food and farm enterprises in the 2nd quarter of 2016:

Fog Lake Farm, Brookfield

Craig Russell owns Fog Lake Farms, a certified organic, grass-fed dairy farm that has also diversified into beef and pork production. Recently, their disc mower, critical for cutting the hay that feeds their herd, broke down for the second time in a year. With repair costs nearly equaling the cost of replacement, they came to VCLF to finance a new mower. The loan preserves two full-time and three part-time jobs. www.foglakefarms.com

Pastabilities, Williston
Started by Dan Roscioli in 2008, Pastabilities is a manufacturer and wholesaler of pizzas, pastas, pizza dough, and snack foods, selling to supermarkets, distributors, and schools. After producing pretzels for nearby snack manufacturer Distler’s Pretzels for four years, Pastabilities purchased that business with a loan from VCLF. The loan is expected to lead to the creation of two part-time jobs. www.vermontpasta.com

Since 1987, VCLF has loaned over $90 million to local businesses, affordable housing developers and community-based organizations that has created or preserved 5,200 jobs; built or rehabilitated 4,000 affordable homes; created or preserved quality care for over 3,700 children and their families; and supported community organizations providing vital services to hundreds of thousands of Vermonters.