Help Available For Small Businesses

Small businesses make up most of Vermont's economy, some of them have been having a hard time in the down turn and those doing well might not have been able to expand because of the recession.

Business is thriving at NEHP, but it's still been affected by the economy. "In May last year the bank wasn't able to lend us money," Chief Financial Officer, Robin Morris said. NEHP turned to the Small Business Administration for help, and its not the only one.

The SBA has received dozens of calls recently from other businesses. And it can help.

NEHP is still waiting to see if its loan has been approved. "You have to have capital to meet your expansion and without the SBA loan we wouldn't be able to expand, in fact we'd probably have to contract," Morris said.

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