Community Capital of Vermont manages MDF small business loan

The Morristown Development Fund minutes note Community Capital of Vermont is administering a $12,500 loan to Vargo's Fix & Finish LLC at 6.50% interest, maturing July 1, 2029. The first payment from the borrower is due August 1, 2026, with principal and interest remitted to the Town in early September.

Document date · August 20, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$12,500

Contract type

FINANCIAL_SERVICES

Contract term

Loan to Vargo's Fix & Finish LLC at 6.50% interest, maturing July 1, 2029

Renewal date

2029-07-01

Renewal

Loan carries a fixed 6.50% interest rate with maturity on July 1, 2029; no renewal terms described in the minutes.

Document type

Minutes

Source document

Morristown Development Fund Board Minutes 2026-08-20

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Morristown?

Community Capital of Vermont was awarded this financial services contract by Town of Morristown, as recorded on August 20, 2026. The contract value is $12,500.

How much is the Community Capital of Vermont contract with Town of Morristown worth?

The Community Capital of Vermont contract with Town of Morristown is valued at $12,500, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Morristown Development Fund Board Minutes 2026-08-20 (Minutes), dated August 20, 2026 from Town of Morristown. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Community Capital of Vermont hold?

Community Capital of Vermont may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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